Photo: The Economic Times
Foreign-Funded Projects Get 'shield' Against High Court Scrutiny: Supreme Court
The Supreme Court stated that High courts should be extremely “careful and circumspect” in staying the execution of foreign-funded projects of national importance. The reaction came after Delhi High Court ordered the National High-Speed Rail Corporation to reconsider the bid of a Gujarat-based construction firm disqualified from participating in the Bullet Train project. ''Any delay in the execution of megaprojects may not be in the larger… read-more
Tags: India, Supreme Court, Foreign Funding, mega project, High Court
Courtesy: Hindustan Times
Photo: Deccan Herald
Jamia Millia Among 5,789 Entities Whose Foreign Funding Ceased
Foreign funding of 5,789 entities, including the Indian Institute of Technology Delhi, Jamia Millia Islamia University, India Medical Association, the Medical Council of India, has been ceased by the government. Reportedly, these organisation failed to renew their licence under the Foreign Contribution (Regulation) Act. However, the government received 12,989 applications for renewal out of 18,778 organisations whose licence were to expire… read-more
Tags: Jamia Mllia, FCRA, Foreign Funding, licence, Indian government
Courtesy: The Telegraph
Photo: India Today
Government Tightens FCRA Rules For Foreign Funding Of NGOs
The Foreign Contribution (Regulation) Act’s new rules have mandated a minimum three years of operation for any NGO to procure foreign funds. NGOs must have spent at least 15 lakh on its core activities in those three years. Centre further notified that if the sum exceeds 1 crore, it should be paid in instalments only after 75% of previous instalment is properly utilised. The donors will also have to submit a commitment letter before donating… read-more
Tags: NGO, FCRA, Foreign Funding, NGO Foreign Funds, Ministry of Home Affairs
Courtesy: Indian Express
