Rajya Sabha okays bill that gives govt power over IIMs' functioning | Latest News India
The Rajya Sabha has passed the Indian Institutes of Management (IIM) (Amendment) bill 2023, giving the government more control over the functioning of the premier business schools. The bill names the President of India as a Visitor for all IIMs, giving them powers to nominate the chairperson of the board of governors, oversee director appointments and removals, and audit the institution's functioning. The bill also designates the National Institute of Industrial Engineering as the 21st IIM. Critics argue that the bill takes away some of the independence granted to IIMs under the 2017 law. | La...