HRD ministry likely to grant autonomy to IIMs

It is now toeing a line reportedly favoured by the PMO for granting more autonomy

HRD ministry likely to grant autonomy to IIMs
Press Trust of India New Delhi
Last Updated : Aug 12 2016 | 9:38 PM IST
The Union HRD ministry is likely to grant more autonomy to Indian Institutes of Management (IIMs) in choosing the chairpersons of their governing boards.

According to officials while the ministry had previously favoured a greater say for the government in this matter, it was now toeing a line reportedly favoured by the Prime Minister's Office for granting more autonomy.

It is learnt that in the proposed Bill, which the HRD ministry has recently circulated, it has suggested that the IIM Board be allowed to choose their own representatives. Presently they need the ministry's approval in this regard.

Also Read

"However it does not mean that the ministry has relinquished all say as one its representative will also be there on the Board," a source said.

There have been controversies over the appointment of heads of these prestigious schools. The HRD ministry under Smriti Irani had rejected the three names selected by the IIM Ahmedabad board to be its chairman.

The proposed IIM bill, which has seen much wrangling between the HRD ministry and the PMO over its provisions in the past few months, will soon be put before the Cabinet.

According to sources, the proposed legislation will be put up for discussion in the Cabinet as many of the contentious issues have been resolved.

It is learnt that the issue of providing autonomy to Indian Institutes of Management (IIM) on various matters, including deciding the fees structure, has been retained in the draft bill.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 12 2016 | 9:35 PM IST

Next Story