In FIR filed last week, CBI claims Ritwick Dutta and his award-winning NGO LIFE received 'foreign contributions', which he utilised for 'undesirable purposes'. Dutta has denied allegations.
CBI probing how licences were granted & renewed for bribes, based on complaint filed by MHA. 36 persons, including 7 officials, are named in FIR, and 14 have been arrested.
The organisations are among a cumulative 12,580 whose FCRA licence — which allows them to get foreign funding — has ceased to exist over the past few years.
While Amnesty said it was halting all operations in India due to govt's 'witch-hunt', MHA has said action was taken because the human rights body was receiving funds illegally.
The government has said that Amnesty has been receiving foreign funds illegally, which the organisation denies, saying it fully complies with all Indian and international laws.
Forex traders said a positive start of domestic stocks supported the local unit, while sustained foreign fund outflows and concerns over Covid weighed on the local unit.
A stunted middle class may be a direct result of extreme inequality. Folks at the top don’t see teeming masses as a meaningful market, except for utilities, soap, short videos, and personal loans.
Up to 100% foreign ownership of insurance firms, and overhauled rules for banks, pension funds and capital markets aim to shift savings from idle assets toward equities, bonds and long-term investments.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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