IIM brand spells high value for money

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IIM-A gives green light to new pay scale

: directions from the outside. He added that the IIMs are not able to attract good faculty. If they have to succeed in this, it is necessary to pay salary comparable to the industry. However, PK Shashtri, director of SLIMS college, Ahmebadad, says, “It is not a brand image that works every time. Not all the students get annual packages of Rs 15-Rs 18 lakh at IIMs. It depends on one’s own capabilities. However, better resources do provide better opportunities,”

As far as 27% reservations for other backward castes (OBCs) is concerned, Chaudhri of IIM-C says, “We will be ready for increasing our intake by 6% of the present sanctioned class size of 300 this year itself. We are expecting that we would have the additional classrooms and hostel rooms for taking in an additional 90 students during 2009-2010 and thereafter an additional 54 students in 2010-2012.” In accordance with the Moily Committee recommendations, IIMs will be required to implement OBC reservation in a phased manner over a period of three years. Pai of Infosys, “The government should not spend the taxpayers' money on funding and creating institutions, but fund a million students annually, through a national scholarship programme also including the OBCs.”

Meanwhile, following in the footsteps of IIMs, the seven IITs, apart from proposing to double their fee to Rs 50,000 plan to implement the 27% OBC quota in accordance with the Supreme Court ruling. IIT-Kharagpur is currently the nodal institute for the IIT-JEE that was held recently. Says Partha Pratim Chakraborty, acting director, IIT-Kharagpur, “IITs, plan to implement the 27% OBC quotas in three phases once it gets the government order starting with 2008-09 academic session.” These elite institutions have exemplified meritocracy in a developing nation and the country will watch to see if there is any dilution of standards.