-The Times of India NEW DELHI: After suspending the FCRA registration of Greenpeace India and putting foreign donor Ford Foundation on the watchlist, the government has now cancelled the licences of 8,975 NGOs for failing to file annual returns for the years 2009-10, 2010-11 and 2011-12. In a cancellation order issued on Sunday, the Union home ministry recalled that it had issued notices to 10,343 NGOs on October 16, 2014, stating that...
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The foreign donors on govt’s watch list
-The Indian Express From Greenpeace to a Danish government wing to church-backed NGOs, the government has put 14 foreign donors in the “prior approval” category; any transaction they make through Indian banks will need Home Ministry clearance. Among the allegations against them is that they were funding anti-India activities and clandestinely routing money to Greenpeace India. DENMARK DANIDA: Danish International Development Agency, the humanitarian aid wing of Denmark’s foreign ministry. Dan Church Aid: Funded...
More »Financing Swachh Bharat -Nitya Jacob
-The Hindu Business Line It's a huge exercise in collective cleanliness which needs massive funding and human resources. Cosmetics won't work At first glance, the government has not put its money where its mouth is. Just ₹2,625 crore have been provided for the Swachh Bharat Mission in the Budget. This is against ₹4,620 crore in 2014-15 and ₹3,500 crore the year before. The drop is puzzling till one looks at the Budget...
More »A third of top 500 firms’ books dodgy: SFIO -Subhomoy Bhattacharjee
-The Financial Express A forensic report prepared for the Serious Fraud Investigation Office (SFIO) shows over a third of India's top 500 companies, including those in the top 100, are "managing" their accounts. It finds that companies where promoters hold more than 50% of total shareholding are more likely to take such steps to impress markets with their performance. Both domestic companies and subsidiaries of multinationals listed in India show similar trends...
More »Greenpeace India barred from receiving foreign funding
-The Times of India NEW DELHI: The government on Thursday suspended Greenpeace India's Foreign Currency Regulation Act registration under which it receives funds from abroad. The government also issued a showcause notice to Greenpeace India asking why it's registration should not be terminated. Greenpeace India has on Wednesday alleged that the Union home ministry was "once again" seeking to block foreign funds being sent to it and said it was going to seeking...
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