Foreign Contribution Regulation Act (FCRA)

Topics Covered: Money laundering. Foreign Contribution Regulation Act (FCRA): Why in News? Govt. suspends FCRA clearance of four Christian groups for various reasons. What is FCRA clearance? Why is it needed? It is mandatory to have FCRA clearance from the Home Ministry for any organisation to receive foreign funds. Foreign funding of voluntary organizations in …

Foreign Contribution Regulation Act (FCRA)

Topics Covered: Money laundering related issues. Foreign Contribution Regulation Act (FCRA) Context: The Ministry of Home Affairs (MHA) has constituted an inter-ministerial committee to coordinate investigations into violation of various legal provisions of PMLA, Income Tax Act, FCRA etc. by Rajiv Gandhi Foundation, Rajiv Gandhi Charitable Trust & Indira Gandhi Memorial Trust. What’s the issue? …