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Home News News and Press Release Month 5 2016 2016 (5) This

Indian Institute of Corporate Affairs

6-5-2016
  • Contents

The Ministry of Corporate Affairs has established the Indian Institute of Corporate Affairs (IICA) at IMT, Manesar (Haryana) to function as a Think-Tank, as well as a Capacity Building and Service Delivery Institute to help in Corporate Governance, Reforms & Regulations through synergized knowledge management, partnership and problem solving in a One-Stop-Shop mode.

Since its inception the Government has released Grants-in-aid of ₹ 71.89 crore to the IICA, so far, as per the following details:

Sl. No

Financial Year

Amount released (Rs. in Crore)

1.

2008-09

2.70

2.

2009-10

3.00

3.

2010-11

5.37

4.

2011-12

3.00

5.

2012-13

8.00

6.

2013-14

18.23

7.

2014-15

16.69

8.

2015-16

14.90

 

Total

71.89

During the period 2008-09 to 2015-16 the Institute has utilized ₹ 68.39 crore for running the Institute and expenditure towards various training programmes conducted by its Schools and Centres.  In addition, in FY 2015-16 ₹ 3.50 crore was released to IICA for strengthening of ICLS Academy.

This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha today.

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