Senior ministry officials have discussed the matter and the objections of the IIMs about the bill with Irani recently "clause by clause" even as there are indications that the government is in favour of tweaking the draft legislation.
Ministry officials said they have received questions from the MPs for the ministries response to the draft bill during the Monsoon Session beginning next week.
Several IIMs, especially the older ones led by IIM Ahmadabad, had come down heavily on the government over the draft bill, saying it will not only curtail their autonomy but reduce the IIMs to a mere "operating centre", while arming the government with sweeping powers.
Faced with stiff opposition, the Ministry has been reaching out to the IIMs individually to discuss the contentious provisions.
There are indications that it could delete sub-section (1) of section 36 of the draft bill which says the "IIM Board may, with the approval of the Central government, by notification, make regulations not inconsistent with this Act and the rules made thereunder to carry out the provisions of this Act".
"We are deeply concerned that some provisions of the bill would seriously compromise the autonomy of the institute. We believe that this is an important bill for the future of management education and therefore requires critical review to ensure an optimal balance between autonomy and accountability of the institution," IIM-Ahmadabad chairperson A M Naik had said in a letter to HRD Minister Smriti Irani.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
