According to the news, the PGDM institutions will remain under the edge of AICTE until another regulatory body or AICME is arranged to regulate B-schools. The MBA/PGDM institutions in Delhi have been battling since long for self-determination and autonomy of their institutions since the year 2010. There are more than 350 self-financed B-schools across the state who has been arguing that the council cannot invade into their freedom and the autonomous status to be granted to them.
Many of institutes are already functioning as self-financing institutes for five decades. But in this extended battle of freedom, the All India Council for Technical Education (AICTE) remains motionless towards the PGDM institutions. In the year 2011, the Supreme Court had stayed the AICTE’s notifications in favour of the institutions that direct B-Schools to withdraw their call for self- determination which was related to admission, examinations, fees, etc.
The Education Promotion Society of India and Association of Indian Management Schools had appealed to the Supreme Court through by favouring the institutes in 2010, therefore challenging the AICTE's notification. It has been acknowledged that following the AICTE notification, the group of institutes had approached the HRD ministry but was unable to provide the result.
Added Discussion on B-Schools trouble
- After acknowledging the trouble B-schools has been enduring for so long, Dr Bakul Dholakia highlighted the recommendation of setting up an All-India Council for Management Education (AICME) by the MK Kaw Committee's must be considered more seriously.
- All the PGDM institutions are All-India Board of Management Education approved. However, the complication arises since the board did not enjoy much freedom and hence there was no clarity on the regulation of B-schools.
- However, following the Supreme Court's meantime stay on the same matter on 16 December 2016, institutes such as XLRI Jamshedpur and International Management Institute, can conduct admission through the following test for the academic year 2017-18
What is the workable solution for this?
Identifying the urgent need for a new framework to regulate B-schools, “Dr Harivansh Chaturvedi, BIMTECH Director, said that AICTE has failed to provide clear regulations to regulate B-schools.”
Although, the outcome of the problem is Indian Management education will remain under the edge of AICTE until the new regulation body is introduced or AICME is created for the B-Schools.
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