The IIM Bill seeks to give degree-granting powers to these institutes, more autonomy and statutory status to the 20 IIMs and declare them as institutions of national importanceNew Delhi: A bill to grant statutory powers to the Indian Institutes of Managements (IIMs) and enable these prestigious institutes to give degrees is expected to be presented shortly to the Union Cabinet for approval. The Prakash Javadekar-led HRD ministry, it is understood, has got the draft vetted by the law ministry and it is likely to come before the Cabinet soon for its approval to take it before the Parliament. Following consultations, the HRD ministry had earlier decided to remove a provision which related to the President being the visitor of the IIMs. The Indian Institutes of Management (IIMs) are autonomous institutes of management, education and research and are presently registered as societies under the Indian Societies Registration Act. The IIM Bill seeks to give degree-granting powers to these institutes, more autonomy and statutory status to the 20 IIMs and declare them as institutions of national importance.

Source: Mint January 22, 2017 14:06 UTC