Section 5
Grants, loans, etc., by Central Government to the Institute.
The Indian Statistical Institute Act, 1959
About this Act
An Act to declare the institution known as the Indian Statistical Institute having at present its registered office in Calcutta to be an institution of national importance and to provide for certain matters connected therewith.
For the purpose of enabling the
Institute to discharge efficiently its functions, including research, education, training, project activities
and statistical work relating to planning for national development, the Central Government may, after due
appropriation made by Parliament by law in this behalf, pay to the Institute in each financial year such
sums of money as that Government considers necessary by way of grant, loan or otherwise.