The Ministry of Human Resource Development has announced the new rule to regulate the B-schools and management programmes by UGC and AICTE.
After Supreme court quashed the powers of AICTE, the decision was taken to change the powers of both UGC and AICTE.
According to new rule, University Grants Commission (UGC) will regulate the B-schools offering Master's Degree in Management and are affiliated to Universities.
While All India Council for Technical Education (AICTE) will regulate the independent B-schools offering PGDM.
A senior official at a private B-school said the decision was informally conveyed to them by the MHRD. The decision was taken after a Supreme Court order had left AICTE in the role of an advisor, a shift from being a regulator earlier.
AICTE Chairman S S Mantha said, "AICTE is not fighting for PGDM institutions alone. We are here for technical education. As an Act of Parliament, AICTE's powers must be restored."
H Chaturvedi, director, Birla Institute of Management Technology, said: "This is a good move but we want this to be formalised."
On 14th January 2014, Common Admission Test (CAT) 2013 results will be announced, Management schools wanted a solution to this issue before the announcement of results. These institutes are planning to approach SC.
Chaudhari Prasad, chairman-admissions at TA Pai Management Institute, said: "The general feeling is that independent B-schools should not be overseen by the UGC. But we cannot comment unless the government comes out with an announcement. The students should not be affected by all this confusion."
Even Private B-schools across the nation, wants to meet MHRD to resolve this issue. They want separate All India Board of Management to care for the PGDM courses.
Pritam Singh, director of International Management Institute, Delhi, said: "MHRD has realised the concerns of PGDM institutions and we welcome this move. The way forward now will be to provide more autonomy and freedom to the PGDM institutions."
After the HRD decision, this led many universities across the state to get approval of technical courses in colleges affiliated to the universities that came under UGC or AICTE.