Union Cabinet approves six new IIMs; new academic session will commence from 2015-16

Union Cabinet approves establishment of six new IIMs.

New Delhi, June 24: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday gave its approval for setting up of six new branches of the Indian Institute of Management (IIM).

These new IIMs will be located at Vishakhapatnam, Bodh Gaya (Bihar), Sirmaur (Himachal Pradesh), Nagpur, Sambalpur (Odisha) and Amritsar.

These IIMs will begin functioning from assigned temporary campuses and shift to their permanent sites after the construction of the same, with the intention that these new institutes commence their first academic session from 2015-16.

Each institute will start with an intake of 140 students in the post graduate programme (PGP) courses. It is expected that the annual intake will increase to reach a level of 560 students each year by the end of seven years.

Union Finance Minister Arun Jaitley in July 2014 had in his Budget speech committed to establish five new IIMs in Bihar, Himachal Pradesh, Maharashtra, Odisha and Punjab.

Memorial for Jai Prakash Narayan in Bihar

The Union Cabinet also gave its approval to a proposal of the Ministry of Culture for the setting up of a national memorial at Lala Ka Tola, Sitab, Diara, in Bihar’s Chhapra District, the birth place of Lok Nayak Jai Prakash Narayan.

The memorial will also house a virtual museum and an institute to undertake study and research on democracy, enhancing the role of panchayats in nation building, Gandhian thoughts, and a centre for khadi and constructive work, keeping in view the thoughts of Lok Nayak Jai Prakash Narayan, along with Lok Nayak Khadi Gaurav Samvardhan Kendra at the same place for making national flags by women cluster(s).

Bharat Ratna Lok Nayak Jai Prakash Narayan’s contribution as an exemplary leader of Indian independence movement, a freedom fighter, social reformer and a visionary political leader will be commemorated through these decisions.

(With Agency Inputs)

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