IIM Trichi gets Cabinet node
NEW DELHI: The Union Cabinet on Thursday approved a proposal to set up seven Indian Institutes of Management in Tamil Nadu, Haryana, Rajasthan, Jammu and Kashmir, Jharkhand, Chhattisgarh and Uttarakhand.
Four of the IIMs — in Tamil Nadu, Haryana, Jharkhand, and Chhattisgarh — would be set up this year and become operational from the next academic year. The others would be set up next year and become operational in 2011.
In Tamil Nadu, the IIM would come up in Tiruchi, in Haryana at Rohtak, in Jharkhand at Ranchi and in Chhattisgarh at Raipur. The location for the institutes in the other three States would be decided later.
Making the announcement, Union Minister and Cabinet spokesperson Ambika Soni said the postgraduate programme in management would be the flagship course. In the first year several executive programmes, including in the public policy domain focussing on civic and municipal services, would also be started.
In the first phase, the intake in the postgraduate course would be 140 students and eventually it would reach 560. The admissions would be made through a common admission test.
The Cabinet approved an outlay of Rs. 451 crore — Rs. 333 crore for non-recurring expenditure and Rs. 118 crore towards recurring expenditure — in the 11th and 12th Plan periods for each IIM.
Chaired by Prime Minister Manmohan Singh, the meeting also gave its nod for increasing the authorised share capital of the National Minorities Development Finance Corporation from Rs. 850 crore to Rs. 1,000 crore. The Centre’s share would be Rs. 650 crore, and that of State governments Rs. 260 crore. The balance of Rs. 90 crore would be obtained as contributions from individuals and organisations.
Further, the Cabinet approved implementation of reservation for students belonging to the SCs/STs, and the OBCs in the National Institute of Technology at Jirania in Tripura.
Four of the IIMs — in Tamil Nadu, Haryana, Jharkhand, and Chhattisgarh — would be set up this year and become operational from the next academic year. The others would be set up next year and become operational in 2011.
In Tamil Nadu, the IIM would come up in Tiruchi, in Haryana at Rohtak, in Jharkhand at Ranchi and in Chhattisgarh at Raipur. The location for the institutes in the other three States would be decided later.
Making the announcement, Union Minister and Cabinet spokesperson Ambika Soni said the postgraduate programme in management would be the flagship course. In the first year several executive programmes, including in the public policy domain focussing on civic and municipal services, would also be started.
In the first phase, the intake in the postgraduate course would be 140 students and eventually it would reach 560. The admissions would be made through a common admission test.
The Cabinet approved an outlay of Rs. 451 crore — Rs. 333 crore for non-recurring expenditure and Rs. 118 crore towards recurring expenditure — in the 11th and 12th Plan periods for each IIM.
Chaired by Prime Minister Manmohan Singh, the meeting also gave its nod for increasing the authorised share capital of the National Minorities Development Finance Corporation from Rs. 850 crore to Rs. 1,000 crore. The Centre’s share would be Rs. 650 crore, and that of State governments Rs. 260 crore. The balance of Rs. 90 crore would be obtained as contributions from individuals and organisations.
Further, the Cabinet approved implementation of reservation for students belonging to the SCs/STs, and the OBCs in the National Institute of Technology at Jirania in Tripura.
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