Published On: Tue, Sep 4th, 2012

MHRD might empower IIMs to Award Degrees

EduShine Academic Search

Indian Institutes of Management (IIMs) might be empowered to provide degrees. The Human Resource Development Ministry (MHRD) is working on a bill that aims to bring 13 premier institutes under the purview of Parliament. The bill will be modeled on the lines of the Institutes of Technology Act, 1961, under which IITs function.

According to the sources, the ministry’s move comes after many IIM directors and board members have reasoned that without a legislative cover, IIMs are not able to award degrees. Many IIMs have started five year integrated courses but are not eligible to award degrees. Once the proposed Institutes of Management Bill is passed, IIMs would become more attractive for students. As if now, IIMs functions as autonomous societies and run as per their Memorandum of Association (MoA) that is different in case of each institute. IIMs award only diploma for a two-year management course.

One of the IIMs Director remarked that, at a time when serious changes are being contemplated in the Common Aptitude Test like making it an international test, IIMs need to have authority to grant degrees. Recently, the ministry discussed the matter with us. Once bill is prepared by the ministry we would be consulted. Over the last three years, government had set up many committees to look into the functioning of IIMs as well as chalk out a roadmap. Most of the old IIMs have already amended their Memorandum of Association that gives them more power and flexibility. “We do not know what would happen to flexibility and financial autonomy.

Also, three IIMs i.e. Ahmedabad, Bangalore and Kolkata, no longer depend on government for fund but once the proposed bill is passed each IIM would have to maintain a fund in which money provided by the Central government, all fees and other charges received by the institute, money received by way of grants, donations etc would be kept.