- IIM-A effected a 12% fee hike, from Rs 1.58 lakh to Rs 1.77 lakh per annum, on April 2 after a gap of three years
- The institute’s students volunteered to raise Rs 2 crore, thus becoming the first batch to pass without subsidy
- This, they say, is to largely offset an annual Rs 3.5 lakh spent per student, and justify the fancy salaries they get
- The fee hike has been welcomed widely, and hailed as long overdue
- However, there’s a feeling that the needy students should be identified and given scholarships or loans
- Overall, it lays the roadmap fora subsidy-free MBA degree with novirtual burden on the taxpayer