News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

Home  » Business » IIMs may have graded fee system

IIMs may have graded fee system

By BS Economy Bureau in New Delhi
May 31, 2004 12:33 IST
Get Rediff News in your Inbox:

The directors of the six Indian Institutes of Management will meet Human Resource Development Minister Arjun Singh later on Monday to discuss issues of autonomy, fee cut and the Shunglu report.

Sources in the ministry indicated that restoring the Rs 5 lakh fee charged by the IIMs might  not be possible. Instead, what has been suggested is a "graded fee structure" to help needy students study at IIMs.

Also, the directors will be advised to consider the proposition of the government funding the deficit and gradually reducing the subsidy, as the institutes become self-sufficient over the years.

The minister who assumed office last week had said he would be cautious in his approach while resolving the issue but reassured that autonomy to these institutes would be restored.

Get Rediff News in your Inbox:
BS Economy Bureau in New Delhi
 

Moneywiz Live!