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.
Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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