The Hindu Business Line : IIM fee slash a retrograde step: Murthy

"IT is a retrograde step, a momentous decision taken without analysis," said Mr N.R. Narayana Murthy, Chairman and Chief Mentor, Infosys, of the recent fee slash for IIMs. In his opinion, nobody should come in the way of these institutes of higher learning, which are progressing well.

He was speaking after receiving the `The Most Admired Business Leader' award by brand-comm, a Bangalore-based advertising and brand consulting company.

Mr Narayana Murthy, who's also the Chairman of the Indian Institute of Management, Ahmedabad, indicated that there has been a sense of anger and disappointment against the institute after it refused to sign an MoU with the Government last year which would have restricted the former from starting any new activity without the permission of the Government.

Prof Prakash G. Apte, Director, IIM, Bangalore, who presented the award to Mr Narayana Murthy, said, "The Government has so far never interfered in any of our activities." This crisis is partly due to a difference of opinion about access to the IIMs.In this context, he stressed, "Not one student has given up an IIM seat because of lack of monetary resources."

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