CURRENT AFFAIRS

Detailed explanation-1: -The Centre for Digital Transformation at the Indian Institute of Management (IIM) in Ahmedabad has recently set up a retail tech consortium and plans to collaborate with several retail and technology organisations in India.

Detailed explanation-2: -The Indian Institute of Management Ahmedabad (IIM-A) has formed a retail tech consortium for consumer research, and industry best practices. E-commerce major Flipkart has joined in as its principal partner in the first year.

Detailed explanation-3: -The Indian Institute of Management (IIM) in Ahmedabad’s Centre for Digital Transformation recently launched a retail tech consortium, with intentions to partner with a number of retail and technology companies in India.

Detailed explanation-4: -The establishment of IIMs was initiated by Jawaharlal Nehru, the first prime minister of India, based on the recommendation of the Planning Commission of India. (FY2022–23 est.)

Detailed explanation-5: -IIM Calcutta was the first Indian Institute of Management to be established in India in 1961. IIM colleges in India are designated as Institutions of National Importance by the Ministry of Human Resource Development (MHRD).