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Shunglu panel alleges mismanagement in three IIMs

By J. Venkatesan

NEW DELHI, MAY 5. The Shunglu Committee, constituted by the Human Resource Development Ministry, has found several irregularities and mismanagement in the functioning of the three Indian Institutes of Management (IIMs) of Ahmedabad, Bangalore and Kolkata.

In its report submitted to the Government (to be submitted to the HRD Minister, Murli Manohar Joshi, tomorrow), the committee has said that all the IIMs should be audited by a government-approved chartered accountant and the Comptroller and Auditor General should conduct a supplementary audit.

It has recommended that all the IIMs follow the same accounting policy and procedure, common accounting format, including classification of the income and expenditure and has suggested periodical reviews for the economy and efficiency of the IIMs.

The committee, headed by the former CAG was set up in February in the wake of the controversy over the reduction of the fees from Rs.1.5 lakhs to Rs. 30,000 to look into the financial structure of the IIMs, funding as well as the correctness of the fee-reduction order.

According to highly-placed sources, it has vindicated the stand of the HRD Ministry to reduce the fees and said the three IIMs could function even without charging any fee. They should do very well with the grant provided by the Government alone, the committee said.

Moreover, these institutions had built up, over the years, enough resources to sustain themselves. "What is intriguing is that the position being so, why these IIMs have been raising the bogey of interference in their autonomy and shortfall in funds etc.," it wondered.

It was of the view that the three IIMs raised the bogey of autonomy only to hide their "misdeeds," "malpractices" and "mismanagement," sacrificing ``academic responsibilities for promoting self-interest.'' While the IIMs of Indore, Kozhikode and Lucknow had accepted the fee-cut, the other IIMs opposed the Government move.

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