The All India Council of Technical Education (AICTE), which was the ruling body for the business schools, got the green signal from the Supreme Court to continue with their autonomy. The AICTE will initiate the process of extending autonomy to institutions have Post Graduate Diploma in Management (PGDM) courses for the academic year 2014-2015.
In a Draft Regulation issued on Dec 23 last year, the University Grant Commission (UGC) proposed to place the PGDM institutions under state run universities, which would have taken away their autonomy. But in a meeting held on Dec 28, 2013, the leading management leaders raised their voice over the possibility to loss the autonomy enjoyed by the business school. The meeting was attended by 100 deans, directors, and presidents of PGDM institutions who collectively approached the Supreme Court. It is a big relief for the PGDM institutions that finally their autonomy is retained.