IIM-Calcutta Increases Course FeesBy Swatilekha Paul, Gaea News Network
Sunday, April 11, 2010
KOLKATA, INDIA (GaeaTimes.com)- All those students who are seeking admission in the Indian Institute of Management Calcutta (IIM-C) would now have to pay 4.5 lakh more as the educational institute has decided to increase its course fees. The rise in the fees in the postgraduate diploma management courses has been successful in grabbing many eyeballs as this is supposedly the most exorbitant hike in the course fees to have been ever witnessed by IIM-Calcutta.
The decision to increase the course fees was taken by the board of directors of IIM-Calcutta recently. As per the decision, the students who would seek admission in the premier educational institution in the academic session of 2010-2012 would have to shell out Rs. 13.5 lakh while presently the students enrolled in the postgraduate diploma management course have to pay Rs. 9 lakh.
The chairman of the board of governors of IIM-Calcutta, Ajit Balakrishnan has stated that the decision to enhance the course fees was taken, in order to bring the fees structure of the institute at the same level with other IIM institutes such as IIM-Bangalore and IIM-Ahmedabad as the two institutes have increased the fees to Rs. 13 lakh and Rs. 13.7 lakh respectively. At the same time, Ajit Balakrishnan also indicated that the money was required to enhance the infrastructure of the institute especially for the new batches. As the number of students enrolling in the course has increased owing to the implementation of the OBC quota, IIM-Calcutta is supposedly witnessing the biggest batch among all the other IIM’s. Hence, the increase in the course fees is said to be of imperative need.