IIMs’ autonomy Bill introduced in LS — gives President the power to appoint, remove directors & more – The Indian Govt introduced the IIM (Amendment) Bill, 2023, in Lok Sabha on 28th July 2023, Sunday. The bill seeks to give power to the President of India to appoint not only the chairperson of the board of governors (BoG) of each IIM but also nominate as well as remove the director of these institutes.
- Ministry of Education piloted the Bill and it will amend the IIM Act, 2017, which was also brought in by the Modi government and came into force in 2018.
- The bill will allow appointing the President of India as the “Visitor” of every IIM through an insertion of a new section, (10 A), in the principal Act.
President to appoint chairman of ‘Coordination Forums’
The amended bill will also empower the President to appoint the chairman of the Coordination Forum. This chairman will be an eminent industry personality.
New IIM In Mumbai
- The amended bill also renamed the National Institute of Industrial Engineering (NIIE), Mumbai, to ‘The Indian Institute of Management, Mumbai’.
- The NIIE was allocated Rs 65 crore as grants-in-aid for the financial year 2022-23.
- Currently, There are 20 IIMs in the country, 7 of which are first-generation IIMs including Ahmedabad, Bangalore, Calcutta, Lucknow, Indore, Kozhikode, and Shillong.
- The second-generation IIMs include Rohtak, Raipur, Ranchi, Tiruchirapalli, Kashipur, and Udaipur.
- The 3rd generation IIMs include Amritsar, Bodhgaya, Jammu, Nagpur, Sambalpur, Sirmour, and Visakhapatnam.
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