In a breather to about 545 business schools in the country, the Supreme Court today gave a stay order for a year on a notification on admission and fees issued by the All- India Council for Technical Education (AICTE).
In December 2010, AICTE had issued a notification on post-graduate diploma in management (PGDM) courses with eight guidelines. Of these, its proposal to regulate the fee and course curriculum of all the B-schools was the most contested. Though the final verdict is yet to be released, legal counsels for the Education Promotion Society of India (EPSI), which challenged the AICTE guidelines, and AICTE have confirmed the move.
The court order implies that the B-schools which come under the ambit of AICTE will be free to select candidates through any of the five national-level entrance tests for 2011. Besides, they will also retain the power to take group discussions and personal interviews.
However, the B-Schools have to inform AICTE about the test through which they will be selecting candidates.
Source: Business Standard