
50% fee cut in Karnataka government engineering colleges for low-demand streams
The annual fee for government engineering colleges affiliated with Visvesvaraya Technological University (VTU) and the University of Mysore has been fixed at Rs44,200. UVCE students will pay Rs49,600 annually, which includes a tuition component of Rs32,000.In private colleges, aided courses will follow the government fee slab of Rs44,200. However, unaided courses will have two tiers of fees — Rs81,800 or Rs91,000 — depending on the category of the COMED-K seat allotted.Importantly, for private unaided colleges, any additional or "other" fees charged must be capped at ?20,000 per year and publicly disclosed on college websites to ensure full transparency.CONCESSION FOR LOW-DEMAND BRANCHESTo boost enrolment in certain core branches that have seen declining interest, the government has offered a 50% fee concession in government colleges for the following courses:Mechanical EngineeringTextile TechnologyAutomobile EngineeringSilk TechnologyCivil EngineeringThe move is aimed at reviving student interest in these traditionally significant disciplines.NRI AND MANAGEMENT QUOTA CAPSStrict limits have been placed on the number of seats allocated under the NRI and Management categories. Non-minority colleges can only offer up to 25% of their seats under these quotas, while minority institutions may extend this to 30%. This restriction is intended to protect merit-based admissions and discourage the misuse of high-fee quotas.PENALITIES FOR NON-COMPLIANCEIn a strong push for accountability, engineering colleges that fail to report surrendered, or vacant seats will face severe financial penalties. The penalty could go up to five times the regular fee for each unreported seat, a move meant to curb manipulation and enforce proper seat surrender procedures.- Ends
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Business Standard
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- Business Standard
Think inheritance is tax-free? Here's what NRIs need to watch for in India
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Mint
8 hours ago
- Mint
ED raids multiple Mumbai properties linked to Anil Ambani, says ‘well-planned scheme to siphon off public money'
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Mint
9 hours ago
- Mint
Reliance Power, Reliance Infrastructure shares hit 5% lower circuit after ED raids properties of Anil Ambani
Reliance Infrastructure and Reliance Power shares tumbled over 5% each in intraday trade on Thursday, July 24, after media reports surfaced about raids by the Enforcement Directorate (ED) in connection with an alleged ₹ 3,000-crore bank loan fraud involving Anil Dhirubhai Ambani Group companies and Yes Bank. According to PTI, the ED conducted simultaneous searches at more than 35 premises across Mumbai and Delhi, covering around 50 companies and 25 individuals. The raids are part of a money laundering investigation under the Prevention of Money Laundering Act (PMLA). Citing sources, PTI reported that the agency is probing allegations of illegal loan diversion between 2017 and 2019. ED officials suspect that Yes Bank promoters received funds in their related concerns just before loan disbursement to ADAG companies, indicating a possible quid pro quo or 'bribe-for-loan' nexus. Further, the ED is looking into alleged procedural violations such as backdated credit approval memorandums, investments made without due diligence, and deviations from Yes Bank's internal credit policy. The money laundering case is based on two CBI FIRs and inputs from multiple agencies, including SEBI, the National Housing Bank, the National Financial Reporting Authority (NFRA), and Bank of Baroda, the report added. State Bank of India has classified Reliance Communications, along with promoter director Anil D. Ambani, as 'fraud' and is also in the process of lodging a complaint with CBI, Parliament was informed on Monday, as reported by PTI. The entities were classified as fraud on June 13, 2025, in accordance with the RBI's Master Directions on Fraud Risk Management and the bank's Board-approved Policy on Classification, Reporting & Management of Frauds, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Lok Sabha. "On June 24, 2025, the bank reported the classification of fraud to RBI and is also in the process of lodging a complaint with CBI," he said. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.