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The December notification by the All India Council for Technical Education (AICTE), imposing restrictions on post-graduate diplomas in management (PGDM), has nudged the FICCI into coming up with self-regulatory guidelines.
“We will prepare a set of self-regulatory guidelines for colleges running PGDM courses,” said Mr Rajiv Kumar, Director General of the Federation of Indian Chambers of Commerce, at a press briefing here. This was decided after a meeting attended by directors and deans of various colleges and institutions, including industry representatives from leading multinationals to discuss issue.
“Educational institutions and industry will be crippled due to the restrictions,” said Mr Kumar. He, however, did not give further details but said that the guidelines would be put in place at the earliest, after taking the views of all stakeholders.
On December 28, the AICTE had issued a notification with provisions for regulating PGDM courses in the country after it received as many as 80,000 complaints on alleged irregularities by some of the institutions.
The notification called for a greater role by State governments in the running of B-schools and management institutes. According to the AICTE, there would be restrictions on giving permission for one-year MBA programmes now being offered in the country.
Of the 3,800 B-schools registered with AICTE, nearly 500 run PGDM courses.
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