IIM-Calcutta hikes fees by 50 per cent
The fee hike was finalised at a meeting of the board of governors of the institute, board chairman Ajit Balakrishnan said.
The hike was necessary to cope with the increased expenditure in infrastructure, greater faculty allocation and spending in research related activities, he said.
The hiked fee would be at par with that of IIM Ahmedabad and IIM Bangalore.
Balakrishnan said the additional funds will also be utilised to give fee waiver to more students.
The institute offers fee waiver to around 10 percent of students who fail to arrange the funds for the course.
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