IIM-L sticks to old fee, Joshi order set to go

A formal announcement on withdrawing Joshi’s order will be made either at the end of this week or early next week. Already, five of the six IIMs have reverted to the old fee structure and IIM Kozhikode is expected to follow suit tomorrow.

Meanwhile, IIM Lucknow also unveiled plans to build a satellite centre in NOIDA in a few years. The NOIDA centre would give IIM Lucknow an additional 600 seats, making it the biggest IIM in terms of student strength. IIM Lucknow chairman, Hari Shankar Singhania, said the institute would gradually increase its seats from the present 240 to 360.

A separate executive development programme is also being planned, whereby corporate candidates at IIM Lucknow would be given the additional incentive of training with a management institute or a company abroad.

‘‘This will involve global management education,’’ said Singhania. ‘‘We already have a tie-up with some foreign institutions and we are developing this management package for executives in collaboration with them,’’ said IIM Lucknow director, Professor Devi Singh.

The number of students who received aid or waivers in IIM Lucknow were close to 50 per cent—the largest in the group of six IIMs. For families with a household income of less than Rs 2 lakh, Singh said, there would now be a tuition fee waiver too, which would cut the amount payable by the student by almost Rs 55,000. The benefit would be even more for families with an income of less than Rs 1.5 lakh.