The decision will benefit 7.58 lakh teachers and equivalent academic staff in the 106 universities and colleges which are funded by the UGC and the union HRD ministry and also 329 universities which are funded by state governments and 12,912 government and private aided colleges affiliated to state public universities.
"In addition, the revised pay package will cover teachers of 119 centrally funded technical institutions -- IITs, IISc, IIMs, IISERs, IIITs and NITIE," a statement said after the meeting.