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More IIMs to open in India, abroad soon
Human Resources Development (HRD) Minister, Kapil Sibal on Oct 13 announced the decision of the central government and demanded extra accountability from the institution.
Besides acquiring the autonomy to open more IIMs, the B-school would have powers to create posts in keeping with approved norms, the right to amend rules of IIM within the framework of memorandum of association and rules.
The B-school of India also got the power to acquire and dispose property, which has not been fully or partially funded by the ministry, powers to approve their own budget, and the freedom to manage the funds generated by IIMs.
OneIndia News
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Story first published: Thursday, October 14, 2010, 12:17 [IST]