Draft bill on IIMs

Q.  Which of the following statements is incorrect regarding the IIMs?
- Published on 01 Jun 16

a. There are 19 IIMs.
b. IIMs function under an Act of Parliament.
c. IIMs give diploma to its students and not degrees.
d. All of the above are correct.

ANSWER: IIMs function under an Act of Parliament.
 
  • The Human Resource Development (HRD) Ministry has set into motion the Indian Institute of Management (IIM) Bill.
  • This new education legislation aims to give the power to the IIMs to grant Master of Business Administration (MBA) degree to the students who has completed their two year management courses. At this point the premier business schools provide postgraduate diplomas in management to its students.
  • The Bill also proposes to Grant statutory status to the existing IIMs and declare these IIMs 'institutions of national importance'.
  • The bill seeks to give the ministry authority over the institutes on a range of issues. Unlike the Indian Institutes of Technology, IIMs don’t function under an Act of Parliament.
  • There are concerns raised in both the favour and opposition of the bill.

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