The premier Indian Institute of Management in Bangalore, IIM-B has announced its decision to hike fees to Rs 4 Lakh for its next academics year 2008-09.

"We have decided to hike the fee from Rs 2.5 lakh to Rs 4 lakh for 2008-09," said IIMB directorfollowing a meeting of the Board presided by its chairman Mukesh D Ambani. For those students who would be going into the second year (2009-10) will have to pay Rs 5 lakh as fee.

According to the board, the  increasing infrastructure has been cited as the main reasons for the fee hike.
--MP