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Why this late realization?
by T.T.Niranjan on Apr 26, 2007 12:07 PM

1. "IIMs should be granted autonomy"
It is easy to say that now. Let's not forget that 30-40 years ago the state (with citizens' money) created these great institutions, granted 100s of acres of prime land, lent them full financial assistance (which could have funded 100s of primary schools) etc. with the vision that the IIMs will remain rooted to social commitments. Now that the IIMs no longer need government support they can't simply wash off their hands.
2. "IIM grads walk out with offers of 40-50 lakhs, so let them take loans"
By that logic, IIMs should be charging 10-15 lakhs as fees. Why are they subsidising it to 5-6 lakhs? Because of some social realities. Don't we know many banks refuse loans to the really needy ones if they don't have sufficient collateral?

I am not supporting reservations in the current form, but I feel the opposition to it is not well founded.

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The above message is part of the Discussion Board:
IIMs: India Inc seeks autonomy