[1] The galleries of the Academy provide a whopping 6,300 square feet of space and has an auditorium, a conference centre, and several important and priceless collections of paintings, textiles, etc.

[2] The Academy which was once a coveted destination for new-age artists and theatre performers who came in the wake of the Independence, defining new styles, forms, genres, and creative sensibility, has dwindled in status.

[2] Today it has largely become a space for amateur artists who cannot make otherwise clear the cut in the city's more gorgeous, and global galleries, to showcase and exhibit their works.

According to Tapati Guha Thakurta, a leading historian, and scholar, particularly of the Bengal School and its evolution, notes how the Academy after its humble beginnings, and during the able trusteeship of Lady Ranu was the "nerve centre" of the city, and a space for "public art culture".

The opening up of new galleries in the city, with their more market-oriented approach overshadowed the once famous destination, and the Academy failed to keep up with the transformations in the field of art as Guha Thakurta points out.

The emergence of new gallery spaces, like the Centre for International Modern Art (CIMA), with a fresh ambiance that caters to new generations, and serves the interests of the wealthier, global clientele, and an organised market of buyers, artists, and curators, has disadvantaged the Academy that was known for its accessibility by multiple and wider audiences.

It barely manages to clear the wages of its staff, and requires major investments to overhaul the institution, concerted efforts to save its legacy, art collections, and its creative space, and reinvent itself as being contemporaneous and relevant before it completes its centenary in 2023.