Sources have stated that IIM will now be able to function with the status of 'complete autonomy' as the Union cabinet on Tuesday cleared the Indian Institutes of Management (IIM) Bill, 2017 to grant to the elite B-schools autonomy and let them to issue degrees instead of diplomas like how they are doing now.



Meanwhile a tweet from Frank Noronha, chief spokesperson of the government after the meeting has tweeted, "The IIM bill, under discussion for the past four years, will grant the premier management schools autonomy is terms of administration, recruitment and daily functioning."

Image result for IIM

Earlier the government used to keep giving suggestions to the B Schools and had the authority to either accept or reject proposals. This also involved cases like the appointment of directors and the chairman of the board of governors. Initially there were mixed reactions for the bill as people feared that it would erode the autonomy of these colleges.



Nevertheless, there was an intervention by the prime minister's office and the HRD ministry has made changes to the draft, accommodating most of the demands of the elite schools. Some of the major concerns such as the composition of IIM boards, selection of board chairmen and course fees, will now be decided by the IIMs with little interference from the ministry.


మరింత సమాచారం తెలుసుకోండి: