Syllabus: GS2/ Polity
Context
- The Indian Statistical Institute Bill, 2026, has been referred to the Department-Related Standing Committee on Finance for detailed examination.
About
- The Indian Statistical Institute Bill, 2026, provides a legal framework for the Indian Statistical Institute, Kolkata (ISI).
- The Bill seeks to repeal and replace the Indian Statistical Institute Act, 1959.
Indian Statistical Institute
- Professor P.C. Mahalanobis founded the Indian Statistical Institute in Kolkata in 1931.
- The institute gained the status of an Institution of National Importance by an act of the Indian Parliament in 1959.
- ISI provides education, research, and training in statistics.
Key Provisions of the Bill
- Incorporation: ISI is presently registered as a society under the West Bengal Societies Registration Act, 1961.
- The Bill provides that ISI will be a corporate body and will be a not-for-profit legal entity.
- Visitor: The President of India will be the visitor of the institute.
- Board of Governors: ISI will have a Board of Governors as the principal policy-making executive body.
- The Chairperson of the Board will be a distinguished person in academia, industry, education, public policy, statistical sciences and allied sciences, or other such fields.
- The Chairperson will be nominated by the Visitor on the recommendation of the central government.
- Councils: The Bill establishes;
- An academic council as the principal academic body to decide matters such as courses, admissions, examinations, and evaluation,
- A finance committee to scrutinise accounts and expenditure, and
- A management council for each centre.
- Director: The Board will appoint a Director who will be the chief executive officer, with prior approval of the Visitor. The Director will be responsible for implementing the decisions of the Board and the academic council.
What are Parliamentary Standing Committees?
- Parliamentary Standing Committees (PSCs) are permanent committees of Parliament constituted to examine, scrutinise, and oversee the functioning of the executive.
- These committees continue to function throughout the year, unlike ad hoc committees, which are temporary.
- Types of Parliamentary Standing Committees:
- Department-Related Standing Committees (DRSCs): It examines demands for grants from ministries, bills referred to them and policy issues. Example: Parliamentary Standing Committee on Finance
- Financial Committees: Public Accounts Committee (PAC), Estimates Committee and Committee on Public Undertakings.
- Other Standing Committees: Business Advisory Committee, Committee on Privileges and Rules Committee.
Source: TH
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