IIM Bill prepared by panel headed by ex-IIM chairman: Smriti Irani

News:

• Amid a raging controversy over the draft IIM bill, government said it was prepared by a committee headed by former chairman of IIM Trichy’s board of governors M Damodaran and finalised after considering the observations and suggestions of the IIMs.
• “The observations and suggestions of the IIMs were considered and the draft was modified on that basis after going through inter-ministerial consulations process,” HRD Minister Smriti Irani said.
• “The draft bill proposes control of government in almost every matter such as selection of Chairman of board of Governors, fee structure, expenses, etc. They have covered almost everything from strategic to operational decisions,” IIM-A Director Ashish Nanda said.

Source: ET