Podcast
Questions and Answers
What is the main purpose of the Indian Institute of Management Bill, 2023?
What is the main purpose of the Indian Institute of Management Bill, 2023?
- To reduce the autonomy of IIMs and increase government interference
- To establish new IIMs in different states of India
- To abolish the concept of IIMs as institutions of national importance
- To grant greater administrative, academic, and financial autonomy to IIMs (correct)
What is the composition of the Board of Governors for each IIM?
What is the composition of the Board of Governors for each IIM?
- Up to 20 members, with 5 nominees from the central and state governments, respectively
- Up to 19 members, with 2 nominees from the central and state governments, respectively (correct)
- Up to 17 members, with 3 nominees from the central and state governments, respectively
- Up to 18 members, with 4 nominees from the central and state governments, respectively
What is the role of the Coordination Forum in the context of IIMs?
What is the role of the Coordination Forum in the context of IIMs?
- To appoint the Directors of all IIMs
- To discuss matters of common interest to all IIMs (correct)
- To oversee the financial operations of all IIMs
- To set the academic curriculum for all IIMs
What is the function of the Academic Council in each IIM?
What is the function of the Academic Council in each IIM?
What power does the Indian Institute of Management Act, 2017 grant to IIMs?
What power does the Indian Institute of Management Act, 2017 grant to IIMs?
Study Notes
Indian Institute of Management Bill, 2023
- Aims to improve governance and administration of IIMs, enhance their autonomy, and promote academic excellence.
Composition of the Board of Governors
- The Board of Governors of each IIM will be composed of:
- Ex-officio members:
- Ministry of Education representative
- Director of the IIM
- Nominees from the government
- Nominees from the IIM alumni
- Representatives from industry and academia
- Ex-officio members:
Role of the Coordination Forum
- Acts as a platform for coordination and collaboration among IIMs
- Facilitates exchange of best practices and knowledge sharing
- Ensures consistency in academic standards and quality
Function of the Academic Council
- Responsible for academic policies and programmes of the IIM
- Recommends curriculum, faculty appointments, and research initiatives
- Ensures the quality and relevance of the IIM's academic programmes
Powers Granted by the Indian Institute of Management Act, 2017
- Grants IIMs considerable autonomy in managing their affairs, including:
- Appointing faculty and staff
- Determining curriculum and academic programmes
- Establishing their own financial regulations
- Entering into collaborations with national and international institutions
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Description
Test your knowledge about the Indian Institute of Management Bill, 2023 and the Indian Institute of Management Act 2017 with this quiz. Learn about the significance of declaring 20 existing IIMs as "institutions of national importance" and the aim to empower IIMs to attain global standards in management and research.
