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Sunday, April 6, 2008

IIM-A defends fee hike

Indian Institutes of Management (IIMs), specifically IIM-Ahmedabad (IIM-A), which have announced a steep hike in their fees last week are unlikely to revise (scale down) the new fee structures.

Vijaypat Singhania, the chairman of the governing council of IIM-Ahmedabad who met Minister of Human Resource Development Arjun Singh today, justified the fee hike and said they would take steps to ensure that all deserving students get into the premier institution.

“I met the minister as he was concerned about the fee hike. I explained him at length as why we had to go for such a move. The hike is purely on the basis of costs and in the wake of the Sixth Pay Commission report. I think the minister was satisfied with our point,” Singhania told reporters after meeting Arjun Singh at his residence. “The new fee structure would remain the same,” he said.

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