Is FCRA Bill 2020 passed?

Rajya Sabha passes Foreign Contribution (Regulation) Amendment Bill, 2020. The bill was passed by the Lok Sabha on Monday and will now be sent to President Ram Nath Kovind for his assent. The Rajya Sabha on Wednesday through a voice vote passed the Foreign Contribution (Regulation) Amendment Bill, 2020.

When was Foreign Contribution Regulation Act passed in India?

1976
The Congress government accordingly enacted the Foreign Contribution (Regulation) Act in 1976, to create a mechanism to regulate the acceptance and utilisation of foreign contribution or hospitality in India.

What is FCRA Amendment Bill?

The Foreign Contribution (Regulation) Amendment Bill, 2020 amends the Foreign Contribution (Regulation) Act, 2010. The Act regulates the acceptance and utilisation of foreign contribution by individuals, associations and companies.

What is FCRA Amendment Act?

The amendments to the Foreign Contribution Regulation Act (FCRA) enacted last year that among others made it compulsory for NGOs to open a bank account in Delhi has crippled the work of many organisations who are unable to receive foreign funds. There are 22,591 FCRA registered NGOs.

What is FCRA Amendment?

What is FCRA number?

Foreign contribution regulation Act 1976 or FCRA is a law of government of India which regulates receipt of foreign contributions or aid from outside India to India territories. This is essential to ensure that such aid does not effect political or any other situation in India.

What is FCRA full form?

Foreign contribution regulation Act 1976 or FCRA is a law of government of India which regulates receipt of foreign contributions or aid from outside India to India territories. This law is enforced by the ministry of Home affairs, Government of India.

What is Foreign Contribution (Regulation) Amendment Bill 2020?

The Foreign Contribution (Regulation) Amendment Bill, 2020 was introduced in Lok Sabha on September 20, 2020. The Bill amends the Foreign Contribution (Regulation) Act, 2010. The Act regulates the acceptance and utilisation of foreign contribution by individuals, associations and companies.

What is the procedure for accepting foreign contributions under FCRA?

FCRA account: Under the Act, a registered person must accept foreign contribution only in a single branch of a scheduled bank specified by them. However, they may open more accounts in other banks for utilisation of the contribution.

How many transfers will be affected by the FCRA implementation?

Organisations must build their own delivery capacity and not rely on implementation partners.In 2012, the intra-India transfer magnitude was ~10\% of total inflow. With increase in the number of FCRA-NGOs in Delhi (total~4500 Crore),the percentage could have risen to 20\% now. i.e., ~Rs. 3500 Crore of transfers to be affected.

Who opposed the Foreign Contribution (Regulation) Amendment Bill?

The Bill was opposed strongly by the opposition parties and ‘civil society organisations’. However, the Bill has been passed by both houses of the Parliament. The Rajya Sabha has passed The Foreign Contribution (Regulation) Amendment Bill, 2020 on Wednesday. It was passed by the Lok Sabha a day earlier.