Unfair Trade Practices by IIPM

PIB Press Release: (Aug. 14) - Based on the complaints received and suo-motu on the basis of the information given on the website of Indian Institute of Planning & Management (IIPM) offering free international study tours and free laptops to students of MBA/BBA, the Monopolies and Restrictive Trade Practices (MRTP) Commission has initiated action against the IIPM. The matter has been referred to the Director General (Investigation & Registration) to investigate and file the Preliminary Investigation Report. The MRTP Commission can take cognizance of such advertisements under the provisions of MRTP Act.

All India Council for Technical Education (AICTE) has issued a show cause notice to the Indian Institute of Planning and Management, New Delhi and has placed the name of the Institution in the list of Institutions which are running technical courses without their approval, on their web-site.

This information was given by Shri Prem Chand Gupta, Minister of Corporate Affairs in reply to the questions raised by Shri Dharam Pal Sabharwal in Rajya Sabha today.