Folks, I know this is a question too early to be asked, but I couldn't care less

What is the fees charged to you guys currently in the I year there? The web page at SIIB website says 3.8 lakhs per annum. That amounts to 7.6 lakhs together of two years. Read:
Fee Structure
I'd read somewhere in this forum that last year the first installment was 1.3 lakhs and the total fees was like 4.5 Lakhs of 2 years.
Please clarify, and if the fees has been hiked by such a high amount, the n what is the reason behind that? is there anything special which the institute is going to provide over last 2-3 years' batches? Or this fees is for the brand name and placements only?