Iim Amendment News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Indian Institutes of Management (Amendment) Bill, 2023, has been passed by the Lok Sabha, entrusting the management accountability of the institutes to the President of India. The bill was introduced on July 28 and was passed by the lower house despite disruptions from opposition members. The academic accountability for IIMs will remain with the institutions. The amendment bill seeks to amend the IIM Act of 2017, allowing the President to audit the functioning of IIMs, order probes, and appoint or remove directors.

A new amendment bill of the Centre that proposes the President will be Visitor to the Indian Institutes of Management (IIMs) with powers to audit their functioning, order probes and appoint as well as remove directors, has triggered an "autonomy" debate for the prestigious B-schools. The bill to amend the IIM Act of 2017 was introduced in the Lok Sabha last Friday amid disruptions by opposition members over the Manipur violence issue.