Name : IIM Bill 2017

Act/ Ammendment  :Bill

Year :2017

 Objectives/need for amendment : Give autonomy to IIM’s

Key features of the bill

1. Allow IIMs to grant degrees to their students.
2. Grant complete autonomy to IIMs, combined with adequate accountability.
3. Coordination Forum of IIMs as an advisory body will be established. Board of an IIM will drive the management of the institution. It will select Chairperson and Director of IIM. Board will have greater participation of experts and alumni. It will also include women and members from Scheduled Castes/Tribes.
4. Periodic review of the performance of IIM will be conducted by independent agencies and their results will be placed in public domain. The Annual Report of the IIMs will be placed in the Parliament and CAG (Comptroller and auditor general of India) will audit their accounts.