Latest news with #TheIndianInstitutesofManagement(Amendment)Bill
Time of India
9 hours ago
- Business
- Time of India
After LS, RS passes bill to set up new IIM in Guwahati
Guwahati: A day after the Lok Sabha, the Rajya Sabha on Wednesday passed The Indian Institutes of Management (Amendment) Bill, 2025, with a voice vote, clearing the decks for the establishment of the country's 22nd IIM in Guwahati with an investment of Rs 555 crore. The bill will now go for presidential assent after its passage in both houses of Parliament. Assam goes to the polls early next year. tnn Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
India Today
15 hours ago
- Business
- India Today
Assam to get first IIM in Guwahati, northeast's second, as bill passes in parliament
Parliament has passed the Indian Institutes of Management (Amendment) Bill, 2025, paving the way for Assam's first Indian Institute of Management in Guwahati. This will be the second IIM in the Northeast after IIM Bill, tabled a few days ago, was cleared this week after debate in both Houses. Education Minister Dharmendra Pradhan called the decision a 'historic milestone' in Assam's journey as an emerging hub of higher to X, Pradhan wrote that IIM Guwahati will help address regional disparities in higher education, provide world-class management training, and strengthen research in the field. He said the move reflects Prime Minister Narendra Modi's vision to bring premier institutions to every corner of the country, particularly the Northeast.A historic milestone in Assam's ascent as an eminent educational the passage of The Indian Institutes of Management (Amendment) Bill, 2025 in the Parliament, Assam gets its 1st #IIM in Guwahati. Envisioned by Hon'ble PM Shri @narendramodi ji as an outcome of the Dharmendra Pradhan (@dpradhanbjp) August 20, 2025IIM GUWAHATI SET TO BRIDGE EDUCATION GAP IN NORTHEAST, BOOST LOCAL OPPORTUNITIESThe institute is being set up as part of a trilateral agreement between the Union government, the Assam government, and the United Liberation Front of Asom (ULFA).The agreement was framed to push long-term peace and development in Assam. Establishing a top management institute in the state is seen as part of this broader also congratulated Assam Chief Minister Himanta Biswa Sarma and the people of the state, noting that the Centre has fulfilled another commitment made under the 'Purvodaya' vision for eastern said the new institute will contribute to the development of the 'Ashtalakshmi', a reference to the eight northeastern states seen as key to India's growth Guwahati is expected to give students from Assam and neighbouring states greater access to high-quality management education without having to travel to distant is also likely to attract faculty, researchers, and corporate linkages to the region, boosting local the passage of this Bill, Assam joins the national map of IIMs for the first the Northeast, it marks the addition of a second premier management institute, strengthening the education network in a region that has often felt left out of India's higher education growth story.- Ends
The Hindu
3 days ago
- Business
- The Hindu
Parliamentary proceedings: Guwahati to get new IIM
The Central government will set up an Indian Institute of Management (IIM) in Guwahati, Assam, with the introduction of The Indian Institutes of Management (Amendment) Bill, 2025, on Monday in the Lok Sabha. The Bill was introduced by Union Education Minister Dharmendra Pradhan. According to the draft law, the Centre, State government of Assam and representatives of the United Liberation Front of Assam have signed a Memorandum of Settlement for the 'all-round development of Assam'. A number of developmental projects will be implemented by the Centre under a Special Development Package, including the establishment of an IIM in Guwahati. The Assam government had sought the establishment of an IIM keeping in view the State's geographical location. 'Assam is one of the very few States with more than three crore population which does not have an IIM. As per latest published results of All-India Survey of Higher Education, more than five and half lakh students are enrolled in higher education institutions in Assam,' the Bill said. 'Establishing an IIM at Assam shall boost the overall education and development of the region and open up significant opportunities for the students of North Eastern region of India to develop managerial skills,' it added. IIM-Guwahati will get a corpus fund of ₹555 crore for five years (2025-26 to 2029-30). 'After five years, no additional support shall be extended to the Institute since by end of such period, the IIM-Guwahati shall be generating enough revenue through own internal accruals,' the Bill said. The Bill stated that until the first board of IIM, Guwahati is constituted under the Act, all powers and functions 'shall be exercised and performed by such person or persons as the Central Government may direct in this behalf'. IIM-Guwahati will be the 22nd such institute.
