New Delhi: The Standing Committee of IIT Council has approved a proposal for a three-fold hike in annual fees of IITs from the present Rs 90,000 on Thursday.
Another key recommendation made by the panel was that the proposed new entrance examination designed to test the aptitude conducted by a National Authority of Test (NAT) should be held from 2017 academic year.
However, a final decision on the two issues will require the approval of Union Human Resource Development Minister Smriti Irani.
It is understood that the SCIC, a body comprising IIT directors and senior officials, in a meeting adopted the report presented earlier by a sub-committee headed by IIT Bombay Director Devang Khakhar which had suggested hiking fees to Rs 3 lakh and also recommended multiple sources of financing for the IITs.
It is learnt that the sub-committee has been asked to consider if proposed fee hike should also be applied to students studying at Post-Graduate level as they are studying on a fellowship basis.
Once the recommendations of the SCIC are accepted, the fees of foreign students would be raised from the current annual USD 4000 to USD 10,000.
