IIM F

The HRD Ministry today approved the setting up of a new IIM, IIM-F, short for IIM - Fake. This will be first IIM which will not be in India, and the ministry has chosen a central European city of Fucking, as the location of the new institute.

The admission process to this institute will also be different. The first hurdle, which the aspirants have to pass is clear the FAT, abbreviation for Faltu Admission Test. The format of the test is yet to be finalized, but sources said that the test will aim to judge mainly one quality of the aspirants, FATe, thus justifying the name given to the test. Inside sources said that, the test might consist tossing coins for 2 hours and 15 minutes, with top 1% of the aspirants who turn up the most number of heads will be given a chance to move to the next stage of selection process, the interviews.

The interviewers are expected to check whether the candidate can think "into the box" or not. Inside sources also said the interviewers do not want alumni of the top engineering institutes, like TII-B, TII-D, etc to get into this IIM, because they don't think in this way.

The course structure is yet to be finalized but an outline has been made. There will be periodic assignments given in each of the courses. Credits will be given only if the student copies blatantly from a source. Negative credits will be given if the assignment is found to be original. When a company called Xerox came to know about this course structure, it immediately agreed to come to the institute for placements, promising that it will take atleast 100% of the students. Thus, It's poised to become the first institute with 100% placement guarantee even before its inception.

The ministry has decided to reserve 50% of the seats in this prestigious institute for the residents of Fucking. Although this move might improve the economy of the city, its believed that rampant corruption among the administrators will make it very easy to prove that the candidate belongs to the city.