April 26, 2024 02:23 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Justice MB Snehalatha takes oath as additional judge of Kerala High Court | NIA arrests key accused in pro-Khalistani attack on Indian Mission in London | Plea filed in Calcutta HC seeking action against Mamata Banerjee's 'judges purchased' remark | LS polls: 88 seats across 13 states, UTs going to polls tomorrow for phase 2; 1202 candidates in fray | 'Neither shocked nor surprised': Mallikarjun Kharge writes open letter to PM Modi over Congress manifesto row
IIMs to be declared as Institutions of National Importance

IIMs to be declared as Institutions of National Importance

India Blooms News Service | | 24 Jan 2017, 07:01 pm
New Delhi, Jan 24 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi on Tuesday approved the Indian Institute of Management(IIM) Bill, 2017, under which the IIMswould be declared as Institutions of National Importance which will enable them togrant degrees to their students.

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

A greater participation of experts and alumni in the Board is amongst otherimportant features of the Bill.

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.

Indian Institutes of Management are the country's premier institutions imparting best quality education in management on globally benchmarked processes of education and training in management.

IIMs are recognized as world-class management Institutions and Centers of Excellence and have brought laurels to the country. 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 Ph.D, respectively, the equivalence is not universally acceptable, especially for the Fellow Programme.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.