23 November 2017 Current Affairs: The Union Cabinet approved the continuation of the scheme on Indian Institute of Corporate Affairs (IICA) for another three financial years (FYs 2017-18 to 2019-20).
This decision will make IICA self-sustainable by the end of FY (2019-20).
It is is an agency under the aegis and jurisdiction of Ministry of Corporate Affairs.
It handles and deals with various subjects, matters, and affairs of corporate affairs regulation, governance, and policy.
It was established in 2008 at Manesar, Gurgaon (Haryana).