NEW DELHI: Govt on Monday introduced Indian Institutes of Management (Amendment) Bill, 2025, in Lok Sabha to include IIM-Guwahati in the schedule of IIM Act, 2017, thereby conferring on it the status of an institution of national importance.
The proposed law stems from a Memorandum of Settlement signed by Centre, Assam govt and representatives of Ulfa for the state's all-round development. Education minister Dharmendra Pradhan moved the bill amid opposition protests over SIR of electoral rolls in Bihar.
The amendment provides that from its commencement, "all provisions of this Act shall apply to IIM-Guwahati". Until a formal board is constituted, all powers will vest in a person or body appointed by Centre.
The bill also makes financial commitments, with the institute to receive a corpus fund of Rs 555 crore for five years (2025-26 to 2029-30). Govt expects that by the end of such period, IIM-Guwahati "shall be generating enough revenue through its own internal accruals".
The proposed law stems from a Memorandum of Settlement signed by Centre, Assam govt and representatives of Ulfa for the state's all-round development. Education minister Dharmendra Pradhan moved the bill amid opposition protests over SIR of electoral rolls in Bihar.
The amendment provides that from its commencement, "all provisions of this Act shall apply to IIM-Guwahati". Until a formal board is constituted, all powers will vest in a person or body appointed by Centre.
The bill also makes financial commitments, with the institute to receive a corpus fund of Rs 555 crore for five years (2025-26 to 2029-30). Govt expects that by the end of such period, IIM-Guwahati "shall be generating enough revenue through its own internal accruals".
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