IIMs to get autonomy

Senior officials, has decided to give up some of its powers to IIMs. This includes the power to select own directors and chairmen and pay the faculty as desired.
"We have decided that the autonomy of IIMs should be enhanced through amendments in the memorandum of articles (MoA). For instance, the process of appointment of the chairperson and the board is not very transparent and gives a lot of power to the ministry.
Now, we are saying that the institutes have a better idea of their culture and can take care of such selections. They will suggest the names and the ministry will appoint the officials.
Among the changes proposed, IIMs will be able to trim the board size from over 26 at present to 14, appoint alumni members on the board and decide the pay structure of staff and faculty independent of pay commissions.



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Vocab Power Updated Daily

  • COBBLED - Repair or mend
  • ABHORRENCE - Hate coupled with disgust
  • INCUMBENCY - The term during which some position is held
  • MITIGATE -Lessen or to try to lessen the seriousness or extent of
  • dubious - Open to doubt or suspicion
  • FOSTERING - Encouragement; aiding the development of something
  • ELICIT- Call forth (emotions, feelings, and responses)
  • PLAUSIBLE - Apparently reasonable and valid, and truthful
  • FORGE - Move ahead steadily
  • BOLSTER (V)-Support and strengthen
  • ECCENTRIC- A person with an unusual or odd personality
  • PATRONAGE - The act of providing approval and support
  • IMPERVIOUS - Not admitting of passage or capable of being affected

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