Centre hikes pay scales of teachers by 22-28%

Decision to benefit 758,000 personnel

by Arjit Singh Bhambra

The Union Cabinet has revised the pay scales for teachers and equivalent academic staff in educational institutions by 22-28 per cent with effect from 1 January 2016. The decision is likely to benefit 758,000 teachers and equivalent academic staff personnel in 106 universities / colleges funded by the UGC/MHRD and also 329 universities which are funded by state governments and 12,912 government and private aided colleges affiliated to state public universities. Teachers of 119 centrally funded technical institutions like IITs, IISc, IIMs, IISERs, IIITs, NITIE will also receive the benefits of the wage increase. It is estimated that the annual central financial liability will be about Rs.98 billion.

References
1. http://pib.nic.in/newsite/erelcontent.aspx?relid=171611
2. http://www.business-standard.com/article/economy-policy/7th-pay-commission-govt-approves-pay-hike-for-758-000-college-teachers-117101101340_1.html
3. http://economictimes.indiatimes.com/news/economy/policy/govt-extends-7th-pay-panel-benefits-to-teachers-of-central-state-varsities/articleshow/61040565.cms
CMIE STATISTICS
Unemployment Rate
Per cent
5.9 +0.1
Consumer Sentiments Index
Base September-December 2015
92.6 0.0
Consumer Expectations Index
Base September-December 2015
91.9 0.0
Current Economic Conditions Index
Base September-December 2015
93.7 0.0
Quarterly CapeEx Aggregates
(Rs.trillion) Mar 17 Jun 17 Sep 17 Dec 17
New projects 4.06 2.14 1.23 1.12
Completed projects 1.96 0.86 1.05 0.93
Stalled projects 0.74 2.67 0.67 0.93
Revived projects 0.86 0.30 0.29 0.23
Implementation stalled projects 0.33 0.69 0.73 0.58
Updated on: 24 Feb 2018 8:20PM
Quarterly Financials of Listed Companies
(% change) Mar 17 Jun 17 Sep 17 Dec 17
All listed Companies
 Income 10.2 9.7 7.9 11.9
 Expenses 11.9 10.0 9.0 12.9
 Net profit 16.4 -19.8 -16.8 -12.4
 PAT margin (%) 6.0 5.3 5.7 5.0
 Count of Cos. 4,474 4,463 4,442 4,291
Non-financial Companies
 Income 11.8 10.3 7.7 12.7
 Expenses 15.6 10.6 7.5 11.7
 Net profit -2.2 -25.2 -4.2 13.2
 PAT margin (%) 6.1 5.2 6.4 6.6
 Net fixed assets 6.9 9.2
 Current assets 2.7 78.8
 Current liabilities 8.9 11.0
 Borrowings 4.9 10.5
 Reserves & surplus 6.1 5.2
 Count of Cos. 3,457 3,447 3,421 3,335
Numbers are net of P&E
Updated on: 24 Feb 2018 8:20PM
Annual Financials of All Companies
(% change) FY14 FY15 FY16 FY17
All Companies
 Income 10.0 5.4 1.5 6.8
 Expenses 9.9 5.5 1.7 7.1
 Net profit -2.5 0.3 -12.9 22.1
 PAT margin (%) 3.1 3.1 2.8 5.3
 Assets 12.3 9.5 10.1 8.3
 Net worth 9.7 8.5 11.7 7.4
 RONW (%) 6.1 5.9 4.9 7.9
 Count of Cos. 24,633 24,657 22,529 10,919
Non-financial Companies
 Income 9.7 4.6 0.6 6.7
 Expenses 9.4 4.8 0.0 7.6
 Net profit -3.1 -8.1 13.2 15.9
 PAT margin (%) 2.2 2.0 2.5 4.9
 Net fixed assets 11.7 13.3 17.4 7.2
 Net worth 8.3 6.9 12.4 5.4
 RONW (%) 5.0 4.7 5.1 8.5
 Debt / Equity (times) 1.1 1.1 1.0 0.8
 Interest cover (times) 2.0 1.9 1.9 2.7
 Net working capital cycle (days) 69 67 65 52
 Count of Cos. 19,858 20,066 18,861 8,566
Numbers are net of P&E
Updated on: 21 Feb 2018 10:31AM

Data added for HPI at Assessment prices and HPI at Market prices