Indian Institutes of Management Act, 2017

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The Indian Institutes of Management Act, 2017
Template:Transl
State Emblem of India
State Emblem of India
Parliament of India

Script error: No such module "collapsible list".

Citation
Territorial extent

Whole of India

Enacted by
Passed

28Template:NbspJuly 2017

Enacted by
Passed

19Template:NbspDecember 2017

Assented to
Commenced

31Template:NbspJanuary 2018

Effective

31Template:NbspJanuary 2018[1]

Legislative history
Status: In force

The Indian Institute of Management Act, 2017 (IAST: Template:Transl) 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.Template:What

Premise

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

The Act was introduced as a bill in Lok Sabha by the Minister of Human Resource Development, Prakash Javadekar, on 9Template:NbspFebruary 2017. The bill was passed by the Lok Sabha on 28Template:NbspJuly 2017,[5] and by the Rajya Sabha on 19Template:NbspDecember 2017.[6][7] After receiving the President's assent, the bill became an Act on 31Template:NbspDecember 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 board of governors, which would act as the principal executive body for each IIM, and would appoint oneTemplate:Nbspdirector 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 nineteenTemplate:Nbspmembers including oneTemplate:Nbspchairperson of the board; a nominee each from central and state governments; twoTemplate:Nbspmembers of the faculty; fourTemplate:Nbspeminent personalities from fields including education and industry, oneTemplate:Nbspof 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 principle 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) twoTemplate:Nbspsecretaries in charge of management education of state governments in which the institutes are located, by rotation, each year (ex-officio); (c) fourTemplate:Nbspchairpersons of institutes, to be nominated by the chairperson of the coordination forum, by rotation for twoTemplate:Nbspyears; (d) the director of each institute (ex-officio); (d) fiveTemplate:Nbspeminent personalities—of whom oneTemplate:Nbsphas 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 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 twoTemplate:Nbspyears 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. Gazette notification dated 11 January 2018
  2. Nanda, Prashant K. (24 January 2017). "Cabinet approves bill to make IIMs autonomous". Live Mint. New Delhi: HT Media Ltd. Retrieved 3 March 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  3. "Cabinet approves IIM Bill 2017". The Indian Express. New Delhi. Express Web Desk. 24 January 2017. OCLC 70274541. Retrieved 2 March 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  4. "IIM Bill 2017: Approved by cabinet, students will now get degrees instead of diplomas". India Today. New Delhi. Press Trust of India. 24 January 2017. ISSN 0254-8399. Retrieved 3 March 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  5. "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.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  6. "Rajya Sabha passes IIM Bill granting more autonomy, power to grant degrees". The Economic Times. New Delhi. Press Trust of India. 19 December 2017. OCLC 61311680. Retrieved 2 March 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  7. 7.0 7.1 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.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  8. 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.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  9. 9.0 9.1 Umarji, Vinay (3 January 2018). "After Prez's nod, IIMs get set to offer degrees under Act". Business Standard. Ahmedabad. OCLC 496280002. Retrieved 3 March 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  10. "IIMs can now award degrees instead of diplomas". The Economic Times. New Delhi. Press Trust of India. 1 January 2018. OCLC 61311680. Retrieved 2 March 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  11. 11.0 11.1 11.2 11.3 11.4 11.5 11.6 11.7 Javadekar, Prakash (25 January 2017). "IIM Bill, 2017 (Bill 20-C of 2017)" (PDF). Ministry of Human Resource Development, Government of India. New Delhi. Retrieved 2 March 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  12. 12.0 12.1 12.2 12.3 12.4 12.5 12.6 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.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  13. 13.0 13.1 13.2 13.3 13.4 13.5 13.6 13.7 Rao, Nivedita (28 February 2017). "Bill summary - The Indian Institutes of Management Bill, 2017" (PDF). PRS Legislative Research. New Delhi. Retrieved 2 March 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  14. 14.0 14.1 14.2 Chopra, Ritika (19 March 2018). "No consensus, IIMs go their separate ways on the degree-diploma debate". The Indian Express. New Delhi. OCLC 70274541. Retrieved 2 April 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  15. "Summer job boom for IIM-R". The Telegraph. Ranchi. Our Correspondent. 26 March 2018. OCLC 271717941. Retrieved 2 April 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  16. "177 IIM-U grads to be conferred degrees instead of diplomas". The Economic Times. Jaipur. Press Trust of India. 22 March 2018. OCLC 61311680. Retrieved 2 April 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  17. "IIM Indore conferred degrees to students at 19th annual convocation". The Times of India. Indore. TNN. 29 March 2018. OCLC 23379369. Retrieved 2 April 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  18. 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.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  19. "IIMs can offer MBA only for 2-year course, B-schools told at HRD Ministry meeting". The Indian Express. New Delhi. Express News Service. 15 March 2018. OCLC 70274541. Retrieved 2 April 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  20. "IIMs can offer MBA only for 2-year course". Times Now. New Delhi. Times Now Digital. 15 March 2018. Retrieved 2 April 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  21. Chopra, Ritika (13 March 2018). "HRD Ministry: 'IIM degree should be in accordance with UGC Act'". The Indian Express. New Delhi. OCLC 70274541. Retrieved 2 April 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  22. "IIMs asked to outline action plan, help frame rules under new act". Hindustan Times. New Delhi. HT Correspondent. 15 March 2018. Retrieved 2 April 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>