Foreign Funding

Adani Group faces funding concerns after US indictment against founder

Research firm CreditSights highlighted refinancing for the conglomerate's green energy business, which is at the centre of the allegations, as its biggest near-term concern

Foreign funding: Higher FDI to improve growth outcomes for Indian economy

India needs to continuously improve its business environment to attract durable foreign saving

NRI deposits see nearly $4 billion inflows in April-June FY25: RBI data

In June, inflows into the various NRI schemes stood at $1.23 billion compared to $1.7 billion in May

Foreign inflows in FAR securities almost double in 9 months: CCIL data

Market participants said that the inflows are expected to continue and might touch Rs 2.5 trillion in the next 5 to 6 months

FTSE Russell defers India's inclusion in govt bond index due to taxation

Indian bonds have seen foreign inflows of nearly $10 billion over the last six months

CPR CEO Yamini Aiyar quits two months after govt annuls FCRA permit

Yamini Aiyar, the CEO of Centre for Policy Research, will step down from her current role on March 31. Dr Srinivas Chokkakula, a senior fellow at the think tank, will succeed Aiyar

Tata Capital plans to raise $750 mn in debut foreign funding next fiscal yr

"For overseas borrowings, we may also evaluate dollar bonds as there has been lot of interest by overseas investors in Indian corporates."

Sebi mulls framework for FPIs to sell assets after expiry of registration

Currently, there is no provision to deal with securities lying frozen in the demat accounts of FPIs whose registration has expired

MHA cancels FCRA registration of CPR for charging violation of norms

"The FCRA has been cancelled via order received on January 10" and the institution will weigh its options to seek justice," Yamini Aiyar, President, CPR said while speaking to ANI

Govt cancels foreign funding license of Centre for Policy Research

CPR, a not-for-profit organisation which conducts research on a range of policy issues in India, said it was in "complete compliance" with the law and will seek remedy in every way possible

NewsClick case: ED summons US millionaire Neville Singham to join probe

Neville Roy Singham's name first surfaced in a report by The New York Times, which alleged that the US millionaire was involved in spreading Chinese propaganda worldwide.

Reserve Bank of India net sells $3.9 billion foreign currency in August

The rupee depreciated by 0.6 per cent in August. In July, the RBI had recorded a net purchase of $3.4 billion in the spot market

'Disgrace to democracy': Shashi Tharoor on NewsClick raids, arrests

Attacking the BJP-led central government, Congress leader Shashi Tharoor said that confiscating journalists' laptops and depriving them of access is not right

Didn't run Chinese propaganda, govt treats criticism as sedition: NewsClick

All funding received by NewsClick has been through appropriate banking channels, said the online website in a statement on Wednesday

FCRA registered NGOs to give details of assets created using foreign funds

NGOs registered under the Foreign Contribution Regulations Act (FCRA) will now have to provide details of moveable and immovable assets created by them using foreign funds. The need for mandatory declaration of assets by the NGOs by the end of every financial year (March 31) came after the Ministry of Home Affairs (MHA) on Monday issued a gazette notification modifying the rules that govern the NGOs which receive foreign funding. According to the law, all NGOs receiving foreign contributions have to be registered under the FCRA. The MHA made the changes in the Foreign Contribution Regulation Rules, 2010, by inserting two clauses -- (ba) details of movable assets created out of foreign contribution (as on March 31 of financial year) and (bb) details of immovable assets created out of foreign contribution (as on March 31 of financial year) -- in Form FC-4. Form FC-4 is filled by NGOs and associations granted FCRA licences for filing their annual returns. The MHA also decided to exte

Foreign retail's rising stake in India

Walmart's India journey reflects not only its survival in a market it considered invaluable but also the country's rise as a preferred destination for businesses, despite the odds

Amid constant fear of layoffs, employees at startups looking for a way out

People working at these firms have witnessed their colleagues being shown the door. Many have left on their own or are looking for options

Indian NGOs received Rs 2,430.80 cr in foreign funding in 3 years

A total of Rs 2,430.84 crore in foreign funding has been received by Indian NGOs in the last three years, Minister of State for Home Nityanand Rai informed Rajya Sabha on Wednesday. An amount of Rs 905.50 crore in foreign funding has been received by NGOs in 2021-22, Rs 798.18 crore in 2020-21 and Rs 727.16 crore in 2019-20, he said in a written reply. The minister said as on March 10, 2023, the FCRA registration certificate of 16,383 NGOs is valid, out of which 14,966 NGOs have submitted mandatory annual returns for the financial year 2021-22 under the Foreign Contribution (Regulation) Act, 2010. He said some complaints had been received in the past regarding misutilisation or diversion of foreign contributions by the FCRA registered associations and such complaints are dealt with in accordance with the provisions of the Act and rules.

FCRA registration of 1,811 NGOs cancelled in three years, says govt

The FCRA registration of 1,811 NGOs were cancelled by the government between 2019-21 for alleged violation of law, Union Minister of State for Home Nityanand Rai said in Lok Sabha on Tuesday. According to the law, any NGO which intends to receive foreign funding must register itself under the FCRA. "During the last three years i.e. 2019 to 2021, the FCRA registration certificates of 1,811 associations have been cancelled under section 14 of The Foreign Contribution (Regulation) Act, 2010 (FCRA, 2010) due to violation of provisions of the FCRA, 2010," he said in a written reply to a question. Rai said whenever any inputs pertaining to use of foreign contribution to spread terror activities are received by the ministry, appropriate action under the FCRA, 2010 and other extant laws and rules is taken.

Pakistan: Former PM Imran Khan faces arrest in foreign funding case

Pakistan's Federal Investigation Agency has decided to arrest former PM Imran Khan if he fails to appear before the investigation committee or respond to the notices