Prashant Nanda reports in Mint that MHRD has "allowed" IITs and IIMs to hire engineers, civil servants and other such professionals as (adjunct?) faculty for up to 3 years:
The human resource development (HRD) ministry has issued formal guidelines to all central government-funded technical institutes to this effect. [...]
The schools can now hire professionals to fill up to a fourth of their allowed faculty strength, and pay them a maximum of Rs.1.2 lakh a month, two government officials said, citing a circular from the ministry.