Business Standard
Monday, May 28, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Govt says it is open to IIMs going abroad
BS Reporter / New Delhi Oct 17, 2009, 00:49 IST

Rejects Bhargava committee’s pan-IIM board recommendation

The Ministry of Human Resource Development (MHRD) today said it was open "in principle" to the Indian Institutes of Management (IIMs) setting up campuses abroad.

This marks a reversal of an earlier stand when the HRD ministry had rejected IIM-Bangalore's proposal to set up a Singapore campus on grounds that the memorandum of association (MoA) and rules did not permit it. Former HRD minister, Arjun Singh had also disapproved of the idea.

"The IIMs are global brands and need to have global presence.Their prime responsibility, however, is national. The government is also ready to amend the MoAs. But let them come up with a model that is workable," Union HRD minister Kapil Sibal told reporters here today after meeting IIM directors to discuss autonomy issues.

Sibal also announced that he has rejected the concept of a pan-IIM board to govern the premier institutes as suggested by the R C Bhargava committee. Instead, the ministry had decided to set up an independent 13-member collegium, comprising academics and industry representatives, for the appointment of directors and board members.

At present, the IIM directors and board members are appointed by the government on the recommendation of the board of each IIM. The Bhargava committee had submitted its report to the government last September, suggesting a pan-IIM board to ensure excellence but the IIMs (primarily IIM-Ahmedabad) had strongly opposed the move.

The pan-IIM board, as recommended by the Bhargava Committee, was to have comprised 15 members of which five would be government nominees, and the rest eminent individuals living in India or abroad. The Chairman would be nominated by the Prime Minister and Secretary of the Board would be one of the five government nominees. The Board, as recommended, was to be empowered to review performance of each IIM once in two years, and advise the government on all matters relating to the IIMs. The government should act only on the advice of this Board.

The collegium, instead, will comprise 13 members, the composition of which will be left to the discretion of the IIMs.

Sibal said an independent collegium would make the process "broad-based" because the collegium will suggest names for appointment of the board members and the directors. MHRD will select one name from the panel, a procedure that would ensure the government did not interfere in the selection.

Both announcements are being perceived as efforts to placate the IIMs. They were unhappy with the Bhargava committee recommendations and the recent modified MHRD notification which did not structure their salary increases as recommended by the IIMs. They are also being viewed as a move by the government to grant gradual autonomy to the premier institutes.

The IIMs, on their part, have accepted the government's salary structure for the faculty and the ministry will come out with a performance-related incentive scheme to provide special incentives to teachers in IIMs. “The IIM directors have been asked to submit their vision document on expansion plans for next five years keeping in mind quality and inclusiveness by January 2010,” Sibal said

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- Turbulence ahead for airlines despite oil price drop
- Weak rupee may bring cheer to NRIs, expats
- LIC buys PSU stocks, sells pvt sector blue-chips in Q4
- Banks may lower deposit rates as inflation eases: Report
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Renu Kohli: Rupee: depreciated tactics
- Mobile handset companies bet on Indian app makers
- RIL wants import-parity price for its gas
- CBI arrests Jagan Andhra on alert
- Gold imports fall 32% on strict govt measures
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us