-Hindustan Times The average PE (price earnings) multiple of Sensex companies , which measures the price of a stock as a multiple of its earnings per share, has risen to 31.49 in the current month, the highest since 1998-99 . The BSE Sensex, India’s benchmark stock market index, reached an all-time high of 44,825 on Wednesday, November 25. There is reason to believe that speculation and external tailwinds, rather than strong fundamentals,...
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UN human rights commissioner objects to Stan Swamy's arrest, use of FCRA on NGOs
-Counterview.net Objecting to the use of the Foreign Contribution Regulation Act (FCRA) against Amnesty International, forcing the top NGO to close its office in India, and the arrest human rights activists, especially 83-year-old Fr Stan Swamy, the UN High Commissioner for Human Rights Michelle Bachelet has asked the Government of India to safeguard the rights of human rights defenders and NGOs, and their ability to carry out their crucial work on...
More »Civil society gears up for big funds squeeze -Sayantan Bera
-Livemint.com * New norms on foreign donations and covid-19 could end up shrinking the money pool for philanthropy and CSR * Domestic philanthropic spending has grown at a fast clip, but a closer look reveals a bias on priorities set by Indian donors as well as the geographical spread of funds NEW DELHI: Arpan is a small non-profit working out of remote Pithoragarh district of Uttarakhand, bordering Nepal. It helps primitive tribal groups...
More »‘FCRA Bill will be a death blow to relief, community support work of NGOs’
-The Indian Express NGOs are specifically rattled by the proposed ban on transfer of foreign contribution from one FCRA-registered NGO to another. As the government pushes the Foreign Contribution Regulation (Amendment) Bill in Parliament amid criticism from the Opposition, its provisions have caused a lot of discomfort among NGOs, which argue that their space will increasingly shrink if it becomes law. NGOs are specifically rattled by the proposed ban on transfer of foreign...
More »PM CARES Fund gets FCRA exemption without meeting pre-condition of CAG audit -Priscilla Jebaraj
-The Hindu Need to seek consent from PM CARES before giving info on FCRA exemption: MHA response to RTI The PM CARES Fund has received exemption from all provisions of the law meant to regulate foreign donations, although it does not seem to meet the pre-condition of being a body established and owned by the government whose accounts are audited by the Comptroller and Auditor General of India (CAG). Responding to a recent...
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