Business School News




HRD ensures IIM Kolkata can't push its anti-fee cut resolution


The HRD juggernaut continues to roll through the IIMs over the fee-cut issue leaving deep divisions and damage in its wake. After a heated four-hour meeting of the 26-member IIM Kolkata board of governors today, so sharp was the division -thanks partly to the controversial presence of "Government surrogates" - that the board played it safe by not attempting to pass any resolution .

 

And, instead, left it to chairman Y C Deveshwar to draft a resolution "reflecting the concerns of all the stake holders."

 

This draft resolution will be debated at the next meeting of the institute's board-cum-society on April 3.

 

Late tonight, the IIM Kozhikode board, meeting under the chairmanship of A C Muthaiah, accepted the stand on the fee cut. " The board unanimously resolved to accept the government's decision and reduce the annual fee from the present Rs 1 Lakh to Rs 30,000," chairman A C Muthiah told PTI.