IIMs will be autonomous, yet accountable

Cabinet approves Indian Institute of Management Bill, 2017. IIMs to be declared as Institutions of National Importance

GN Bureau | January 24, 2017


#IIM   #Union Cabinet   #Indian Institute of Management   #Institutions of National Importance  


 Indian Institutes of Management will now be able to grant degrees to their students.
The union cabinet chaired by prime minister Narendra Modi has approved the Indian Institute of Management (IIM) Bill, 2017, under which the IIMs would be declared as Institutions of National Importance.

Read: “We should be challenging Harvard in 10 to 15 years”

IIMs are the country's premier institutions imparting best quality education in management on globally benchmarked processes of education and training in management. All IIMs are separate autonomous bodies registered under the Societies Act.
Being societies, IIMs are not authorized to award degrees and, hence, they have been awarding Post Graduate Diploma and Fellow Programme in Management. While these awards are treated as equivalent to MBAs and PhD, respectively, the equivalence is not universally acceptable, especially for the Fellow Programme.

Read: Are IIMs world-class?
 

Salient features of the IIM Bill:
 

  •        IIMs can grant degrees to their students

 

  •        The Bill provides for complete autonomy to the Institutions, combined with adequate accountability.

 

  •         Management of these Institutions would be Board driven, with the Chairperson and Director of an Institution which will be selected by the Board.

 

  •      A greater participation of experts and alumni in the Board is amongst other important features of the Bill.

 

  •      Provision has also been made for inclusion of women and members from Scheduled Castes/Tribes in the Board.

 

  •      The Bill also provides for periodic review of the performance of Institutions by independent agencies, and placing the results of the same on public domain.

 

  •     The Annual Report of the Institutions will be placed in the Parliament and CAG will be auditing their accounts.

 

  •      There is also a provision of Coordination Forum of IIMs as an advisory body.

Comments

 

Other News

Media trial a dangerous trend: Aryama Sundaram

There is a danger in media doing trials of ongoing cases and this must be stopped, says senior advocate Aryama Sundaram. He castigated media trials and said nowadays in media while a case is going on you have debates where people are discussing what is right and what is wrong, which way the

PM launches Ayushman Bharat Digital Mission

 Prime Minister Narendra Modi has launched the Ayushman Bharat Digital Mission. Speaking at the launch, the Prime Minister said that the campaign of strengthening health faci

Want to learn the art of politics? There’s a course for it

Twenty-five youngsters with dreams of becoming political leaders – or of contributing meaningfully to governance processes – have begun their exciting journey, in a formal setting of an education institute. The Indian Institute of Democratic Leadership (IIDL), of the Rambhau Mhalgi Prabodhini (

Making sense of facts – and alternative facts

The Art of Conjuring Alternate Realities: How Information Warfare Shapes Your World By Shivam Shankar Singh and Anand Venkatanarayanan HarperCollins / 284 pages / Rs 599 Professor Noam Chomsky, linguist and public intellectual, has often spoken of &ls

The Manali Trance: Economics of Abandoning Caution in the Time of Coronavirus

The brutal second wave of the COVID-19 pandemic in India has left a significant death toll in its wake. Health experts advise that the imminent third wave can be delayed by following simple measures like wearing a mask and engaging in social distancing. However, near the end of the second wave, we witnesse

Govt considers fixing driving hrs of commercial vehicles

Union Minister of Road Transport and Highways Nitin Gadkari has emphasised deciding driving hours for truck drivers of commercial vehicles, similar to pilots, to reduce fatigue-induced road accidents. In a Na

Visionary Talk: Aryama Sundaram, Senior Advocate on Governance & Judiciary


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter