Can deadline for opening FCRA accounts be extended, Delhi HC asks Centre
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NGOs move court seeking extension of April 1 deadline in view of the pandemic
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NGOs move court seeking extension of April 1 deadline in view of the pandemic
The Delhi High Court has asked the Ministry of Home Affairs to consider if the April 1, 2021, deadline for opening Foreign Contribution (Regulation) Act (FCRA) account for NGOs seeking to receive foreign funds can be extended in view of the COVID-19 pandemic.
Justice Prathiba M. Singh also asked the Ministry whether it could allow NGOs which have not been able to open FCRA accounts to receive foreign contributions, as long as they maintain records of the same, in accordance with the provisions of the Foreign Contribution Regulation Act, 2010.
VANCOUVER – With news circulating around the globe about the growing COVID-19 crisis in India, many Canadians are trying to find legitimate ways to help.
However Better Business Bureau (BBB) says new regulations under Indiaâs Foreign Contribution Regulation Act, which took effect in September 2020, have placed restrictions on foreign donations. Some of these restrictions could make it difficult for funds collected through crowdfunding sites to reach those in need, especially since these individuals may not have the proper systems in place to follow government guidelines. In addition, there are several fraudulent posts targeting donors. With this in mind, BBB is urging donors to exercise caution before giving through a crowdfunding platform.
Tech industry body Nasscom has urged the government to temporarily relax the conditions of the Foreign Contribution Regulation Act (FCRA) to ensure overseas money can flow into the country to fight the second wave of the coronavirus.
In a letter to Prime Minister Narendra Modi, Nasscom sought the further liberalisation of vaccine import norms.
Nasscom said data was a strategic ammunition available to manage the pandemic. Insights and analytics from Covid tracking and vaccination data could play a key role in decision making and to obtain early warning signals.
All these steps will enable the industry to “do more and act faster to help the country navigate the second wave and be better prepared to deal with future waves”.