NEW DELHI: The contentious draft IIM Bill has been sent to the Law Ministry for approval, ahead of the second half of the Budget session of Parliament that begins Monday, as the government intends to pass the legislation so that students are awarded degrees and not diplomas from the coming academic session itself.
The bill proposes the awarding of degrees and the transformation of the IIMs into centres of excellence. However, several provisions of the bill had come in for sharp criticism with institute directors arguing that they would undermine the autonomy enjoyed by the IIMs. The HRD Ministry had released a redrafted bill last year and drew a consensus among the IIMs. However, when it was sent to the PMO, it required further amendments so as to not be seen as infringing on the autonomous status. The PMO had objections to one of the provisions of the bill relating to the appointment of IIM directors through the President and the inspection of the institutes.