The Indian Institute of Management, Ranchi (IIM-R) will introduce grading system from the next session like that of other IIMs in the country. During the fourth convocation of the premier B-School , Director-in-Charge and Professor Anindya Sen said for the convenience of the students, they will shift to a 10-point grading system instead of the 4-point grading system.
“It is easy to mark the percentage level of a student’s performance with 10 point grading system. Even for the PSUs, it would be easy to identify a student’s performance in terms of placement. The four point grading system creates complication. So, we have taken the decision to update the grading process,” said Sen.
The cradle was in need of adequate permanent teachers since long. Sen announced the recruitment of eight new faculty members who are to join shortly. Presently, there are 13 faculty members here. IIM-R functioning temporarily on the fifth and sixth floor of Suchana Bhawan since its inception in 2010 has not been able to begin campus construction at the 94.36 acres land allotted at Cheri under Kanke block in 2013. Sen said out of the allotted land, they are yet to possess 4.22 acres raiyati land. “I have requested Chief Secretary Rajiv Gauba to provide atleast 50 acres land near HEC. They are working on it. We hope to get a response within a month,” he added.
Gauba and Human Resource Development Secretary Aradhana Patnaik are the new Board members of IIM-R. Retired Brigadier of Army Aviation Corps VS Saini has been appointed as the new Chief Administrative Officer (CAO) of IIM-R in April. Sen said he was selected after former CAO Colonel BK Nair took voluntary retirement. The institute has also selected an acting Chairman after RC Bhargava left early this year.
Meanwhile, Founder of Rediff.Com Ajit Balakrishnan who is also the Chairman of the Board of Governors of IIM Calcutta suggested the students to be prepared for the professional debates on land Bill. He said, “There is a transmission in land Bill. Being a professional, you will have to come across companies dealing with land Bill issue. Be prepared.”
Balakrishnan highlighted on some among the 100 companies which used to be in the top 100 ones of Mumbai’s share market in his times. “I joined Metal Box and switched over to reputed companies in 1960’s. Those do not exist anymore. There has been a tremendous boom in the financial sector,” he said.
Overall 262 students of 2013-15 batch received their Post Graduate Diplomas on the occasion including 148 Post Graduate Diploma in Management (PGDM) students, 42 students of PGD in Human Resource Management (PGDHRM) , 53 students of Executive PGDM (PGEXP) and 19 students of PG Programme in Energy Management (PGEMP).
