The University Grants Commission (UGC) has constituted a five-member committee for pay revision of academic staff of Universities and Colleges. <br/><br/>The Pay Revision Committee will be chaired by UGC member Prof V S Chauhan and it will submit its report in six months, official sources said yesterday. <br/><br/>The panel will also examine the present structure of emoluments and service conditions of university and college teachers, librarians, physical education personnel and other academic staff.<br/><br/>Among other things, the panel will suggest revision in the pay structure, taking into account the minimum qualifications, career advancement opportunities and benefits like superannuation benefits, medical and housing facilities. <br/><br/>It will also make recommendations on the ways and means for attracting and retaining talented persons in the teaching profession among other things.