Bills and Acts Current Affairs

Lok Sabha passes Indian Institutes of Management Bill, 2017

The Lok Sabha passed the Indian Institutes of Management (IIM) Bill, 2017 by voice vote. The Bill declares the IIMs as institutions of national importance.

The bill seeks to empower these institutions to attain standards of global excellence in management, management research and allied areas of knowledge. It also promises to grant administrative, academic and financial autonomy to these B-Schools and allow them to grant degrees.

Key Highlights of Bill

The bill allows IIMs to grant degrees to their students. It also grants them complete autonomy, combined with adequate accountability. It establishes coordination Forum of IIMs as an advisory body. It empowers board of an IIM to drive the management of the institution. It will select Chairperson and Director of IIM.

The board will have greater participation of experts and alumni. It will also include women and members from Scheduled Castes/Tribes. Besides, it adds provisions for periodic review of the performance of IIM by independent agencies and their results will be placed in public domain. Besides, it also has provision to place the Annual Report of the IIMs in the Parliament and CAG (Comptroller and auditor general of India)  auditing their accounts.

Background

IIMs are the country’s premier institutions imparting best quality education in management and are recognized as world-class management Institutions and Centres of Excellence. India has 20 IIMs now. All IIMs are separate autonomous bodies registered under the Societies Act. Earlier they were not authorized to award degrees. These awards were treated as equivalent to MBAs and Ph.D, respectively, but their equivalence was not universally acceptable, especially for the Fellow Programme.

Tags:

Lok Sabha passes Indian Institutes of Information Technology (PPP) Bill, 2017

The Lok Sabha passed the Indian Institute of Information Technology Public Private Partnership (IIIT-PPP) Bill, 2017 to allow 15 IIITs established on a PPP model to grant degrees and get statutory status.

The bill also seeks to grant institute of national importance status to IIITs on the lines of the Indian Institutes of Technology (IITs) and National Institutes of Technology (NITs).

Background

The Union Government had initiated the opening of 20 IIITs with private partnership of which 15 are already operational. These engineering and tech schools were established at a cost of Rs. 128 crore each. The centre had contributed 50% of the amount, states 35% and private partners remaining 15% (i.e. 50:35:15 ratio). However, these institutes were not been eligible to grant degrees.

Salient Features of the Bill

Definition of PPP: The bill define PPP as a partnership under a scheme of the centre for establishment of institutes through collaboration between the centre, the state government and industry partners such as individuals, trusts, companies or societies.

Establishment of an institute: State government will identify at least one industry partner for collaboration to establish an institute and submit a proposal to the centre. The centre will examine the proposal based on certain criterias. The centre may reject or accept the proposal with modifications. Upon such acceptance, the centre will enter into a MoU with the concerned state government and industry partners to establish proposed institute.

Role of the industry partner: It will have powers for co-creating programs as per the requirements of the industry; actively participating in the governance of the institutes; and funding and mentoring startups in the institutions.

Board of Governors: It will be the principal policy making and executive body of the institute. The Board of each institute will comprise upto 15 members including Chairman nominated on the recommendation of the centre.

Senate: It will be the principal academic body of each institute. It will specify the criteria and procedure for admission to courses of study; recommend to the Board, creation of teaching and other academic posts; and specify academic content of programmes and courses of study.

Coordination Forum: It will deliberate on matters of common interest to all the institutes. It will advise the centre to include or exclude an institution from the schedule of the Bill.

Funds of the institute:  Each institute will maintain a fund consisting of funds from the government and other sources including grants, fees and donations. Further, each institute will create corpus fund of the net income of the institute and donations for its long term sustainability.

Tags:

12345...102030...51