Thanks to our fool PM Manmohan singh, in the free economy it looks like in future the influential & rich people will only control the future of this nation as in liberalised economy you have to pay for every thing you need even our basic right of house, food & education.. The liberalisation should be done in controled manner, it should not effect the basic human needs....
RE:It looks like in free economy (liberalisation) in future only rich will control the fate of a nation.
by Arijit on May 12, 2008 02:02 PM Permalink
nope!!!...rich n influential background has nothing to do with clearing CAT , getting selected ...IIM fees r deserving...even those wid household income of 6 lakhs shud be paying full fees..becos once they pass out all can repay their loans easily..remember not all who go abroad r rich..but they still take loan becos they know tht once they secure a job abroad they can pay back...on the other hand, top business schools in every country charge a hefty fee...
RE:RE:It looks like in free economy (liberalisation) in future only rich will control the fate of a nation.
by SV on May 12, 2008 03:28 PM Permalink
Do you know how many people in India earn below Rs.6 lac annual income and IIMs are public institution not private.
RE:It looks like in free economy (liberalisation) in future only rich will control the fate of a nation.
by Kishore Bondada on May 12, 2008 02:14 PM Permalink
Basic needs....well an IIM degree is not a basic need for all indians...so why should government subsidize....But yes primary education is a basic need and should be provided by the government....
RE:It looks like in free economy (liberalisation) in future only rich will control the fate of a nation.
by mahesh on May 15, 2008 11:05 AM Permalink
well said
RE:It looks like in free economy (liberalisation) in future only rich will control the fate of a nation.
by SV on May 12, 2008 03:25 PM Permalink
Well but I don't think a primary education can give a person a good jod & well to do life... so at present society is blocking the paths & means possible for a downtrodden to dream a better way of life...it may blow up one day with Maoist movement...
The middle & lower middle class will now think of other options for highre studies like GATE(for engineering), GRE, XAT or FMS or low cost tier-2 colleges to meet thier ambitions or they will look for other aspect like CA, ICWAI etc. as IIMs are now for elite. It requires will power for a middle class family to take Rs. 11 lacs loan who has still to contruct/purchase a house for his residence. Tell me how many lower middle class people give GMAT and apply to ISB hyderabad, it is for elite only, for charity purpose donating one or two seats in full batch the to poor is just show off to shut the mouth of general public at large.
RE:Hike in fees will demoralise the lower middle class & middle class people to give the CAT exam at first (look at FMS Delhi it is still affordable)
by Farooq Khan on May 12, 2008 10:59 AM Permalink
Not at all!
If you got admission in IIM, any bank even lena-dena bank is eager to give you loan, even SBI has no problem in giving full tuition fee loan to the students.... But for GRE many banks demands for those documents which are difficult to arrange!
RE:Hike in fees will demoralise the lower middle class & middle class people to give the CAT exam at first (look at FMS Delhi it is still affordable)
by SV on May 12, 2008 11:05 AM Permalink
I am a banker only and I know that loan never covers 100% cost of living, food bills, sickness or other contingency happens during the course, study loan will cover course fees and reading material which reflect on paper.. for other things personal loan is required which attracts colletral...if you are lower middle class or poor than all these hasseles will act as a deterrent to you at first
RE:Hike in fees will demoralise the lower middle class & middle class people to give the CAT exam at first (look at FMS Delhi it is still affordable)
by naveen bhatnagar on May 12, 2008 03:35 PM Permalink
i agree and also there are some limits to the educational for institutes in India and the same is for institutes abroad
RE:Blody Arjun sing
by SV on May 12, 2008 10:51 AM Permalink
You are an idiot yaar, the hike in fees is the decision of IIM board not the minister, he actually opposed it...check the facts looks like you are a politian too.
RE:Blody Arjun sing
by Indian on May 12, 2008 11:11 AM Permalink
Dear SV,
You have been quick to brand Pramod an idiot without looking at facts yourself. Here is the real reason for increase in IIM fees - and you can form your opinion whether Arjun Singh is responsible or not.
Fee for MBA has always been a fraction of actual cost incurred by Institute. The programme is subsidized by surplus Institute generates essentially through executive education and consulting. The extent of subsidy would become quite large on implementation of the sixth pay commission%u2019s recommendations. The Board of Governors of IIMA therefore decided that the fee needed to be raised so as to reduce the subsidy and to use the surplus from other activities for the much needed expansion of infrastructure %u2013 classrooms, seminar rooms, dormitories, etc. to deal with the large expansion of MBA programme of the Institute due to reservation to OBCs. (33% increase in seats)Institute has built a new campus over the last few years from its own funds. The Institute has received no grants from the government over the last several years. As a responsible and established institution, IIMA targets remaining financially independent of government support so that the funds available with the government can be used for more needy institutions and programmes.
RE:Blody Arjun sing
by Ram lal verma on May 12, 2008 11:24 AM Permalink
Dear Mr. Indian, How can you manage to provide the education to those who deprived from era.
