The ministry said that it was revoking the suspension of deemed recognition of IOA handed down on December 30 last following its admission of "faux pas" while making Kalmadi and Chautala as life presidents.
"Government has decided to revoke the suspension of deemed recognition of IOA with immediate effect in the light of the corrective action taken by them in reversing its earlier decision making Shri Abhay Singh Chautala and Shri Suresh Kalmadi, Life Presidents of IOA," the ministry said in a statement.
The ministry, however, asked the IOA to uphold the highest standards of probity and ethics in future also.
"Since IOA has admitted the faux pas committed and regretted the inconvenience and embarrassment caused to all concerned, it is expected of IOA that it will uphold the highest standard of probity and ethics in its functioning in future," the ministry said.
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"If the ministry revokes the suspension, it is good news for IOA. As far as I am concerned, if the government revokes the suspension, I am thankful to the ministry," Ramachandran told PTI.
"In the Annual General Meeting held in Chennai on
27.12.2016, at the fag end of the meeting a point was raised by a member stating that IOA should nominate two life presidents. As no notice in writing was received at least 7 clear days as per the Constitution Clause VII no resolution was put to vote and passed," Ramachandran had claimed.
Kalmadi and Chautala were elevated to the honorary position at the IOA's Annual General Meeting (AGM) in Chennai on December 27, but the Olympic body was forced to reverse its decision after it was opposed by a majority of IOA members.
While Kalmadi is an accused in the 2010 Commonwealth Games corruption scam and has also spent nine months in jail, Chautala is facing a trial in disproportionate assets case.