For the third consecutive year, the Indian Institute of Management, Ahmedabad (IIM-A), has made an upward revision of its fees structure for its flagship course, the Post-Graduate Programme in Management (PGP).
For students joining the June 2010-12 batch for the two-year PGP course, the fees structure will be Rs. 13.70 lakh — Rs 6.6 lakh in the first year and the balance Rs. 7.10 lakh in the second year — as against Rs. 12.5 lakh last year, which was raised from Rs. 11.5 lakh the previous year.
The fees hike proposal was discussed at the IIM-A Board of Governors meeting held on Saturday, an official spokesman of the institute announced here on Tuesday. He said the hike had been decided in view of the “significant increase” in the costs due to implementation of the Sixth Pay Commission's recommendations and the general rise in operating costs due to high inflation in the economy.
The spokesman said the fees to be charged included everything except the food costs for each student. Pointing out that the fees hike was 9.6 per cent this year, he said students coming from economically weaker families having an annual income of less than Rs. 6 lakh, would continue to enjoy fee waivers as per the IIM-A socialistic programmes.
According to the spokesman, in the current batch, 41 students were granted a total waiver .
