''Indian Institutes of Management Act, 2017''

The Indian Institutes of Management Act, 2017
Bhāratīya Prabaṃdhana Saṃsthāna Adhiniyama, 2017
Emblem of India
Parliament of India
An Act to declare certain Institutes of management to be institutions of national importance with a view to empower these institutions to attain standards of global excellence in management, management research and allied areas of knowledge and to provide for certain other matters connected therewith or incidental thereto.
Citation Act no. 33 of 2017
Territorial extent Whole of India
Enacted by Lok Sabha
Date passed 28 July 2017
Enacted by Rajya Sabha
Date passed 19 December 2017
Date assented to 31 December 2017 (by the President of India, Ramnath Kovind)
Date commenced 31 December 2017
Date effective 31 December 2017
Legislative history
Bill introduced in the Lok Sabha The Indian Institutes of Management Bill, 2017
Bill citation Bill no. 20-C of 2017
Bill published on 9 February 2017
Introduced by Prakash Javadekar (as Minister of Human Resources Development)
Related legislation
Summary
The Act provides further autonomy to Indian Institutes of Management by declaring them as institutions of national importance.
Status: In force

The Indian Institute of Management Act, 2017 (IAST: Bhāratīya Prabaṃdhana Saṃsthāna Adhiniyama, 2017) is an Indian legislation. The Act declared the Indian Institutes of Management as institutes of national importance and enabled them to offer degrees and further make substantial changes in their administration.

Premise

The bill was approved by the Union Cabinet on 24 January 2017.[1][2][3]

The Act was introduced as a bill in Lok Sabha by the Minister of Human Resource Development, Prakash Javadekar, on 9 February 2017. The bill was passed by the Lok Sabha on 28 July 2017,[4] and by the Rajya Sabha on 19 Dec 2017.[5][6] After receiving the President's assent, the bill became an Act on 31 December 2017.[7][8][9]

Provisions

The Act declares Indian Institutes of Management as institutions of national importance and grants the power to give degrees.[6][8][10][11][12]

Board of governors

The Act provides for the creation of a board of governors, which would act as the principal executive body for each IIM, and would appoint one director for each IIM, whose pay would be decided by the board.[10][11][12]

The board of governors would have a maximum of 19 members including one chairperson; a nominee each from central and state governments; two members of the faculty; four eminent personalities from fields including education and industry, one of whom has to be a woman, and; the director.[10][11][12]

Academic council

The Act provides for the creation of an academic council for each IIM, which would decide the: (a) academic content; (b) criteria and processes for admissions to course; and (c) guidelines for conduct of examinations.[10][11][12]

The academic council would comprise: (a) the director; (b) deans in charge of academics, research, student affairs and other such functions of the institute; (c) chairs and coordinators of various areas, programmes, faculties, centres, departments and schools of the institute; (d) all full-time faculty members at the level of professor and; (e) members, by invitation of the board — on the recommendation of the director — who are eminent in the fields of industry, finance, management, academics and public administration.[10][11][12]

Coordination forum

The Act provides for the creation of a coordination forum, which would discuss matters pertaining to all IIMs.[10][11][12]

The coordination forum would comprise: (a) Higher Education Secretary (ex-officio); (b) two secretaries in charge of management education of state governments in which the institutes are located, by rotation, each year (ex-officio); (c) four chairpersons of institutes, to be nominated by the chairperson of the coordination forum, by rotation for two years; (d) the director of each institute (ex-officio); (d) five eminent personalities — of whom one has to be of a woman — in the fields of academia and public service.[10][11][12]

The bill also proposes to incorporate many other changes like audit of institutes by the Comptroller and Auditor General of India (C&AG).[10][12]

Aftermath

Even after the commencement of the Act, not all IIMs granted degrees in the first year of its commencement.[13] IIM Lucknow, IIM Ranchi and IIM Ahmedabad granted postgraduate diplomas,[13][14] whereas IIM Bangalore, IIM Indore, IIM Udaipur, IIM Visakhapatnam granted degrees.[13][15][16][17]

In March 2018, IIMs were told at a meeting with HRD ministry that the Act only empowered them to grant degrees for courses with duration of two-years or more.[18][19] Further, the ministry told the institutes that, for them to confer degrees not mentioned in the UGC Act, the institutes would have to seek the government's permission.[20] IIMs were also asked to chalk up their action plan and outline their long term strategy.[21]

