Lucknow: In a first, the Indian Institute of Management (IIM) Lucknow on Friday reduced the fees for its post-graduate programme in management for the academic term 2013-2015. The IIM's director Devi Singh said the fees were being slashed by 10 per cent from the current Rs 12 lakh to Rs 10.8 lakh.
The fee for the same course at IIM Bangalore is Rs 17 lakh and Rs 16.6 lakh at IIM Ahmedabad, officials said. IIM Lucknow has not hiked any fee since 2011. "In the last nine years, the institute's impetus has been on efficient financial management and broad-basing our revenue sources. We have been successful in achieving this," Singh said.
JJ Irani, chairman of IIM Lucknow's board of governors, said, "In today's environment, when education is becoming costlier, IIM Lucknow would like to take a lead. This decision will help many needy students to undertake education at institutions like ours."
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Name: Tata Steel Why they won: For operating with a higher organisational purpose beyond just maximising profits. For aligning the interests of multiple stakeholders - customers, employees, partners, investors, the community and the environment. For successfully balancing doing well with doing good. It was the early 1990s and Prime Minister PV Narasimha Rao had invited the countrys top industrialists to Delhi for an informal chat. The Tata group was represented...
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