Home > News & Trends > IIM > IIT > National - September 18, 2009, by Shahid

Indian Austerity Drive hits IITs & IIMs

The Human Resource Development (HRD) Ministry has issued a directive asking all the IITs, central universities and even autonomous institutions like Indian Institutes of Management to generate additional revenue by increasing the fee.

Central universities and institutes have been asked to revise the fee structure, levy user charges and withdrawal of subsidy in hostel facilities to meet mandatory cuts in non-salary structure. The HRD directive also asks universities to make a 10 per cent cut in plan expenditure in current financial year s quoted in IBN Live.