IIM act in the offing
September 27th, 2007
Following are excerpts from a Hindustan Times report on this.
The government on Thursday said it was formulating a law to empower the premium Indian Institutes of Management (IIMs) to offer degrees like universities without curtailing their autonomy.
"The government has been examining the issue of bringing the IIMs in the country under an umbrella legislation like the Institutes of Technology Act. It will empower the IIMs to award degrees to students, which they are not competent to do at present," the human resource development (HRD) ministry said in a statement.
"It may be clarified that bringing the IIMs under the ambit of a central law will in no way alter their accountability to parliament or their status of being public institutions," it said.
India has six IIMs at Ahmedabad, Kolkata, Bangalore, Lucknow, Khozhikode and Indore, providing industry-oriented postgraduate diplomas and executive certificate programmes.
…Though the IIMs at Ahmedabad, Kolkata and Bangalore are not dependent on government funds for their day-to-day operational expenses, it does not compromise their status of being public institutions. However, it is being proposed that funds be given to them for future expansion.
Entry Filed under: Odisha, others and the center,Other Management institutions and programs