What is Foreign Contribution ( Regulation ) Act, 2010? - MAINS QUESTION - DAILY CURRENT AFFAIR QUESTIONS AND ANSWERS

Tuesday, September 22, 2020

What is Foreign Contribution ( Regulation ) Act, 2010?

 FCRA is an act to consolidate the law to regulate the acceptance and utilization of foreign contribution or foreign hospitality by certain individuals or associations or companies and to prohibit the acceptance and utilization of foreign contribution or foreign hospitality for any activities related to the national interest and for matters connected therewith or thereto. This act is the predecessor of the act of 1976. This act was passed in Rajya Sabha on 19th August 2010 and on 27th August,2010 in Lok Sabha and got the assent of  President on 26th September 2010.. The act finally commenced on 1st May 2011.

The Foreign Contribution ( Regulation ) Amendment Bill 2020 introduced by the home minister of  India Mr Amit Shah. Various changes in the act have been done in the  act. It made compulsory for all office bearers NGO to submit their Aadhar Numbers . This bill gives powers to the government to stop the foreign funds by an organisation through a  'summary enquiry' process. This bill increases transparency and and accountability in receiving and utilising foreign contributions . And it aims to provide some facilities to the NGOs and others associations working for the welfare of people.



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