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.
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
Indian Statistical Institute (ISI) Act, 1959 FAQs
Q1: When was the Indian Statistical Institute founded by P.C. Mahalanobis?
Ans: 17th December, 1931
Q2: In which city was the Indian Statistical Institute established in 1931?
Ans: Kolkata
Q3: What is the primary purpose of the ISI Act, 1959?
Ans: The primary purpose of the ISI Act, 1959 is to recognize the Indian Statistical Institute (ISI) as an institution of national importance.