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.
Cash squeeze threatens broader fallout, as higher cost of funds is passed on to merchants getting micro loans & property tycoons looking to roll over debt.
Economists, finance leaders & industry executives raise questions about the effectiveness of the measures and stress on the need for structural reforms.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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