(a) the funds allocated to the Indian Institute of Corporate Affairs (IICA) during the last three years;
(b) whether the funds allocated towards IICA have been reduced over the years;
(c) if so, the reasons therefor; and
(d) whether the IICA is to be self-sustainable and the revenue driven activities undertaken by the Institute to ensure that it becomes self-sustainable and if so, the details thereof?
THE MINISTER OF STATE IN THE
MINISTRY OF CORPORATE AFFAIRS (SHRI ARJUN RAM MEGHWAL)
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(a) to (c): The Government has released the following funds to the Indian Institute of Corporate Affairs (IICA) in the last three financial years :
(Rupees in Crore)
Financial Year 2014-15 2015-16 2016-17
Amount released 16.69 14.90 10.00
With the increased revenue generation capacity of the Institute, the requirement of Government support has gone down.
(d): Yes Madam. Government has vision to make IICA self-sustainable through revenue driven activities by taking various short-term/long-term capacity building programmes, research projects, advisory services in the field of company law, Insolvency and Bankruptcy Code, corporate governance, competition law & market regulation, corporate data management, organaizing short term executive development and training programmes in Corporate Social Responsibility and sustainability.
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