Murthy denies IIM-A rejected Central grants

NR Narayan Murthy, chairman of the Indian Institute Of Management, Ahmedabad, yesterday described as 'incorrect' reports that the institute had rejected grants from the Centre.

"This is incorrect. Firstly, no decision has yet been made whether to seek grants for the next year or not," he said in a statement here.

"IIM-A owes its current pre-eminent status to the wisdom, encouragement and extraordinary support that it has received from successive ministers and bureaucrats of the ministry of human resources development. IIM-A has never been, and will never be so arrogant as to 'reject' the help of a well-wisher like the human resources development ministry," Murthy said.

"It is a well-known fact that the admissions at IIM-A are 'need-blind'""no student who has been found worthy of admission has ever had to forfeit his/her admission for want of funds," he said.