Pay Hike Proposed in Indian Academia

As I saw in this ToI article [and was also informed of the official report in the researchers returning to India yahoogroup], the UGC has recommended a huge pay hike in the salaries of Indian academics.

While these are still "recommendations", this at least shows that they are taking notice of the problem of the severe lack of faculty in India.

I would write more on this, but gotta prepare for la nuit blanche :). So I point you all to this excellent analysis by Abi, which ends with asking the question:

if you wouldn't consider an IIT faculty position for Rs. 30,000, would the new salary make you change your mind?

Would it?