IIM fee hiked to 11.5 lakhs for two years

IIM Ahmedabad has announced a steep hike of 300 per cent in its fees from this academic session.
Now students will have to pay Rs 11.5 lakh for a two-year course, compared to the earlier fee of Rs 4.5 lakh. 
A week ago, IIM-Bangalore had also proposed to hike its fee by 75 per cent, but it was not approved by the Centre.
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