Can political parties receive foreign funding Upsc?

As per the FCRA, members of legislatures, political parties, government officials, judges and media persons are prohibited from receiving any foreign contribution.

Who can receive foreign contribution as per FCRA?

A ‘person’, as defined in Section 2(1)(m) with the exclusion of those mentioned in Section 3 of FCRA, 2010, having a definite cultural, economic, educational, religious or social programme can receive foreign contribution after it obtains the prior permission of the Central Government, or gets itself registered with …

What are administrative expenses under FCRA?

Administrative Expenditure The FCRA Amendment Act, 2020 prescribes to revise the ceiling limit of admin expenses to 20\% of the total foreign funds utilised in a particular year. In other words, a FC registered organization cannot spend more than 20\% of the FC utilised in that particular year on administrative expenses.

Why do we need FCRA?

The Objective of FCRA 2010 Regulate the acceptance and utilization of foreign contribution or foreign hospitality by certain individual associations or companies.

Why is the FCRA important?

The FCRA regulates foreign donations and ensures that such contributions do not adversely affect internal security. Registered associations can receive foreign contribution for social, educational, religious, economic and cultural purposes. Filing of annual returns, on the lines of Income Tax, is compulsory.

Who Cannot receive foreign contributions as FCRA?

As defined in Section 3(1) of FCRA, 2010, foreign Page 4 contribution cannot be accepted by any: (a) a candidate for election; (b) correspondent, columnist, cartoonist, editor, owner, printer or publisher of a registered newspaper; (c) Judge, government servant or employee of any Corporation or any other body …

Can cash in Indian currency be deposited in FCRA account?

Therefore, FC in INR from any foreign source, including foreigners of Indian origin having OCI/PIO card, are to be treated as FC under FCRA and should be allowed to be deposited in the designated FC A/c.

What are the changes in the FCRA regulation in India?

The Parliament has approved few changes via Foreign Contributions Amendment Bill 2020 to the FCRA regulation in India. Following is the comparison 1. 2. NGOs can transfer funds to other FCRA licensed NGOs freely or to other NGOs with government permission.

What is Foreign Contribution Regulation Act (FCRA)?

Foreign Contribution Regulation Act (FCRA) is a consolidating act passed by the Government of India in the year 2010. It seeks to regulate the foreign contributions or donations and hospitality (air travel, hotel accommodation etc) to Indian organizations and individuals and to stop such contributions which might damage the national interest.

What is fcfcra Amendment Bill 2020?

FCRA Amendment Bill 2020 Foreign Contribution (Regulation) Bill was introduced in Lok Sabha on 20 September and passed on 21 September, 2020. The Bill was also passed by Rajya Sabha on 23 September, 2020. The Bill amends the Foreign Contribution (Regulation) Act, 2010.

What is the purpose of FCRA 2010?

FCRA 2010 FCRA 2010 is a consolidating act passed by the Government of India in the year 2010. It seeks to regulate foreign contributions or donations and hospitality (air travel, hotel accommodation etc) to Indian organizations and individuals and to stop such contributions which might damage the national interest.