Murthy sees no logic in Joshi’s fee-good

‘‘A large part of the respect India has earned outside has been through students of these institutions. Nobody should do anything, even unwittingly come in the way of these great institutions which are going from strength to strength,’’ was his refrain.

‘‘The Minister’s initiative to reduce the fees worries all of us. My view is that we don’t need subsidy for higher education,’’ he said.

Murthy said it costs Rs 3 lakh per student per annum at IIM-A and obviously Rs 3 lakh is not a pittance. ‘‘If you want good quality education, you have to spend Rs 3 lakh,’’ Murthy said, adding that quality of education at the IIMs was bound to suffer because of the move.

Murthy said the Government had taken the step without any consulting stakeholders of the IIMs such as the chairmen and directors. He said he had met Joshi in January and given him data. ‘‘But I don’t think they have taken it into consideration,’’ he said.