Consider the following statements regarding the Indian Statistical Institute (ISI) Act, 1959 -
- The Act recognizes ISI as an institution of national importance and empowers it to grant degrees and diplomas in subjects like statistics, mathematics, and computer science.
- The ISI Act, 1959, requires prior approval from the Central Government for altering the objectives of the Institute, amending its memorandum, or disposing of certain properties.
- The Act places the ISI under the administrative control of the Ministry of Education.
- The Act mandates that the Institute's accounts be audited by the Comptroller and Auditor General of India.
Which of the statements given above are correct?
Explanation - The Indian Statistical Institute was founded by Professor P.C. Mahalanobis in Calcutta in 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 recognise 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 (not Ministry of Education). Salient Features of 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 (not specifically CAG). 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.
Explanation - The Indian Statistical Institute was founded by Professor P.C. Mahalanobis in Calcutta in 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 recognise 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 (not Ministry of Education). Salient Features of 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 (not specifically CAG). 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.