-The Hindu FCRA approvals take a lot of time, the government needs to urgently grant an exemption for all such donations, tax and legal experts said. Indian entities, including hospitals and charitable trusts, hoping to receive COVID-19 relief material from overseas individual donors or donor agencies, could be in trouble, unless they are registered under the Foreign Contribution Regulation Act (FCRA) with a stated objective involving provision of medical care. On May 3,...
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India tightens oversight on funds received by NGOs -Vijaita Singh
-The Hindu New guidelines to banks on Foreign Contribution (Regulation) Act rules. The Ministry of Home Affairs (MHA) has laid down a charter for banks which says that “donations received in Indian rupees” by non-governmental organisations (NGOs) and associations from “any foreign source even if that source is located in India at the time of such donation” should be treated as “foreign contribution”. As per the existing rules, all banks have to report...
More »3,292 NGOs have 15 days to comply with FCRA Rules or have their licences cancelled -Neeraj Chauhan
-The Times of India NEW DELHI: The ministry of home affairs has issued notices to 3,292 NGOs/associations including Delhi University, JNU, IGNOU, IIT Madras and others asking them to submit their annual returns from 2011-12 to 2016-17 within the next 15 days or face cancellation of licence under FCRA 2010. In an order issued this week, the ministry has asked the associations registered under Foreign Contribution Regulation Act (FCRA) 2010 to submit...
More »Don't believe the BJP and Congress claims that they're cleaning up poll funding -Milan Vaishnav
-ThePrint.in The larger lesson is clear: in an era when the Congress & the BJP can agree on next to nothing, they will gladly join hands to save their own skin. Among all the talk of the aam aadmi focus emerging from last week’s Budget, many people may have missed one of its most self-serving acts. This manoeuvre found no mention in the Union Finance Minister’s presentation itself, but was instead buried...
More »Likely soon: NGOs? FCRA data for govt?s ready perusal -Bharti Jain
-The Times of India NEW DELHI: The government may soon require all NGOs registered or granted prior permission to receive foreign funds under the Foreign Contribution (Regulation) Act, 2010, to allow the Centre to access details of their FCRA accounts in real time. According to amendments proposed by the Union home ministry to the Foreign Contribution (Regulation) Rules (FCRR), 2011, the NGOs may give the consent in writing at the time of...
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