References

  1. ↑ Nanda, Prashant K. (January 24, 2017). "Cabinet approves bill to make IIMs autonomous". Live Mint. New Delhi: HT Media Ltd. Retrieved March 3, 2018.
  2. ↑ "Cabinet approves IIM Bill 2017". The Indian Express. New Delhi. Express Web Desk. January 24, 2017. OCLC 70274541. Retrieved March 2, 2018.
  3. ↑ "IIM Bill 2017: Approved by cabinet, students will now get degrees instead of diplomas". India Today. New Delhi. Press Trust of India. January 24, 2017. ISSN 0254-8399. Retrieved March 3, 2018.
  4. ↑ "Parliament live updates: Lok Sabha passes IIM Bill". The Hindu. The Hindu Net Desk. July 28, 2017. ISSN 0971-751X. OCLC 13119119. Retrieved March 2, 2018.
  5. ↑ "Rajya Sabha passes IIM Bill granting more autonomy, power to grant degrees". The Economic Times. New Delhi. Press Trust of India. December 19, 2017. OCLC 61311680. Retrieved March 2, 2018.
  6. 1 2 Nanda, Prashant K. (December 19, 2017). "IIM Bill approved for more autonomy to Indian Institutes of Management". Live Mint. New Delhi: HT Media Ltd. Retrieved March 3, 2018.
  7. ↑ Roy, Shobha (January 1, 2018). "IIMs initiate talks on common regulations". Business Line. Kolkata: The Hindu. ISSN 0971-7528. OCLC 456162874. Retrieved March 3, 2018.
  8. 1 2 Umarji, Vinay (January 3, 2018). "After Prez's nod, IIMs get set to offer degrees under Act". Business Standard. Ahmedabad. OCLC 496280002. Retrieved March 3, 2018.
  9. ↑ "IIMs can now award degrees instead of diplomas". The Economic Times. New Delhi. Press Trust of India. January 1, 2018. OCLC 61311680. Retrieved March 2, 2018.
  10. 1 2 3 4 5 6 7 8 Javadekar, Prakash (January 25, 2017). "IIM Bill, 2017 (Bill 20-C of 2017)" (PDF). Ministry of Human Resource Development, Government of India. New Delhi. Retrieved March 2, 2018.
  11. 1 2 3 4 5 6 7 Rao, Nivedita; Suhag, Roopal (March 30, 2017). "Legislative brief - The Indian Institutes of Management Bill, 2017" (PDF). PRS Legislative Research. New Delhi. Retrieved March 2, 2018.
  12. 1 2 3 4 5 6 7 8 Rao, Nivedita (February 28, 2017). "Bill summary - The Indian Institutes of Management Bill, 2017" (PDF). PRS Legislative Research. New Delhi. Retrieved March 2, 2018.
  13. 1 2 3 Chopra, Ritika (March 19, 2018). "No consensus, IIMs go their separate ways on the degree-diploma debate". The Indian Express. New Delhi. OCLC 70274541. Retrieved April 2, 2018.
  14. ↑ "Summer job boom for IIM-R". The Telegraph. Ranchi. Our Correspondent. March 26, 2018. OCLC 271717941. Retrieved April 2, 2018.
  15. ↑ "177 IIM-U grads to be conferred degrees instead of diplomas". The Economic Times. Jaipur. Press Trust of India. March 22, 2018. OCLC 61311680. Retrieved April 2, 2018.
  16. ↑ "IIM Indore conferred degrees to students at 19th annual convocation". The Times of India. Indore. TNN. March 29, 2018. OCLC 23379369. Retrieved April 2, 2018.
  17. ↑ Rao, Umamaheswara (March 30, 2018). "In a first, IIM-V students awarded MBA degrees instead of diplomas". The Times of India. Visakhapatnam. OCLC 23379369. Retrieved April 2, 2018.
  18. ↑ "IIMs can offer MBA only for 2-year course, B-schools told at HRD Ministry meeting". The Indian Express. New Delhi. Express News Service. March 15, 2018. OCLC 70274541. Retrieved April 2, 2018.
  19. ↑ "IIMs can offer MBA only for 2-year course". Times Now. New Delhi. Times Now Digital. March 15, 2018. Retrieved April 2, 2018.
  20. ↑ Chopra, Ritika (March 13, 2018). "HRD Ministry: 'IIM degree should be in accordance with UGC Act'". The Indian Express. New Delhi. OCLC 70274541. Retrieved April 2, 2018.
  21. ↑ "IIMs asked to outline action plan, help frame rules under new act". Hindustan Times. New Delhi. HT Correspondent. March 15, 2018. Retrieved April 2, 2018.
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