IIM-A settles for old fees

Five months after former HRD minister M.M. Joshi stirred a hornet’s nest by cutting IIM fees, the controversy was put to rest on Saturd...

Five months after former HRD minister M.M. Joshi stirred a hornet’s nest by cutting IIM fees, the controversy was put to rest on Saturday.

Infosys chief and IIM-A chairman N.R. Narayana Murthy announced that the fee will remain the same — Rs 1.58 lakh — instead of the Rs 30,000 that Joshi had proposed. Murthy also said IIM-A will raise the amount of need-based scholarship from Rs 25 lakh to Rs 1 crore.

‘‘The fee for the two-year post-graduate programmes at IIM-A will be Rs 1.58 lakh for each year but the allocation for need-based scholarships (NBS) has been hiked four times,’’ Murthy said after a board of directors meeting.

Story continues below this ad

The IIM-A’s decision to maintain its fee structure comes after similar decisions by IIM-C (Kolkata) and the IIM-I (Indore). Earlier, the two institutes had slashed their fees to Rs 30,000.

The resolution on NBS states: ‘‘It has been resolved that students who are admitted to two-year PG programmes at IIM-A (from 2004) and whose annual family income does not exceed Rs 2 lakh, will be eligible to apply for NBS for amounts up to full tuition fee.’’

Students will be eligible to apply for additional financial assistance to cover expenses other than tuition fee, subject to conditions. The financial aid committee will determine the need for assistance.

Murthy also announced the introduction of a one-year executive MBA programme and a Centre for Management of Health Services, which will be set up on the IIM-A campus. ‘‘We have reviewed our budget for the current financial year and will not take annual government grants, as there’s no shortage of funds,’’ he added.

Story continues below this ad

Later, IIM-A director Bakul Dholakia said additional funds required to meet the hike in NBS will be procured from internal sources.

H-1B $100,000 entry fee explained: Who pays, who’s exempt, and what’s still unclear?

Explained7 hr ago

The White House's decision to impose a $100,000 entry fee on H-1B visa holders has sparked worry among Indian tech workers and students. While uncertainties remain about its implementation and exemptions, major tech companies have cautioned employees against traveling. The policy could lead to a shift towards other visa categories and potentially change the STEM immigration pipeline.

View all shorts

Live Blog