The Lok Sabha on Monday passed a bill to amend the Foreign Contribution (Regulation) Act. It is an overarching legislation to regulate the inflow of foreign money, a sensitive issue in India. Since its introduction in 1976, subsequent iterations of FCRA have become more stringent, even as India has opened up to foreign contributions in many areas. The latest iteration carries forward the restrictive tradition. It is not only more stringent, it also prescribes administrative caps for recipients and in general enhances the power of the bureaucracy.
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September 23, 2020