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In a recent move, the HRD Ministry has asked the IIM’s to propose a draft bill and made it clear that it doesn’t mean that the autonomy of institute will be compromised.
"For the first time, the IIMs were asked to prepare the draft of the bill themselves which later was put in the public domain inviting suggestions from all stakeholders," Irani told media persons after a meeting with Indian Institute of Management (Bangalore) chairman Kiran Mazumdar Shaw .
Irani also said the IIMs were not aware of the fact that, under the new bill, the President of India will visit and all the high-level appointments would be approved by the President only.
"I am extremely glad that the government has addressed all our concerns in the new bill with regard to the autonomy of IIMs”, said Shaw.
Shaw also tweeted: "Had a fruitful mtg with @HRDMinistry to discuss n resolve issues around autonomy n accountability of IIM Bill - I'm satisfied @smritiirani."
The bill is likely to be tabled in parliament in the next session.