Teachers in IITs and IIMs may expect fat pay packages, better than their counterparts in universities and colleges, as the government is likely to take the issue of their revised salary to the Cabinet this week.
The Pay Review committee, headed by Prof Goverdhan Mehta, set up for faculty members of central technical institutes like IITs and IIMs had submitted its report to the HRD Ministry in February this year.
The government then set up another committee to study the recommendations and make final suggestions on salaries and perks for the teachers of 53 Central Technical Educational Institutions, including IITs and IIMs.
The committee had suggested a better package for these teachers as against the faculty members of universities and colleges.
"A cabinet note has been prepared and the matter may be moved to the cabinet this week," a top ministry official told PTI here.
The Goverdhan Mehta committee will also submit another report on salary package for faculty of AICTE-affiliated institutes.
The committee, which was supposed to submit the report by May end, has been given extension till June 30.