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December 31 this year marks the completion of five years of THE INDIAN INSTITUTES OF MANAGEMENT ACT, 2017. The Act was published on the 31st of December, 2017. It aimed to "declare certain Institutes of management to be institutions of national importance with a view to empower these institutions to attain standards of global excellence in management, management research and allied areas of knowledge and to provide for certain other matters connected therewith or incidental thereto." The incorporation of IIMA under this Act ended the IIMA Society's role in running the Institute (1961-2017). Interestingly, the desire to obtain the status of national importance dates back to the Institute's early days. In a letter to the Government of India dated January 20, 1964, the directors of the Indian Institutes of Management at Calcutta and Ahmedabad exhorted the government to "declare the Institutes as Institutes of national importance, authorising them to grant degrees..." This letter, written by Prof. K. T. Chandy of IIMC and Dr. Vikram Sarabhai of IIMA, is our document of the month. |
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