Indian_Institutes_of_Management_Act,_2017

Indian Institutes of Management Act, 2017

Indian Institutes of Management Act, 2017

Act of the Parliament of India


The Indian Institute of Management Act, 2017 (IAST: Bhāratīya Prabaṃdhana Saṃsthāna Adhiniyama, 2017) is an Indian legislation. The Act declared the Indian Institutes of Management as institutions of national importance and enabled them to offer degrees and further make substantial changes in their administration.

Quick Facts The Indian Institutes of Management Act, 2017 Bhāratīya Prabaṃdhana Saṃsthāna Adhiniyama, 2017, Parliament of India ...

Premise

The bill was approved by the Union Cabinet on 24 January 2017.[2][3][4]

The Act was introduced as a bill in Lok Sabha by the Minister of Human Resource Development, Prakash Javadekar, on 9 February 2017. The bill was passed by the Lok Sabha on 28 July 2017,[5] and by the Rajya Sabha on 19 December 2017.[6][7] After receiving the President's assent, the bill became an Act on 31 December 2017.[8][9][10]

Provisions

The Act declares Indian Institutes of Management as institutions of national importance and grants them the power to give degrees.[7][9][11][12][13]

Board of governors

The Act provides for the creation of a boards of governors, which would act as the principal executive body for each IIM, and would appoint one director for each IIM, whose pay is 225,000 in seventh pay commission but who is entitled to a variable pay.[11][12][13]

The board of governors would have a maximum of nineteen members including one chairperson of the board; a nominee each from central and state governments; two members of the faculty; four eminent personalities from fields including education and industry, one of whom has to be a woman, and; the director of the institute.[11][12][13]

Academic council

The Act provides for the creation of an academic council for each IIM, which is the principal academic body under the act and which would decide the: (a) academic content; (b) criteria and processes for admissions to course; and (c) guidelines for conduct of examinations.[11][12][13]

The academic council would comprise: (a) the director; (b) deans in charge of academics, research, student affairs and other such functions of the institute; (c) chairs and coordinators of various areas, programmes, faculties, centres, departments and schools of the institute; (d) all full-time faculty members at the level of professor and; (e) members, by invitation of the board — on the recommendation of the director — who are eminent in the fields of industry, finance, management, academics and public administration.[11][12][13]

Coordination forum

The Act provides for the creation of a coordination forum, which would discuss matters pertaining to all IIMs.[11][12][13]

The coordination forum would comprise: (a) Higher Education Secretary (ex-officio); (b) two secretaries in charge of management education of state governments in which the institutes are located, by rotation, each year (ex-officio); (c) four chairpersons of institutes, to be nominated by the chairperson of the coordination forum, by rotation for two years; (d) the director of each institute (ex-officio); (d) five eminent personalities—of whom one has to be of a woman—in the fields of academia and public service.[11][12][13]

The bill also proposes to incorporate many other changes like audit of institutes by the Comptroller and Auditor General of India.[11][13]

Aftermath

Even after the commencement of the Act, not all IIMs granted degrees in the first year of its commencement.[14] IIM Lucknow, IIM Ranchi, IIM Rohtak and IIM Ahmedabad granted postgraduate diplomas,[14][15] whereas IIM Bangalore, IIM Calcutta, IIM Indore, IIM Udaipur, IIM Visakhapatnam granted degrees.[14][16][17][18]

In March 2018, IIMs were told at a meeting with HRD ministry that the Act only empowered them to grant degrees for courses with duration of two years or more.[19][20] Further, the ministry told the institutes that, for them to confer degrees not mentioned in the University Grants Commission Act, 1956, the institutes would have to seek the government's permission.[21] IIMs were also asked to chalk up their action plan and outline their long term strategy.[22]


References

  1. Nanda, Prashant K. (24 January 2017). "Cabinet approves bill to make IIMs autonomous". Live Mint. New Delhi: HT Media Ltd. Retrieved 3 March 2018.
  2. "Cabinet approves IIM Bill 2017". The Indian Express. New Delhi. Express Web Desk. 24 January 2017. OCLC 70274541. Retrieved 2 March 2018.
  3. "Parliament live updates: Lok Sabha passes IIM Bill". The Hindu. The Hindu Net Desk. 28 July 2017. ISSN 0971-751X. OCLC 13119119. Retrieved 2 March 2018.
  4. Nanda, Prashant K. (19 December 2017). "IIM Bill approved for more autonomy to Indian Institutes of Management". Live Mint. New Delhi: HT Media Ltd. Retrieved 3 March 2018.
  5. Roy, Shobha (1 January 2018). "IIMs initiate talks on common regulations". Business Line. Kolkata: The Hindu. ISSN 0971-7528. OCLC 456162874. Retrieved 3 March 2018.
  6. Rao, Nivedita; Suhag, Roopal (30 March 2017). "Legislative brief - The Indian Institutes of Management Bill, 2017" (PDF). PRS Legislative Research. New Delhi. Retrieved 2 March 2018.
  7. Rao, Nivedita (28 February 2017). "Bill summary - The Indian Institutes of Management Bill, 2017" (PDF). PRS Legislative Research. New Delhi. Retrieved 2 March 2018.
  8. "Summer job boom for IIM-R". The Telegraph. Ranchi. Our Correspondent. 26 March 2018. OCLC 271717941. Archived from the original on 2 April 2018. Retrieved 2 April 2018.
  9. Rao, Umamaheswara (30 March 2018). "In a first, IIM-V students awarded MBA degrees instead of diplomas". The Times of India. Visakhapatnam. OCLC 23379369. Retrieved 2 April 2018.IIM Calcutta, IIM Calcutta (21 March 2019). "IIM-Calcutta set to award degrees for the first time". IIM Calcutta. Retrieved 19 June 2020.
  10. "IIMs can offer MBA only for 2-year course". Times Now. New Delhi. Times Now Digital. 15 March 2018. Retrieved 2 April 2018.

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