IIMs likely to stay autonomous as the bill gets redrafted
NEW DELHI: Gover ning bodies of the Indian Institutes of Management ( IIMs) may yet retain their autonomy as the controversial IIM bill has been redrafted to modify certain clauses that the boards argued would curtail their powers.
Doing away with contentious issues like seeking the Centre’s approval on a range of functions, including increasing of the fee structures and changes in regulations, the new draft comes as a huge relief for the IIMs. The bill has now been listed for the ongoing session of the Parliament.
The revised draft of the bill — which was circulated among different ministries for comments this week — also retains with the governing bodies the power to make crucial decisions on appointment of academic and administrative staff as well as manner of formation of academic departments.
The revisions were made to three key sections of the bill.
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