The 'honor' goes to the editorial team at Mint for inserting this piece of cluelessness in its editorial on Liberating Our Universities:
... Professors [at IITs] cannot get more pay than bureaucrats. [...]
Go to any IIT / IIM, you'll hear stories about consulting superstars who bring in tons of money to the institution -- and to themselves. Legally.
The number of such superstars may be small -- and as a favour to the rest of us, they do maintain a modest lifestyle! But here's the thing: this route to the riches is available, not just to a chosen few, but to every faculty member.
The system has these superstars and allows them to flourish. Mint editorial is clueless in suggesting otherwise.