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The Indian Institute of Management Act, 2017 (IAST: Bhāratīya Prabaṃdhana Saṃsthāna Adhiniyama, 2017) is an Indian legislation. The Act declared the Indian Institutes of Management as institutions of national importance and enabled them to offer degrees and further make substantial changes in their administration.
The IIM bill was passed by the Lok Sabha on 28 July 2017 [43] and by the Rajya Sabha on 19 December 2017. [44] After receiving presidential assent, the IIM bill became an Act on 31 December 2017. [45] [46] In the 2023 Union Budget grants to the IIMs were cut in half. Heads of IIMs and B-schools said this would effect the newer IIMs ...
They were established as "Regional Engineering Colleges" and upgraded in 2003 to national status and central funding. The latest act governing NITs is the National Institutes of Technology Act, 2007 which declared them Institutes of National Importance. It lists thirty one NITs. [12]
IIM Ahmedabad was established on 11 December 1961 [9] with the active support of the Government of India, the Government of Gujarat, Harvard Business School, and prominent members of Indian industry. The physicist Vikram Sarabhai and businessman Kasturbhai Lalbhai , both natives of Ahmedabad , played pivotal roles in setting up the institute.
IIM Jammu. The Indian Institute of Management Jammu (IIM- Jammu or IIM-J) is a public, autonomous business school located in Jammu, Jammu and Kashmir, India. Established in 2016, it is the youngest Indian Institute of Management. IIM Jammu is currently (DBA) in Management as per Indian Institutes of Management Act 2017.
[9] [10] The new IIM was to be set up at Bangalore, and for the proposed institute, the Government of Karnataka offered 105 acres (42 ha) of land (free of cost), and a contribution of INR 3 million (~US$ 390,000 in 1972). Ultimately, on 27 March 1972, the IIMB Society was officially registered in Bangalore under the Mysore Societies ...
The Indian Institute of Management Mumbai (IIM Mumbai or IIM-M), formerly known as the National Institute for Training in Industrial Engineering (NITIE Mumbai) and later as National Institute of Industrial Engineering, is a reputed graduate business school under the Ministry of Education (India), [3] Government of India located in Powai near Vihar Lake in Mumbai, Maharashtra and is ranked 6th ...
Indian Institute of Management Calcutta (IIM Calcutta or IIM-C) is a public business school located in Joka, Kolkata, West Bengal, India. It was the first Indian Institute of Management to be established, and has been recognized as an Institute of National Importance by the Government of India in 2017. [ 6 ]