<h1>Bill seeks to amend Indian Institutes of Management Act to add IIM Guwahati as institution of national importance</h1> A bill introduced in the lower house seeks to amend the Indian Institutes of Management Act to add an IIM in Guwahati to the schedule, thereby declaring it an institution of national importance. The draft law cites a memorandum of settlement among the central government, the state government and representatives of a regional armed group, which includes a Special Development Package listing the IIM's establishment as a project. The proposal responds to the state's request for an IIM given its population and lack of such an institution; 21 IIMs are currently specified in the Act.