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IIM-Ahmedabad to maintain status quo in fee structure

By Our Special Correspondent

AHMEDABAD, APRIL 2. The board of governors of the Indian Institute of Management, Ahmedabad, decided to maintain status quo in its fees structure for at least one more year.

Briefing mediapersons after the board meeting here today, the IIMA director, Bakul Dholakia, said the decision to maintain the status quo was "in tune'' with the process of rationalisation in the fees structure under process among all the IIMs in the country.

The fees for the next academic year would continue to be Rs. 1.58 lakhs a year for the two-year post-graduate programme in management.

Mr. Dholakia said the IIMA would start a one-year full residential course in public management from the next academic year. A 15-member committee of the IIM faculty members were currently designing the curriculum for the new course, he said.

The IIM fees structure had become a major issue last year when the then Union Human Resources Development Minister, Murli Manohar Joshi, issued a fiat to the IIMs to cut down the fees to make management education within the reach of the economically weaker sections.

The UPA Government, however, reverted back the situation underlining the authority of the board of governors of the respective IIMs to decide their own fees structure.

Echoing the sentiments, the chairman of the IIMA board of governors, N. R. Narayana Murthy, said the institute had always maintained that it should be self-sufficient but at the same time it firmly believed that no one should be left out on grounds of financial constraints. The IIMA continued to help the needy students and last year it provided need-based scholarship of Rs. 70 lakhs to 79 students. In the next academic year, the fund for granting scholarships to the needy students had been raised to Rs. one crore.

Later, Mr. Murthy chaired the 40th annual convocation of the IIMA in which 279 students including, 249 in postgraduate programme in management, 21 in postgraduate programme in agri-business management and nine fellow doctoral programme in management were awarded degrees.

The convocation address was delivered by Raghuram Rajan, director of research and chief economist at the International Monetary Fund, Washington.

In a brief chat with mediapersons, Dr. Rajan said India had always maintained good relations with the IMF but the fact that the country did not have to tap the IMF funding reflected the strength of India's economy.

Expressing satisfaction at the way India was running its economy, he said it was because of good economic management that the country need not go to the IMF for help.

He believed India had the potential to achieve eight to 10 per cent growth as professed because he felt the country had always under-performed the growth rate. He, however, felt that there was need for greater attention in certain sectors, particularly infrastructure, education including higher education and health to ensure speedy development.

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