Exams - passing criteria !!! :/

IPSA ;) ($) (611 Points)

27 September 2011  

Has the passing criteria changed for CA Exams !??

Yesterday one of my friends messaged me that the Institute has announced that from May 2012 exams passing with 50% or above in individual subjects and 60 % or more on aggregate will be qualified as PASS !!!

Is that so ?

I checked in the Institute's website also... but i could not find any announcement/ notification regarding the same... !?!