Is 75% attendence necessary in IITs and NITs?

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Students reach these colleges after so many efforts. We can't question their knowledge and intelligence. These colleges are hub of future innovators. Why should they be forced to attendence a class for mere sake of attendence. Attendence should be restricted to LABs and attendence should be only started after mid sems exams for the student getting marks less than (say) 60%. It can further improve academics result as well. Further it will make these institutions to make classes more innovative.