Advertisement
Sunday, Dec 05, 2021
Outlook.com
Outlook.com

Rs 49,000 crore foreign funding to Indian NGOs in 3 yrs Rs 49,000 crore foreign funding to Indian NGOs in 3 yrs New Delhi, Au''

Rs 49,000 crore foreign funding to Indian NGOs in 3 yrs Rs 49,000 crore foreign funding to Indian NGOs in 3 yrs New Delhi, Au''
outlookindia.com
1970-01-01T05:30:00+0530
New Delhi, Aug 11 (PTI) Over Rs 49,000 crore in foreign funds were received by more than 18,000 NGOs in the country in the last three years, Rajya Sabha was informed on Wednesday.

Union Minister of State for Home Nityanand Rai said Rs 16,940.58 crore were received by the NGOs in 2017-18, Rs 16,525.73 crore were received in 2018-19 and Rs 15,853.94 crore in 2019-20.

Rai, in a written reply to a query, said that prior to the enactment of The Foreign Contribution (Regulation) Amendment Act 2020, exclusive FCRA bank accounts could be opened in any branch of scheduled banks.

The Foreign Contribution (Regulation) Amendment Act 2020, mandates that each FCRA NGO has to now compulsorily open an ''FCRA account'' in SBI, Main Branch, New Delhi for initial remittance/receipt of foreign contribution (FC) from a foreign source.

The State Bank of India has informed that as on July 31, 2021, a total of 18,377 designated FCRA accounts have been opened with SBI, New Delhi Main Branch, Rai said. PTI ACB RT

RT

RT


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

More from Website

SEBI To Stipulate Disclosures For Mutual Fund Schemes With ESG Theme: Ajay Tyagi

SEBI To Stipulate Disclosures For Mutual Fund Schemes With ESG Theme: Ajay Tyagi

Tyagi stressed the need for in-depth research on ESG norms with a focus on developing high quality, objective, content-specific rating matrices.

VVS Laxman To Join NCA On December 13; India To Send Jumbo Squad To South Africa

VVS Laxman To Join NCA On December 13; India To Send Jumbo Squad To South Africa

VVS Laxman, along with the appointment of former Australia and England bowling coach Troy Cooley as the pace bowling coach of National Cricket Academy, was finalised during BCCI's Annual General Meeting in Kolkata.

ISL 2021-22: Last-minute Goal Seals NorthEast United's 2-1 Win Over FC Goa

ISL 2021-22: Last-minute Goal Seals NorthEast United's 2-1 Win Over FC Goa

NorthEast United found the opener through Rochharzela (10') but Alexander Romario Jesuraj (13') equalised minutes later for FC Goa. Khassa Camara then scored in the injury time to give the Highlanders their first win of ISL 2021-22.

More from Outlook Magazine

Diary | I Want To Fly: The Unrealised Dreams Of An Ex-Banker And Mother

Diary | I Want To Fly: The Unrealised Dreams Of An Ex-Banker And Mother

Kaveri Mishra, an ex-banker and a mother, turned into a full-time home-maker four years back. What holds her back every time she wants to return to her career?

India Needs Kabir Today More Than Any Other Time

India Needs Kabir Today More Than Any Other Time

The Mahindra Kabira Festival at Guleria Ghat in Varanasi was a gentle reminder of the Sufi saint’s centrality to India’s syncretism

Death Of Three Dalit Girls And A Story Of Pain And Humiliation

Death Of Three Dalit Girls And A Story Of Pain And Humiliation

Family from UP village forced to run around to complete post-death official paperwork and even last rites.

Advertisement

Outlook Newsletters

Advertisement
Advertisement