Transfer of foreign funds from NGOs to its associations witness steep fall in FY 2020-21: MoS Home

The transfer of foreign funds received by parent Non-Governmental Organisations (NGOs) to its associations has witnessed a steep fall in the financial year 2020-21, Minister of State for Home Affairs Nityanand Rai informed on Tuesday. In a reply to a question over foreign contribution to NGOs, Rai said that in the financial […]

18377 NGOs open SBI accounts to receive foreign funds after amendment in FCRA: MoS Home

Minister of State for Home Affairs, Nityanand Rai, on Wednesday informed that under the Foreign Contribution (Regulation) Amendment Act 2020, all foreign-funded NGOs have to compulsorily open an FCRA account in State Bank of India’s main branch at New Delhi for initial remittance/receipt of foreign contribution (FC) from a foreign […]