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Morning Brief (ET Bureau) Indulekha Aravind | 30:28 Min | May 18, 2021, 8:00 AM IST Onerous restrictions on NGOs receiving foreign funds have made it hard for them to provide much-needed aid during the ongoing pandemic. Ingrid Srinath, director, Centre for Social Impact & Philanthropy at Ashoka University, and Sachin Jain, founder of Vikas Samvad Samiti, explain the ramifications.The news clip used in the episode belong to Times Now. Priyanka Chopra s plea for donation for India was posted by her on her Instagram handle. Tags ....
Leading voluntary organisations lamented that "at a time of historic need, the sector is paralysed by the increased burden of regulatory compliance". ....
SBI’s New Delhi Main Branch opens 13,729 FCRA accounts May 17, 2021 FCRA Act regulates acceptance and utilisation of foreign contribution by individuals, associations and companies State Bank of India’s New Delhi Main Branch (NDMB) has opened 13,729 Foreign Contribution (Regulation) Act (FCRA) accounts till date. This branch was designated to open FCRA accounts by Ministry of Home Affairs (MHA) in October 2020. Out of the total 22,598 active FCRA Associations, 17,611 entities (NGOs and Associations) approached SBI for opening of FCRA Accounts, India’s largest bank said in a statement. New provision in Act The FCRA Act regulates the acceptance and utilisation of foreign contribution by individuals, associations and companies. Also, a new provision that makes it mandatory for all non-government organisations and associations to receive foreign funds in a designated bank account (SBI’s New Delhi Main Branch) has been inserted in the Act. ....
Can deadline for opening FCRA accounts be extended, Delhi HC asks Centre Updated: Updated: NGOs move court seeking extension of April 1 deadline in view of the pandemic Share Article NGOs move court seeking extension of April 1 deadline in view of the pandemic The Delhi High Court has asked the Ministry of Home Affairs to consider if the April 1, 2021, deadline for opening Foreign Contribution (Regulation) Act (FCRA) account for NGOs seeking to receive foreign funds can be extended in view of the COVID-19 pandemic. Justice Prathiba M. Singh also asked the Ministry whether it could allow NGOs which have not been able to open FCRA accounts to receive foreign contributions, as long as they maintain records of the same, in accordance with the provisions of the Foreign Contribution Regulation Act, 2010. ....
Nasscom urges govt to temporarily relax FCRA Act SECTIONS Last Updated: May 13, 2021, 01:10 AM IST Share Synopsis Nasscom said that providing a temporary waiver to the FCRA Act would enable the industry to bring in the required aid to India. AP Doses of the Pfizer coronavirus vaccine are seen being prepared on Wednesday, May 12, 2021, in Decatur, Ga. Hundreds of children, ages 12 to 15, received the Pfizer vaccine at the DeKalb Pediatric Center, just days after it was approved for use within their age group. (AP Photo/Ron Harris) IT industry body Nasscom has urged the government to temporarily relax the Foreign Contribution Regulation Act (FCRA) and liberalise the import of WHO-approved vaccines to harness resources by the tech industry for tackling the second Covid-19 wave. ....