Indian Statistical Institute (ISI) Act, 1959

Indian Statistical Institute (ISI) Act, 1959 Latest News

More than 1,500 academics have expressed grave concerns and held demonstrations in Kolkata to protest a Central government plan to repeal the Indian Statistical Institute (ISI) Act, 1959.

About Indian Statistical Institute (ISI) Act, 1959

• The Indian Statistical Institute was founded by Professor P.C. Mahalanobis in Kolkata on 17th December, 1931. 
• The ISI, established earlier as a society, plays a crucial role in statistical research, education, and training in India. 
• The ISI Act 1959 primarily applies to the ISI, its governing body, employees, and students. 
• The Act aimed to recognize the ISI’s contributions to national development and provide it with the necessary autonomy and support to carry out its functions effectively. 
• The ISA Act 1959 declared the ISI an institution of national importance. 
• This Act falls under the Ministry of Statistics and Programme Implementation.

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Salient Features of Indian Statistical Institute (ISI) Act, 1959

• Empowers the ISI to grant degrees and diplomas in statistics, mathematics, quantitative economics, computer science, and related subjects.
• Provides for grants, loans, and other financial assistance from the Central Government.
• Mandates the audit of the Institute’s accounts by qualified auditors.
• Requires prior approval from the Central Government for certain actions by the Institute, such as altering its objectives, amending its memorandum, or disposing of certain properties.
• Provides for the constitution of committees by the Central Government to prepare the Institute’s program of work and review its activities.
• Empowers the Central Government to issue directions to the Institute.
• Allows the Central Government to assume control of the Institute under certain circumstances.

Source: TH