The IIMs want the government out of their affairs. What this will do is that the IIMs will become no more than a placement agency for Indian and more so for foreign business houses.
The IIMs will be completely dependent on the industry for meeting expenditure. I am afraid this will lead to a real loss of "autonomy". There is a conspiracy theory ( conspiracy since I have only heard this from the alumni) about a B school in the eastern part of the country which give out favourable reviews of rehabilitation projects of mining companies only because a large part of revenue is derived from these companies which conduct MDPs for their executives in this B school.
The IIMs have to realise that they are a "management"institute and not a Business school. They also conduct research studies which are supposed to be unbiased and in line with the best interests of the society. This will be lost as they depend on large corporations for revenue generation.
When the government is extending a warm welcome to professionals from private sector (Nandan Nilekani of UIDAI, Arun Maira in the Planning Commission), why are the IIMs so keen on getting the government out of their affairs.
Also, the IIMs especially A, took on Murli Manohar Joshi when he decided to reduce fees. The same IIMs did not even complain when Arjun Singh autocratically and cunningly raised the quotas for OBCs. All of them increased their intake quietly.
There is a protest though against this vocal desire of getting "autonomy". Prof. TT Rammohan, a senior faculty member of IIMA has questioned the rationale of asking the government to leave the IIMs to run on their own.
I think it time the IIMs delve into some introspection and there would be no better guiding light than the vision of each IIM which would always look at IIMs as more than just producing managers for business houses.