The Cabinet cleared a bill on Tuesday to grant the prestigious Indian Institutes of Management (IIMs) complete autonomy to run their affairs and award degrees to their graduates. Once the bill is passed by Parliament, IIMs will also be declared `institutions of national importance'.
The Indian Institutes of Management Bill, 2017, does away with the government's role in running premier business schools. All powers will be vested in 15-member boards at every IIM. Also, the bill has no provision of reservation in faculty jobs, apart from stating that the recruitment policy should be inclusive. Reservation in admission for SCsSTsOBCs in IIMs will be as per existing norms. The move comes after months of wrangling between the HRD ministry and the Prime Minister's Office on the bill's autonomy provisions.
The Cabinet cleared the IIM bill in the absence of HRD minister Prakash Javadekar.Sources close to him said Javadekar had a phone conversation with PM Narendra Modi and had taken leave of absence for his son's wedding in Pune.However, a former cabinet secretary said,