hello ppl..
im so happy to see that on these forums..u ppl r so good, concerned. thanks alot for your precious time and advices.
talking about IMI- if i get thru indore, IMI will just keep 25000rs and will refund me 105000 by may1st. so in that case, i will just be losing 110000.
well..as my friend said that 1lac is not a small amount, i know that, but my point was that shelling extra 85000 extra for IMI worth or not>>>>???
and still im getting different answers.
well..at the end of the day, i dont want that im struck wid an institute which is not at par with what i could have got.
and now talking about one of you- a kind soul to send me the thread for WITHDRAWL OF MONEY, well i feel that thats not the possible case for FORE since they clearly mentioned in the offer letter that the entire amount is non-refndable.
so its for sure, that i will be losing atleast 85k if i take admission into IMI or indore. still, i will call up FORE tomorrow morning and will talk about the govt order regarding the same.
and yes, can u ppl state the hic package at fore as well as imi in FINANCE
thanks a lot ppl. you were really of immense help.
goodnight!
see the following news from economic times-
it's applicable to AICTE institutes and FORE is affiliated to AICTE....so don't worry.
IIM admission: Don't worry, you can wait now[IMG]http://economictimes.indiatimes.com/images/spacer.gif[/IMG]
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URMI A GOSWAMI
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TIMES NEWS NETWORK[IMG]http://economictimes.indiatimes.com/images/spacer.gif[/IMG][ SUNDAY, APRIL 22, 2007 12:55:37 AM]var msid=1935808var mstatus = false;var sUser, cookiestring;function getCookievalue(strcookie){ var ipos = cookiestring.indexOf(strcookie); var ipos2 = cookiestring.indexOf(';',ipos); if (ipos != -1) { if (ipos2 == -1) ipos2 = cookiestring.length; return unescape(cookiestring.substring((ipos+strcookie.length+1),ipos2));} }try{document.domain='indiatimes.com';cookiestring= document.cookie;cookiestring = cookiestring.toLowerCase();sUser = getCookievalue('commlogu');sUserLength = sUser.length;if (getCookievalue('cmssso') =='true') {mstatus=true;}}catch(er) {cookiestring=' '; sUserLength=0;}try{if ((sUserLength > 0) && (mstatus == true) ){}else{/*document.write('
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NEW DELHI: There is respite for the nearly 5,000 students hoping for a berth in the Indian Institutes of Management (IIM). Moving beyond rhetoric of concern for students, the government has now put in place a system that will safeguard students from losing money should they decide to take up admission in another B-school as a fallback while they wait for the IIM admission list.
The government has directed the All India Council for Technical Education (AICTE) to ensure that institutions do not use the opportunity that has presented itself to make money. The AICTE has asked all technical education institutions, universities and deemed universities providing technical education, that is managment, engineering, pharmacy, architecture, to only charge a maximum of Rs 1,000 from students who withdraw from a course before the academic session begins.
While the AICTE directive is applicable for all technical courses, its students opting for management education that will require the protection it provides the most. The IITs, NITs have just begun their admission processes, while central universities are yet to begin the process. The government expects that a decision on the future of the implementation of the 27% reservation quota will be taken by the apex court long before these institution reach the final stage of their admission process.
The directive will be applicable to over 1,400 B-schools which include top ranking institutions like NMIMS University ( Narsee Monjee institute of Management Studies), Jamnalal Bajaj School of Managment Studies, XLRI Jamshedpur, Loyola Institute of Business Administration, TA Pai Managment Institute.
The decision by the IIMs to hold their final admission list in abeyance till they receive a directive from the government will mean that as many as 5000 students will have to make alternative arrangments to avoid losing a year. Only 1350 students will be finally admitted to the IIMs. Unlike the central educational institutes, private institutions can go ahead with their admission process. Under normal circumstances, students who dont make it to the IIMs would seek admission in these schools. However, with the wait for the final list getting longer, it would seem most of the nearly 5000 students who were called for interviews at the six IIMs would seek admission in a private B-school as a fallback measure.
While this may sound simple, in practice it will mean paying up fees which are anywhere between Rs 70,000 to Rs 2 lakh and submitting original certificates. What has been happening is that when a student withdraws from the course, they end up having to forfeit the years fees. This was one of the reasons cited by the IIMs when they set April 21 was a the date for announcing their admission list.
The AICTE has clearly said that in the event of a student/canditate withdrawing before the starting of the course, the wait listed candidates should be given admission agaisnt the vacant seat. The entire fee collected from the student after a deduction of the processing fee of not more than Rs 1000 shall be refunded and returned by the institution/university to the student/candidate withdrawing from the programme. It will not be permissible for institutions and universities to retain school/institution leaving certificates in original.
The government has in its effort to protect the student from financial loss, also been even handed with the institutions. To ensure that the private education providers dont incure financial losses, the AICTE directive states, should a student leave after joining the course and if the seat consequently falling vacant has been filled by another candidate by the last day of admission, the institution must return the fee collected with proportionate deductions of monthly fee and proportionate hostel rent, where applicable.
The move will come as a relief to students who were faced with the possible loss of an academic year or with financial losses in light of the Fridays decision by the IIMs to wait before the admission list was declared. The AICTE has said that violations of the instructions would mean punitive action including withdrawal of approval and recognition. Violations can be reported to the AICTE, but given the nature of the directive, which has been issued as a public notice, it is likley that legal action could ensue in the event of a violation.
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