Business Today

Autonomy and After

Now that IIMs are set to get more freedom to run their affairs, they need to think out of the box to push excellence and make a greater impact.

To appreciate the new Indian Institute of Management (IIM) Bill, 2017, it is necessary to note the considerable distance it has travelled from past paradigms of command and control that defined the relationship between the IIMs and their 'owners'. It is yet to get through Rajya Sabha (Lok Sabha has already passed it), but there is no harm in hoping for the best. What's more, this Bill is the best we have seen so far.

The relation between the Ministry of Human Resource Development (MHRD) and the IIMs has always been fraught with tension, skirmishes, acrimony and distrust. It has cut across

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