In olden ages Bhrihamin deprived them to getting uplift. Now other form of deprivation is continued by so called economically riched or upper castes
RE:Blody Arjun sing
by sudeep goenka on May 12, 2008 03:47 PM Permalink
Dear Mr Ram lal Verma
what happenned in old ages has already happened...u can go on beating the drum of old ages in todays world where everybody has equal rights.All the ppl belonging to so called deprived sections of society are now getting education and are placed at high positions...so there should not be any fuss about being down trodden n all that.....Also if a person belonging to reservation category is able to complete graduation, then he cant b considered ad backward....so there shud b no quota at all at masters level...and now that there is quota...the quality of IIMs should not b compromised ..for which fee hike is a neccessity
defining deserving students who were classified earlier as grassroots are still not getting an opening anywhere who have submitted years of hard work to the nation through the institute are still not given any credit due to reasons known to the PMO where mr kamal dayani (ias)is my senior in the school knowing how much sufferings the young generation are going through to get the recognition rewards compensation and rehabilitation with contributions published with a world renowned magazine with minute details having global importance
As I am science student and don't know about management studies. I mean, for IITs,it is justified because they need sofisticated laboratories, intruments and other many more infra-structures more scientifc advanced studies. But what management student needed just books, class roomes, libraries only.
Why they charged huge amount of fees, just because after degree, student get good placement????
RE:can any body tell why they hike the fees structure
by Ram lal verma on May 12, 2008 10:37 AM Permalink
As I am science student and don't know about management studies. I mean, for IITs,it is justified because they need sofisticated laboratories, intruments and other many more infra-structures for scientifc advanced studies. But what management student needed just books, class roomes, libraries only.
Why they charged huge amount of fees, just because after degree, student get good placement????
RE:can any body tell why they hike the fees structure
by jay tripathi on May 12, 2008 10:43 AM Permalink
For management schools getting the world class faculties is most important and this might leading to increase in the fee. -Jay
RE:can any body tell why they hike the fees structure
by Anupam Uppal on May 12, 2008 12:03 PM Permalink
IIM needs world class infra Best tech interface.. Huge lib infra....periodicals from ivy league colleges which has a cost to it.. their prof. are expensive to keep seeing their market demand... external faculty/guest lectures which is coming in regular price can demand a price.....
IIM's/IIT's fees shouldn't be hikeed so much coz other institutions also increased their fees while they are not providing the good placements. Due to these reason, middle class families can't afford this.
RE:IIM's/IIT's fees hike
by Badri Ramanujan on May 12, 2008 10:40 AM Permalink
A fee hike is justified in the premier institutes but what is not right is the timing. It must be announced well in advance (like a year) and not in Mar and implemented in June. Another point to be thought over is the quantum of increase, which seems to be phenomenal. Maybe increasing the fees on a regular basis would be a better idea rather than such jumps in fees, which throws the funding plans of students of out gear. The only silver lining in this is that banks are ready to offer loans. That too not without guarantor, so financially backward students need to seek guarantees from relatives and friends. Maybe all these difficulties are justified, as the students land in good jobs. Let us wait for the committee's report
iim fee hike cannnot be justified.thogh it is claimed that economically weak students will be looked after why these white elephants of highly coveted institutions not show their management skills with a lower fee structure which they teach their students.cannot their be arational for fee increase when the iims are sitting on ahigh corpse of funds. at leas there should be only a very nomical increse of say 5 to 10 percent. the biggest danger is all to watch that even c grade management institutes will jump to iccrese their fee manifold
The decision taken by IIM's/IIT's to hike the fees for the coming academic year is absolutely in the right direction. As the IIM's/IIT's students after completion of the course through placements take a good pay. They can recover the entire fees in fews months. And,also the IIM's/IIT's faculties will aso be compensated for the efforts they put in. Rather then to cry hike in the fees, just well come the decision taken by IIM's/IIT's.
RE:IIM's/IIT's fees hike
by Ram lal verma on May 12, 2008 10:15 AM Permalink
Mr. Rachit Patel, Will you pay intitial fees when student from lower income group get admission
RE:IIM's/IIT's fees hike
by Bhupinder Singh on May 12, 2008 10:22 AM Permalink
Banks are more than happy to give educational loans to these students of IIT / IIM
RE:IIM's/IIT's fees hike
by iron on May 12, 2008 10:35 AM Permalink
WHo said banks are happy. you will be given loan only if your parents have good income....
RE:IIM's/IIT's fees hike
by on May 15, 2008 01:12 PM Permalink
Have you ever tried taking an educational loan? Do you have any idea how IIMs operate? 1. Educational loans just need a guarantor, who is your parent...they do not need collatral, atleast not for IIM fee loans 2. For people from lower income groups, IIMs have a policy of providing financial assistance, which includes full fee waivers I guess, ignorance is bliss.
RE:IIM's/IIT's fees hike
by Anupam Uppal on May 12, 2008 12:10 PM Permalink
go to a bank and ask for a loan...
some of the docs they will ask for is...
Gauranterwho can repay if u deafault(tough to find now days..) 5-10% margin money....50k to 100k.... IT returns.... MOrtgage of land/house if loan is above 7.5 lacs..... life insurance of the person of the amount of loan taken...premium cost 2-3%...add on 30k for 10 lac loan....
so banks are ready to finance but they are choosy as they see in case of any possibilty of client not able to repay the loan due to accident/non performance/expulsion from the insti...
This is the well undertood steps of industrilist or higher caste to deprive lower income group (or lower caste or rural community) from higher education.
RE:well unerstood steps
by on May 15, 2008 01:14 PM Permalink
blah blah blah.....somebody never got into an IIM and never will get into an IIM, and hence all he can do is speak something based neither on logic or on facts
The fees in IIM/IIT should be charged after placements, depending on kind of compensation packages one gets.Till then a kind of indemnity bond can be entered into for liability to pay the fees when placed.If compared with the kind of salaries these graduates from IIT/IIM gets after passing out, the proposed fees is still meagre.
