Nation
10,000 NGO registrations cancelled, foreign aid set to drop
Foreign funding for Indian non-governmental organisations (NGOs) doubled in 2014-15 over the previous year, but with 10,000 NGO registrations cancelled in 2015, foreign contributions are likely to drop, according the latest data on foreign contributions.
 
Delhi, Tamil Nadu, Andhra Pradesh (unified), Karnataka and Kerala together got 65 per cent of foreign aid coming to India, the data, tabled in the Lok Sabha on July 26, 2016, revealed.
 
Of Rs 45,300 crore ($7 billion) in foreign funding to Indian NGOs over four years -- 2011-12 to 2014-15 -- Rs 29,000 crore($ 4.5 billion) was received by organisations in the national capital and these four (five after Telangana) states, an IndiaSpend analysis reveals.
 
Organisations in Delhi received Rs 10,500 crore ($ 1.6 billion), while each of the five states received close to Rs 5,000 crore ($770 million) over the past four years.
 
There are 33,091 NGOs registered to receive foreign funds-under the Foreign Contributions (Regulation) Act (FCRA) -- after the registrations of 10,000 NGOs were cancelled by the Ministry of Home Affairs in 2015.
 
Among the reasons for cancellation: Not filing returns, misutilisation of funds and accepting funds for “prohibited activities”, which include funding legal costs of bail, writ petitions of Indian NGOs and their activists, and undisclosed payment of salaries by foreign NGOs to foreign activists.
 
Foreign funding doubled in 2014-15 to Rs 22,137 crore ($ 3.4 billion) compared to Rs 12,000 crore ($ 1.8 billion) in 2013-14.
 
Foreign funds to Indian NGOs from 165 countries, most for social sector
 
India receives foreign contributions from 165 countries, of roughly 200 countries identified by the World Bank.
 
Health, education and child-welfare together received Rs 4,500 crore ($ 690 million) of the Rs 12,000 crore received in 2011-12, according to our analysis of the 2011-12 annual report of the Foreign Contributions (Regulation) Act, the latest available.
 
While NGOs associated with religious activities collected Rs 870 crore, NGOs with research activities got Rs 539 crore in 2011-12.
 
International NGOs free to fund in India but only to govt
 
As many as 109 international organisations, including various branches of the United Nations, World Bank, World Health Organisation, International Monetary Fund, World Trade Organisation and Asian Development Bank, are not treated as a foreign source while funding projects in India.
 
“The World Bank funding in 2013-14 was $5.2 billion (Rs 33000 crore).This funding goes to the government and not to any NGO,”, wrote Prof. Trilochan Sastry of Association for Democratic Reforms (ADR), an advocacy, in a blog post.
 
A writ petition has been filed in the Delhi High Court by ADR to constitute an independent body to administer enforcement of Foreign Contribution (Regulation) Act, 2010. The case is currently being heard.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

anil r vanjari

10 months ago


I think this was the easiest action taken by the government against the unwanted NGOs.

By cancelling their registration, the central government has put a tag of dishonesty to these NGOs, many of whom may be working for the betterment of underprivileged and people living in remote areas.

Even if any among them had not completed statutory obligations, the government could have given them sufficient time for the same.

It will be interesting to find out thru a PIL, as to how many NGOs among the cancelled ones, were founded by religious minorities and working with ideologies other than those of RSS/BJP/VHP etc.

As a conclusion, I feel such action from the Central government shall only add fuel to the fire set by certain elements against the minorities and make them feel more and more insecure. This may prove to be counter-productive too.

God save the religious harmony in this country. Hey Ram !!!



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10 months ago

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Nifty, Sensex in bull grip – Thursday closing report
We had mentioned in Wednesday’s closing report that Nifty, Sensex might be headed higher. The major indices of the Indian stock markets rallied on Thursday and closed with gains of around 0.60% over Wednesday’s close. The trends of the major indices in the course of Thursday’s trading are given in the table below:
 
 
The Indian equity markets on Thursday closed at new highs in almost a year, riding on short covering and expectations of a major economic legislation getting parliament's approval. On a closing basis, the wider 51-scrip Nifty of the National Stock Exchange (NSE) touched a new 52-week high. The 30-scrip sensitive index (Sensex) of the BSE also reached its highest closing levels in 11 months. Healthy buying was witnessed in consumer durables, automobiles and FMCG (fast moving consumer goods) stocks. On the NSE, there were 818 advances, 638 declines and 62 unchanged. The BSE market breadth was slightly tilted in favour of the bulls -- with 1,486 advances and 1,164 declines.
 
The government is carefully considering the suggestions made by the trade and industry on the Goods and Services Tax (GST) Bill, a top CBEC official said here on Thursday. "We have been receiving a large number of representations from trade and industry. This is a very healthy exercise and all these suggestions and views will go into making an ideal GST," Mahender Singh, Director General (GST), Central Board of Excise and Customs (CBEC), said. He was speaking at a national conference on draft GST law organised by Associated Chambers of Commerce and Industry of India (Assocham). "It (suggestions on GST) is considered, discussed and various aspects are taken into consideration and once the final decision is taken then that will be incorporated in the final GST law," Mahender Singh said. He said some sections of the trade and industry have apprehensions that their views may not be taken into consideration. It is understandable, he said, for people to have such apprehensions in a large country with a wide variety of trade practices. 
 
Banking operations will be impacted across the country on Friday with around 10 lakh bankers of 40 private and state-run banks striking work in protest against the central government's banking policies, a union leader said on Thursday. "The strike is on. We are not aware of any case filed by the banks or the Indian Banks Association (IBA) to restrain the nine unions of UFBU (United Forum of Bank Unions) from striking," C.H. Venkatachalam, General Secretary of the All India Bank Employees Association said. Earlier this month, major bank unions deferred a two-day strike call for July 12 and 13 following a restraint order by the Delhi High Court. The unions in the banking sector had given the strike call protesting against the merger of the five associate banks of the State Bank of India (SBI) with SBI and the privatisation of IDBI Bank. The union is opposed to the government's decision to merge the State Bank of Bikaner and Jaipur (SBBJ), State Bank of Travancore (SBT), State Bank of Patiala (SBP), State Bank of Mysore (SBM) and State Bank of Hyderabad (SBH) with the SBI. "The strike will involve employees and officers of public sector banks, old generation private banks and foreign banks with a total of more than 80,000 branches," he said. According to him, the banks may be filling up the automatic teller machines (ATM) numbering around 200,000 in the country to facilitate cash withdrawals. "We wanted to strike when Parliament is in session. Though the strike is on a Friday, the next day is a full working day for the banks. There will be no bunching of holidays," he said. Venkatachalam said the strike was against the unwarranted banking reform measures. The Bank Nifty closed at 19,076.55, up 0.29%.
 
US Federal Reserve on Wednesday kept federal funds rate unchanged, reiterating that it continues to closely monitor inflation indicators and global economic and financial developments. "Near-term risks to the economic outlook have diminished," said the Fed in a statement after concluding two-day monetary policy meeting. This new expression might indicate that conditions are getting more favourable for further interest rate hikes in the future. Fed officials gave more upbeat description of the economy. There was some increase in labour utilisation in recent months, pointing to a healthy labour market despite the slowdown in April and May. Household spending have grown "strongly." Inflation continues to run below the Fed's 2% target, a major concern for Fed officials. But they expected inflation to rise to the target over the medium term as the transitory effects of past declines in energy and import prices dissipate and the labour market strengthens further. The policy to keep interest rates unchanged is good news for emerging markets like India, as it attracts foreign institutional investors.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 

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