Apex court questions basis for high IIM fees

The Supreme Court, in its initial observations on the public litigation opposing the drastic reduction of IIM fees, seems to have vindicated the government’s decision to reduce the fees at the IIMs. A bench comprising chief justice VN Khare and justice SH Kapadia said these institutes of excellence should not be accessible only to the elite and questioned the basis for charging a fee of Rs. 1.5 lakh per student.