 "IIM-Amritsar")
The Cabinet on Tuesday approved the IIM Bill 2017, which would declare the Indian Institutes of Management (IIMs) as Institutions of National Importance and allow them to award degrees to their students.
According to a Ministry of Human Resource Development (MHRD) notification, the Cabinet, chaired by Prime Minister Narendra Modi, approved the long-awaited Bill, paving the way for it to be presented in Parliament during the Budget session.
At present, IIMs are separate autonomous bodies registered under the Societies Act, and are not authorised to award degrees. They have been awarding postgraduate diplomas and fellow programmes in management. While these
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