(News) IIMs will soon grant degree courses to MBA students
The Union Cabinet chaired by the Prime Minister Shri Narendra
Modi has approved the Indian Institute of Management (IIM) Bill, 2017, under
which the IIMs would be declared as Institutions of National Importance which
will enable them togrant degrees to their students.
Following are the salient features of the Bill:
i. IIMs can grant degrees to their students
ii. The Bill provides for complete autonomy to the Institutions, combined with
iii. Management of these Institutions would be Board driven, with the
Chairperson and Director of an Institution which will be selected by the Board.
iv. A greater participation of experts and alumni in the Board is amongst
otherimportant features of the Bill.
v. Provision has also been made for inclusion of women and members from
Scheduled Castes/Tribes in the Board.
vi. The Bill also provides for periodic review of the performance of
Institutions by independent agencies, and placing the results of the same on
vii. The Annual Report of the Institutions will be placed in the Parliament and
CAG will be auditing their accounts.
viii. There is also a provision of Coordination Forum of IIMs as an advisory