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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 ...
The Common Admission Test (CAT), like virtually all large-scale exams, utilises multiple forms, or versions, of the test. Hence there are two types of scores involved: a raw score and a scaled score. The raw score is calculated for each section based on the number of questions one answered correctly, incorrectly, or left unattempted.
The final term at IIM-Calcutta puts special emphasis on Leadership and Change Management with a key focus on building an Entrepreneurial and Innovative culture. The terms also stress on the needs and nuances of Ethics and Ethical behavior for today's managers who compete in a rapidly globalizing world. [citation needed]
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.
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 ...
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.
Furthermore, the IIM (Amendment) Act, 2023 accorded the status of Visitor to the President of India. [66] The Board of Governors is the primary executive body of IIMB, while the Coordination Forum is a single body for all IIMs to communicate with the Indian government. IIMB is administered by the following structure: Visitor Board of Governors ...
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