IIMs to get national importance status, bill under way

August 18, 2014

The Indian Institutes of Management (IIMs) will soon be granted the status of institute of national importance.

A bill in this regard is expected to be introduced, according to a written communication from Human Resource Development (HRD) Minister Smriti Irani to the Lok Sabha, a daily has said.

While discussions between the ministry and the IIMs are on, the first draft of the bill has also been drawn on the basis of advice from the stakeholders. As soon as the final bill is approved by the Union Cabinet, it will be introduced, the minister added in her statement.

The Union Budget 2014, presented by the Finance Minister Arun Jaitley on July 10, 2014, has allocations for six new IIMs to be established in Andhra Pradesh, Himachal Pradesh, Bihar, Maharashtra, Punjab and Odisha.

IIM, Indore has asked candidates aspiring to appear for the Common Admission Test 2014 (CAT 2014) to apply for 19 IIMs that includes the six new IIMs, which are expected to be set up in the aforementioned states.

CAT is the entrance test for admission into the IIMs and other premier business schools (B-schools) in India and this year's examination is expected to be conducted on November 16 and November 22, 2014.

The precise locations of the institutes will be finalised after the state governments send their site proposals.

Moreover, other details including exact time-frame will be decided after the detailed project report is drawn, according to Irani.

Four Indian Institutes of Information Technology (IIITs) may also attain the status of institution of national importance with the power to grant degrees, as per a bill which has been passed in the Lok Sabha. The four IIITs mentioned in the bill are IIIT Allahabad, IIIT Design & Manufacturing Jabalpur, IIIT Gwalior and IIIT Design & Manufacturing Kancheepuram.



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