The committee has been asked to submit report to the government in one month time, an official statement said here.
Development Commissioner, Principal Secretary Finance, Education and Principal Additional Advocate General Lalit Kishore will be four members of the committee under Chief Secretary Anjani Kumar Singh, it said.
This decision was taken a high level meeting held by the CM.
Finance Minister Bijendra Prasad Yadav, Education minister P K Shahi and Chief Secretary Anjani Kumar Singh were among others who participated in the meeting.
The teachers have sat on protest and also hold street march during which they faced police lathicharge recently.
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