Tag: Foreign Funds

Mumbai: Higher crude oil prices and gold imports widened India’s current account deficit (CAD) to $19.1 billion during the second quarter of 2018-19 from $15.9 billion in the preceding quarter and $6.9 billion in the corresponding period of 2017-18, the Reserve Bank of India (RBI) data showed on Friday. “India’s CAD at $19.1 billion (2.9 […]

Mumbai: Wider trade deficit, along with recent outflow of foreign funds, weakened the Indian rupee to a fresh record low during the early morning trade session on Thursday. At 9.45 a.m., the rupee traded at 70.18-19 after it had plunged to 70.32-33 — the lowest ever — against the greenback. On Tuesday morning, the Indian […]

New Delhi: The HRD Ministry today clarified that the institutions created through an Act of Parliament do not need an FCRA licence to receive foreign funds. The Home Ministry has cancelled the FCRA licences of several hundred organisations, including DU, JNU and IIT Delhi, for failing to file annual returns for five consecutive years. “Institutions […]

New Delhi: The Lok Sabha on Monday unanimously passed a Bill making Aadhaar mandatory for registration of organisations receiving foreign funds and to give the government powers to stop utilisation of foreign funds by an organisation through a “summary enquiry”. The Foreign Contribution (Regulation) Amendment Bill, 2020, which seeks amendment to the Foreign Contribution (Regulation) […]