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Topic: IIM Act

IIM Ahmedabad | Photo: Commons

Ignoring govt objections, IIMs are now giving out one-year executive MBA degrees

HRD ministry officials say India has no provision for a Master’s degree to be awarded for a one-year course, but IIM-Ahmedabad says they’re following the IIM Act.
University students (representational image) | Bloomberg

Govt warns management institutes against offering MBA & diploma simultaneously

AICTE has described as ‘course correction’ a new circular directing management institutes to either offer a degree or a diploma, but not both.
Indian Institute of Management Bodh Gaya

HRD ministry calls for ‘checks & balances’, suggests greater govt support to new IIMs

While the IIM Act aims to free up the premier business schools from governmental control, many of the newer IIMs have argued in favour of it.
IIM Ahmedabad | Photo: Commons

After directors’ protest, IIM boards will now need two-thirds majority to remove them

Committee to frame the rules of the new IIM Act decides against granting the directors’ demand to give the govt a say in their removal.
Students sitting in the campus lawns | Facebook

Night before new law takes effect, HRD ministry rushes to appoint director to IIM-A

Board of governors had recommended the appointment of Prof. Errol D’Souza in October, but the appointment is stuck in a logjam at the Centre ever since.

On Camera

The Reserve Bank of India (RBI) logo is displayed inside the central bank building in Mumbai

India’s current account surplus rises to $19.8 billion in June quarter

The current account surplus stood at $0.6 billion in the March quarter while there was a current account deficit of $15 billion in the year-ago period.

Defence

The Brahmos supersonic cruise missile was test fired in Balasore on 30 September

India successfully test fires BrahMos supersonic cruise missile

The test-firing of the missile, which has a range of around 400 km, was carried out by the DRDO off the coast of Balasore in Odisha.
Narendra Modi and Amit Shah | File photo: T. Narayan | Bloomberg

Partners dispensable in Modi-Shah construct if they do not bring additional votes

In the Modi-Shah construct, if partners do not bring additional votes, they are dispensable. However old or loyal, either they become supplicants, or die.