Top 50 B-schools may get degree-issuing powers to compete with IIMs

Non-IIM colleges are seeking these powers from HR ministry as they fear passing of IIM Bill will lead to recruiters, foreign partners questioning validity of their diplomas

The Union government is considering to award "Institutes of Excellence" status to the top 50 non-IIM business schools to give them autonomy and bring them at par with the Indian Institutes of Management (IIMs) once the IIM Bill, 2017 is passed in the Lok Sabha.

The bill allows the IIMs greater autonomy and empowers them to grant degrees instead of diplomas, as is the practice now.

"The government has come up with few thoughts. The autonomy to IIMs is one which is much needed. There are institutions of eminence in India, part of IIMs, like the top 100 PGDM institutes