Financial Daily from THE HINDU group of publications
Tuesday, Feb 10, 2004
Financial Daily from THE HINDU group of publications Tuesday, Feb 10, 2004 |
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Industry & Economy
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Education Govt `price control' comes under fire Our Bureau
Mumbai , Feb. 9 SHOULD the Government be regulating the fee structure for Indian Institute of Managements and other B-schools in India? The Government's penchant for `price control' at the management studies level has come in for criticism from the All-India Management Association (AIMA). "The idea of placing price restrictions on fees at IIMs is retrograde," Mr R. Gopalakrishnan, President, AIMA, and Executive Director, Tata Sons, said. The Union Minister for Human Resources, Mr Murli Manohar Joshi, announced a drastic reduction of fees charged by IIMs and other management schools in the country. According to Mr Gopalakrishnan, the issues germane to management studies in the country are being overlooked. "Fee is not the real issue. There are other pressing issues like the content of these courses," he said on the sidelines of an AIMA-Bombay Management Association function, `Shaping young minds.' A decade ago, management schools, especially the IIMs, were asked to `fend for themselves,' he said. Management students at the function also were of the opinion that reduction of fees does not augur well for the quality of management education. "Such drastic reduction in fees would mean a drop in the number of facilities that a management student enjoys. There is a lot of money involved in getting guest lecturers, computer facilities and good faculty. Obviously, this is going to impact the quality of students in the future," said a student of Welingkar Institute of Management. The Government's argument has been that education must be within the reach of every Indian. The Ministry officials have stated that the Government is ready to fill the gap in financial position that IIM would find itself in. On this point Mr Gopalakrishnan says that the Government should be subsidising primary education rather than management education. AIMA is planning to send a memorandum against the reduction in fees to the Government.
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