After Prez's nod, IIMs get set to offer degrees under Act

Now that the President has given his assent to the IIM Bill, making it an Act of the Parliament, the IIMs can award degrees

With the President's assent to the IIM Bill having come as a New Year surprise, the IIMs have initiated talks within themselves and with the Ministry of Human Resource Development (MHRD) on the Act.

However, IIMs are of the view that the Act is not yet operational until rules framed by the MHRD and regulations formulated by respective IIM Boards are placed in the Parliament for approval.

"Technically, the Bill is not yet operational until rules are framed by the Ministry of HRD and regulations are formulated by the respective IIM Boards, and to be placed in Parliament for their approval. We