Panel suggests fee hike in IITs to ₹3 lakh
A committee constituted to examine the financing pattern of the IITs has recommended an increase in the average annual fees to ₹3 lakh from the current ₹90,000, a Financial Express report said. The committee also suggested a ₹2,000 crore fund be set up as a Non-Banking Finance Company (NBFC), to reduce dependence on the government for funds, the report added.