| IIM-B, for instance, raised its fee from Rs 1.75 lakh to Rs 2 lakh per annum. The course would now cost the students a total of Rs 4 lakh. IIM Lucknow is likely to raise its annual fee from the present Rs 1.69 lakh to Rs 1.84 lakh per annum. | ||||||||||||||||||||||||||||
Said an IIM-L professor, "IIM Lucknow will discuss the proposal to hike its fee in its upcoming board meeting in March. However, the fee could see a hike of Rs 15,000 from its current cost of approximately Rs 3.5 lakh."
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| While IIM, Ahmedabad, will take a decision on the same in its board meeting scheduled to be held in March or April this year, IIM Indore which hiked its fee from Rs 1.25 lakh to Rs 1.50 lakh last year, says it has not yet decided on hiking the fee again. | ||||||||||||||||||||||||||||
| Says S P Parashar, director, IIM Indore, "We have our board meeting scheduled for the month of March and so far we have not thought of increasing the fee. A decision could be taken in the meeting." | ||||||||||||||||||||||||||||
| IIM Kozhikode however, will not increase the fee this year. The institute had increased annual fee for the PGP course from Rs 1.15 lakh to Rs 1.50 lakh last year. IIM Calcutta will also hike its fee from Rs 3.5 lakh to Rs 4 lakh for this academic year. | ||||||||||||||||||||||||||||
| Meanwhile, IIM-B has allowed its faculty to keep the first Rs 6 lakh they earn from consultancy services, after which they will have to give 50 per cent of the earnings to the institute against the current 40 per cent. | ||||||||||||||||||||||||||||
| The faculty (visiting and regular) will be also be paid for teaching extra hours, over the minimum 100 hours in a academic year. IIM-B has a little over 100 faculty members. | ||||||||||||||||||||||||||||
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