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IIM Bill 2017: After much debate, the Lok Sabha on Friday gave a green signal to the Indian Institute of Management bill that approved by the Union cabinet earlier this year in the month of January. The bill gives the premier management Institute national importance and the power to grant degrees to its students instead of diplomas.
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IIM Bill 2017: The Indian Institute of Management (IIMs) will now have greater autonomy after the passing if the IIM Bill 2017. The power to appoint the chairperson as well as, the director will now lie with the board of the institutes. The Chairperson of the board will be appointed by the board for a period of four years, while the Director of each IIM will be appointed by the board for a period of five years via a search-cum-selection panel. (Website)
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IIM Bill 2017: The Board of the various IIMs will now reserve the power to review the performance of each IIM and will be the principal executive body of each institute. (Website)
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IIM Bill 2017: Once the Bill becomes an Act, the IIMs board will not need the Human Resource and Development Ministry’s approval while appointing the Director of each institute. (Website)
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IIM Bill 2017: After the passing of the Bill, the accounts of the IIMs will now be audited by the Comptroller and Auditor General (CAG) of India. (PTI)
Steve Jobs’ 10-minute rule which made him smarter, approved by a Cambridge neuroscientist
