Proposed IIM bill: boon or bane?
With new education system overpowering the country in order to bring a revolution in the academic industry, the government is contributing by launching intriguing initiatives to make the academic sector even more fruitful and perspective in nature. The Govt. is currently preparing to launch major transformations in the governing of the Indian Institutes of Management (IIMs), and is pondering over a new legislation for the purpose, a draft IIM bill, which has already been allotted for the public consultation procedure.
The Ministry of Human Resource Development (MHRD) is considering taking some points off the draft as a result of wide criticism, and has been planning on modifying them. The IIM discloses modifying some of the clauses.
As per the draft filed, the managing authority for all the IIMs will be passed on to the Central Government, and once it receives wide acceptance and modification, it will be launched for approval from the Parliament, and will be christened as the IIM Act 2015.
According to the new draft, the Central Government will be provided with control in all the disciplines, from intentional to operational verdicts, including assortment of Chairman of Board of Governors, admissions, courses, fee structure, expenditures, service circumstances of faculty, etc. After the bill will be implemented, the IIM will seek directions from Government for policy related matters. Other than that, the bill proposes conducting of a management forum to be directed by the HRD minister.