IIM bill to be
introduced in Lok Sabha today
The Lok Sabha
has listed the IIM bill for introduction on Thursday, the last
day of the first phase of the budget session.
The Union government will introduce the much-anticipated Indian
Institute of Management (IIM) bill 2017 in Parliament on
Thursday to grant “complete autonomy” and statutory status to
the elite business schools.
The Lok Sabha has listed the IIM bill for introduction on
Thursday, the last day of the first phase of the budget session.
“Shri Prakash Javadekar (human resource development minister)...
to introduce a bill to declare certain institutes of management
to be institutions of national importance with a view to empower
these institutions to attain standards of global excellence in
management, management research and allied areas of knowledge
and to provide for certain other matters connected therewith or
incidental thereto,” the Lok Sabha said in a notice on its
The bill was approved by the cabinet on 24 January but the IIMs
say they are yet to see a final copy of it.
Representatives of the four older IIMs (Ahmedabad, Calcutta,
Bangalore, and Lucknow) have said they would like to see details
of the IIMs Coordination Forum that the bill talks about; the
fear is that the HRD ministry could seek to control them through
Although the HRD minister is not on the forum, its head will be
selected by a government committee. “We need to see the final
shape of the bill to believe that the government means what it
is saying on autonomy,” said a professor at one of the four IIMs
on condition of anonymity.
The bill seeks to give “complete autonomy” to the IIMs in terms
of administration, recruitment and daily functioning. It also
gives them statutory status. Currently, the IIMs function as
societies. Once the bill becomes an Act, it will also allow the
IIMs to grant degrees instead of diplomas. It also provides for
each IIM being managed by its board with little interference
from the HRD ministry. In order to instill accountability, the
bill will allow CAG to audit IIMs.
India has 20 IIMs.
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