New Delhi: Graduating from three of the prestigious Indian Institutes of Management (IIM) would be dearer, with the institutes deciding to hike the fee from the 2008 academic year.
The Boards of Governors of the IIMs at Ahmedabad, Bangalore and Kolkata have decided to raise the fee from the coming academic year, HRD Minister Arjun Singh said in a written reply in Lok Sabha on Tuesday.
According to information provided by the minister in the House, the maximum hike in fee has been effected by IIM-Bangalore, from Rs 2.50 lakh for the first year of the programme in 2007 to Rs 4 lakh in the coming session.
Both IIM-Ahmedabad and IIM-Kolkata have decided to increase the fee from Rs 2 lakh to Rs 3 lakh.
In reply to another query, he said the Union Government has not opposed the fee hike.
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