Bill To Provide Statutory Framework To Indian Statistical Institute In Lok SabhaBill to provide a statutory framework to the Indian Statistical Institute up for introduction in the Lok Sabha. Bill To Provide Statutory Framework To ISI In LSNew Delhi: The government is set to introduce a bill in the Lok Sabha to widen the remit of the Indian Statistical Institute (ISI) and align its legal framework with evolving needs. The Indian Statistical Institute Bill, 2026, seeks the institute's incorporation as a ' body corporate ' to strengthen its governance, promote academic excellence and research, and allow it to serve the emerging needs in the field of Statistics and allied fields. The institute will have an Academic Council, which will act as a principal academic body and will be headed by the institute's director. The Act was amended in 1995 to empower the Institute to grant degrees and diplomas in Statistics.