Sushil Vachani

Faced with criticism over the draft IIM Bill, government today indicated "reviewing" and "correcting any inconsistencies" as it sought to reach out to the prestigious B-schools, making its first reaction to the controversy surrounding the legislation.

Amid a raging controversy over the draft IIM bill, government today said it was prepared by a committee headed by former chairman of IIM Trichy's board of governors M Damodaran and finalised after considering the observations and suggestions of the IIMs.

Faced with criticism over the draft IIM Bill, government today indicated "reviewing" and "correcting any inconsistencies" as it sought to reach out to the prestigious B-schools, making its first reaction to the controversy surrounding the legislation.

Amid a raging controversy over the draft IIM bill, government today said it was prepared by a committee headed by former chairman of IIM Trichy's board of governors M Damodaran and finalised after considering the observations and suggestions of the IIMs.