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Sensei Kraken Zero
@YearOfTheKraken
News, Entertainment, Geopolitics, International Relations and Politics Account.
Joined January 2018
994 Following    66.5K Followers
The Indian Govt has tightened the FCRA Rules despite American lawmakers lobbying hard against them. These are great steps to prevent the misuse of foreign funds! -NGOs will now have to choose their purpose from a pre-defined list -Proselytisation is not included in the list -NGOs will have to declare the areas they operate in -NGOs that have foreign nationals apart from those of Indian origin as key members will not be considered for registration or prior permission to receive foreign funds -Minimum Spending limit of Rs. 10 lakh on chosen activities over last two financial years has been introduced -NGOs receiving foreign funds under prior permission must utilise at least 75% of previous instalment to be eligible for the release of later instalments of foreign funds -The Government will conduct field inquiries to verify the utilisation -NGOs must now disclose the source of the money (the Ultimate Donor) if the funds are received through intermediaries -Annual returns must include a detailed activity report along with financial statements -The NGOs will have to declare if they publish any books or articles as they are barred from producing or broadcasting "news or current affairs"
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