And here, the IIM's have given the 'YES' in favour of Single Governing body. They are now proposing the setting up of a single overarching body to oversee their functioning. It is ensured that this new system will be as similar to that employed by the IIT's and will not affect autonomy of the institutions. Each IIM's are to provide their acceptance report by coming week.
The sources from IIM-Ranchi said that "A single council would help the IIM's connect and achieve more. Networking and sharing resources would also improve the IIM's global competence.
CLICK HERE To Read What Pallam Raju, MHRD said about the single Governing Body.
Further the IIM's along with the HRD Ministry (Human Resource Development) shall have a small gathering on April 1, 2013 to discuss more on the same. However, the proposal for consolidation has also met opposition from IIM-Ahmedabad which said that, this is concerns of reduced autonomy.
As all IIT's have a single council i.e. the governing body which has the responsibility of all IIT's. As of now, the IIM's are registered under the Societies Registration Act. And with the status of society, these IIM's cannot offer Master degrees or the PhD degrees and can only go with Diplomas and fellowships.
Sources from IIM-Udaipur said that the bill saw the acceptance from a majority of IIM's. Though there were opposition for this act, it is said that more doubts shall be cleared through the meeting which is to be held on 1st of April and that IIM council would not affect the autonomy of any of the IIM's, while giving them degree granting abilities.
A source at IIM-Raipur revealed the institutions support for the council, while sources from other IIMs revealed their desires to have greater representation by industry and IIM officials at the council, while having lower number of bureaucratic representatives.
Two years ago, the Union ministry of human resource development had granted greater autonomy to IIMs. The IIMs which were granted greater autonomy 2 years back however remain under the Right to Information Act, and have their accounts audited by the Comptroller and Auditor General.
Another meeting has also been proposed by the HRD ministry scheduled on April 15. It involves directors of IIM's and IIT's, would be held to discuss collaboration between industry and academia.