unconvinced by the government's assurances, has decided to make public
their concerns over a series of reforms that had been proposed by the
government.
The IIMs are concerned that the proposed reforms will lead the
privatization of the IIMs.
On Monday, IIM-Calcutta published a detailed criticism of the
government's proposed reforms on its official website. This had been
done only 48 hours after Human Resource Development Minister Kapil
Sibal had clarified that the reforms would not involve privatization
of the prestigious management institutes.
It had been recommended by a panel of the HRD ministry under Maruti
Chairman R.C. Bhargava that industrial houses can gain seats in the
managing society of an IIM for five years in exchange for a donation
of Rs.20 crore.
Individuals and alumni too can gain seats on the IIM societies by
giving donations worth Rs.5 crore under the proposals of the panel.
However, it is being argued by the faculty that if the recommendations
of the Bhargava panel are implemented, it might lead to the reigns of
the IIMs being placed in the hands of private donors.
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