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Consider the following statements regarding the Foreign Contribution (Regulation) Act:
1. The Ministry of Finance is the nodal ministry of the regulation of foreign contribution.
2. It is mandatory to open a bank account in State Bank of India (SBI) branch in Delhi to receive foreign contributions.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements regarding the Foreign Contribution (...
Foreign Contribution (Regulation) Act (FCRA)
- Recently, the Ministry of Home Affairs amended certain provisions of the Foreign Contribution (Regulation) Act (FCRA). Hence statement 1 is not correct.
- The Ministry of Home Affairs had made the FCRA rules tougher in November 2020, making it clear that NGOs (Non-Government Organizations) which may not be directly linked to a political party but engage in political action like bandhs, strike or road blockades will be considered of political nature if they participate in active politics or party politics.
- According to the law, all NGOs receiving funds have to register under the FCRA.
- The Ministry of Home Affairs as told Delhi High Court that all non-government organisations (NGOs), except one, have been granted permission to open bank accounts with the State Bank of India (SBI) in New Delhi under the amended Foreign Contribution Regulation Act (FCRA), 2020. Hence statement 2 is correct.
- The FCRA was enacted during the Emergency in 1976 in an atmosphere of apprehension that foreign powers were interfering in India’s affairs by pumping in funds through independent organisations.
- These concerns had been expressed in Parliament as early as 1969.
- The law sought to regulate foreign donations to individuals and associations so that they functioned “in a manner consistent with the values of a sovereign democratic republic”.
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Consider the following statements regarding the Foreign Contribution (Regulation) Act:1. The Ministry of Finance is the nodal ministry of the regulation of foreign contribution.2. It is mandatory to open a bank account in State Bank of India (SBI) branch in Delhi to receive foreign contributions.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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