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To regulate a fee at the national level, a government-appointed committee, headed by former Supreme Court judge BN Srikrishna, has recently recommended a ceiling on the tuition fee charged by all private institutions for technical courses such as MBA and engineering.
The ten-member panel has suggested the maximum (tuition and development) fee for a two-year MBA course in the range of Rs 1.57 lakh to Rs 1.71 lakh per annum, depending on the location of the private institution.
The upper limit for the four-year engineering degree (BE or B.Tech) has been fixed in the range of Rs 1.44 lakh to 1.58 lakh every year. It has also advised the maximum fee for technical courses such as B.Arch, B.Pharma, MCA and M.Tech.
The Justice Srikrishna committee was set up by the All India Council for Technical Education (AICTE) to honour the Supreme Court’s direction in the TMA Pai Foundation case.
AICTE Chairman Anil Sahasrabudhe confirmed that the regulatory body has received the report of the committee headed by BN Srikrishna. “We have submitted the whole report to the HRD Ministry and it is under consideration. They may consult experts and stakeholders to get their views on the suggestions,” he told The Indian Express.
If the recommendations are accepted, all private institutions taking more than the prescribed fee limits will have to fall in line. The report makes an exception for institutions of excellence by allowing autonomous and accredited ones to charge another 10 per cent and 20 per cent additional tuition fee from the students, respectively. AICTE officials are tight-lipped about what will happen to top institutes whose fee structure exceeds the maximum limit even after factoring in the exception made for excellence.