Foreign Funding

Amid constant fear of layoffs, employees at startups looking for a way out

People working at these firms have witnessed their colleagues being shown the door. Many have left on their own or are looking for options

Indian NGOs received Rs 2,430.80 cr in foreign funding in 3 years

A total of Rs 2,430.84 crore in foreign funding has been received by Indian NGOs in the last three years, Minister of State for Home Nityanand Rai informed Rajya Sabha on Wednesday. An amount of Rs 905.50 crore in foreign funding has been received by NGOs in 2021-22, Rs 798.18 crore in 2020-21 and Rs 727.16 crore in 2019-20, he said in a written reply. The minister said as on March 10, 2023, the FCRA registration certificate of 16,383 NGOs is valid, out of which 14,966 NGOs have submitted mandatory annual returns for the financial year 2021-22 under the Foreign Contribution (Regulation) Act, 2010. He said some complaints had been received in the past regarding misutilisation or diversion of foreign contributions by the FCRA registered associations and such complaints are dealt with in accordance with the provisions of the Act and rules.

FCRA registration of 1,811 NGOs cancelled in three years, says govt

The FCRA registration of 1,811 NGOs were cancelled by the government between 2019-21 for alleged violation of law, Union Minister of State for Home Nityanand Rai said in Lok Sabha on Tuesday. According to the law, any NGO which intends to receive foreign funding must register itself under the FCRA. "During the last three years i.e. 2019 to 2021, the FCRA registration certificates of 1,811 associations have been cancelled under section 14 of The Foreign Contribution (Regulation) Act, 2010 (FCRA, 2010) due to violation of provisions of the FCRA, 2010," he said in a written reply to a question. Rai said whenever any inputs pertaining to use of foreign contribution to spread terror activities are received by the ministry, appropriate action under the FCRA, 2010 and other extant laws and rules is taken.

Pakistan: Former PM Imran Khan faces arrest in foreign funding case

Pakistan's Federal Investigation Agency has decided to arrest former PM Imran Khan if he fails to appear before the investigation committee or respond to the notices

Rupee declines to record low of 80.01 to a dollar as foreign funds exit

The currency has been buffeted by nearly $30 billion of foreign outflows from the nation's equities so far this year -- a record sum

Pak HC orders EC to decide on foreign funding case against PTI in a month

Pakistan High Court on Thursday ordered the Election Commission of Pakistan (ECP) to decide on the foreign funding case against the Pakistan Tehreek-e-Insaf (PTI) within a month.

FCRA licence of Missionaries of Charity restored, can receive foreign funds

An MHA official said that with the restoration of the FCRA licence, the Kolkata-based famed organisation will be able to receive foreign fundings and can also spend the money lying in the banks

Fund of confusion

FCRA policy should benefit from transparency

Best of BS Opinion: Sugarcane pricing, higher tax-GDP, and more

Here's a selection of Business Standard opinion pieces for the day

An irrational fear of civil society

Through a series of innovative measures, the government has succeeded in kneecapping NGOs, if not finishing them off entirely

Decoded: Seizing India's foreign assets won't be easy for Cairn Energy

India can challenge the award in the courts of the seat of the arbitration - in this case, the Dutch courts

Tracing the broad spectrum of NGO foreign funding ecosphere in India

According to FCRA, NGOs are only eligible for FCRA registration if they have been in existence for at least three years

Foreign ownership limits: MSCI India to see passive inflow of $2.5 billion

Back in April 2020, the investment legroom for foreign investors in several Indian companies had gone up following the government's decision to automatically treat the sectoral limit as the FPI limit

US colleges 'massively' underreport foreign funding, says Trump admin

The Education Department released the report amid its effort to enforce a 1986 law requiring US universities to disclose gifts and contracts of $250,000 or more from foreign sources

Space tech start-up Pixxel to launch satellite on Russian Soyuz rocket

India's first private earth imaging company raises $5 million in seed funding in Blume Ventures-led round

Govt bid to allow foreign funding of parties

Until now, the Foreign Contribution (Regulation) Act, 2010 banned political parties from receiving funds from any foreign source