IIM-Ahmedabad hikes fees by 50,000 a year

Monday, 30 March 2009, 02:25 Hrs
Printer Print Email Email
Ahmedabad: The Indian Institute of Management, Ahmedabad (IIM-A), Sunday decided to raise its post-graduate tuition fees for first and second year students by 50,000 annually from the 2010 academic session.

Fees for first-year students will be be increased from 5.5 lakh per annum now to 6 lakh, and that for second-year students from 6 lakh to Rs 6.5 lakh, a senior official of the institute told IANS.

Maintaining that fees were not hiked for the 2009 academic session, he said the IIM-A board of governors took the decision Sunday in the presence of its chairman and industrialist Vijayapat Singhania.

The official said the fee waiver policy for the Other Backward Classes (OBC) students as recommended by the central government in 2007 remains in vogue and there were no changes made in the new fee structure decided Sunday.

IIM-A cited rising operating costs following the implementation of the Sixth Pay Commission recommendations as the reason behind the fee hike.
Source: IANS
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..