Saturday, 28 May, 2022
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TopicForeign funds

Topic: foreign funds

Fake invoices, impersonation, hawala bribes: How ‘nexus’ of officials & NGOs ran FCRA scam

Ananya Bhardwaj -
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.

Imran Khan is under scrutiny again. This time it’s for foreign donations to his party PTI

Krishan Murari -
Pakistani Opposition claims the report is a 'damning indictment' of Imran Khan and PTI. But the PM also wants PPP and PML-N to be scrutinised.

Oxfam among 6,000 organisations to lose FCRA licence, MHA says 5,789 didn’t apply for renewal

Ananya Bhardwaj -
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.

Wave of foreign money threatens RBI’s tight grip on rupee

Subhadip Sircar -
For most of this year, RBI has capped currency gains as global investors poured around $50 billion into stocks and stakes in companies.

Rs 35,000 cr in 5 months — NRI deposits surged as overseas Indians returned due to Covid

Manojit Saha -
Deposits into repatriable accounts hit five year high, but the situation is returning to normal levels as workers are going back overseas for jobs.

Amnesty International India to challenge govt order freezing its accounts in Karnataka HC

Revathi Krishnan -
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.

Amnesty halts all activities in India, alleges witch-hunt after govt freezes accounts

PTI -
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.

Modi govt tables FCRA amendments, opposition & NGOs call it fatal blow to civil society work

Fatima Khan -
FCRA amendment bill introduced in Lok Sabha Sunday proposes reduction of foreign funds for admin expenses to 20%, mandates use of Aadhaar as ID.

Rupee rises 6 paise to 75.60 against US dollar in early trade

PTI -
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.

Hit by cash crunch at home, NBFCs are paying more for foreign funds

Anurag Joshi -
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.
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Representational image of cryptocurrencies | Pizabay

What are UST & Luna and why the fall of 2 ‘stablecoins’ led to a crypto crash in India

Shubham Batra -
Along with crash in value of UST and Luna coins, Indian market for crypto assets also reeling under strict control imposed by government, with the imposition of TDS on all crypto transactions.

Defence

NSA Ajit Doval with NSAs from the other countries at the meeting at Dushanbe, Tajikistan | Photo: Courtesy the NSA's office

NSA Ajit Doval pushes for ‘terror free’ Afghanistan, says India stands with Afghan people

Snehesh Alex Philip -
Doval's comments came at 4th Regional Security Dialogue on Afghanistan attended by national security advisors from Tajikistan, India, Russia, Kazakhstan, Uzbekistan, Iran, Kyrgyzstan & China.

National Interest

Why it’s obscene to tell Ukraine to give in & how war-upended global balance of power brings openings for India

Shekhar Gupta -
Global order is in flux, and India is being wooed by all. It opens up economic, strategic & military possibilities unimaginable till recently. It is for India to take this opportunity.

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