MBA Admissions 2020-21

MBA Admissions 2020-21

Cabinet okays full autonomy for IIMs

PUBLISH DATE 25th January 2017

The Cabinet on Tuesday cleared a bill to grant the prestigious Indian Institutes of Management (IIMs) complete autonomy to run their affairs and award degrees to their graduates. Once the bill is passed by Parliament, all 20 IIMs will be declared `institutions of national importance'.

The Indian Institutes of Management Bill, 2017, does away with the government's role in running the premier business schools. All powers will be vested in 15-member boards at every IIM. Also, the bill has no provision of reservation in faculty jobs except stating that the recruitment policy should be inclusive.However, reservation in admission for SCsSTsOBCs will be as per existing norms. The move comes after months of wrangling between the HRD ministry and the Prime Minister's Office on the bill's autonomy provisions.

The Cabinet cleared the bill in the absence of HRD minister Prakash Javadekar. Sources close to him said Javadekar had a phone conversation with PM Narendra Modi and had taken leave of absence for his son's wedding in Pune. However, a former cabinet secretary said,