Visit Indian Travel Sites
Goa,
Kerala,
Tamil Nadu,
Andhra Pradesh,
Delhi,
Rajasthan,
Uttar Pradesh,
Himachal Pradesh,
Assam,
Sikkim,
Madhya Pradesh,
Jammu & Kashmir
Karnataka
|
Lok Sabha passes Bill to regulate foreign fund flow | The Lok Sabha on Friday passed a Bill, which aims to check the huge inflow of foreign funds to religious and social organsiations. The new legislation, moved by the Union
Home Ministry, received an overwhelming support from the house and passed with
majority, as the members had earlier expressed their concerns over the illegal
money flow into the country in the wake of changed internal security situation.
The Rajya Sabha had on August 19 passed a Bill paving way for a new law to regulate
foreign contributions and hospitality by individuals and organisations. The Bill
is important in the wake of changed internal security environment and large fund
flow. Foreign Contribution (Regulation) Bill, 2006, replaces the Foreign Contribution
(Regulation) Act, 1976. It has been reported that once the Bill gets the approval
of President Pratibha Devisingh Patil, it will become a law. After the Bill becomes
a law, all religious outfits, voluntary organisations and all political parties
will have to provide details of the money that they receive from overseas donors.
"It will help in debarring people prosecuted or convicted for indulging in activities
like forcible religious conversions and those prosecuted or convicted for triggering
communal tension from receiving foreign contributions," Minister of State for
Home Affairs Ajay Maken informed the Lok Sabha before the Bill was passed. "Over
40,000 organisations were receiving foreign contribution in the country, and half
of them do not file accounts and report the inflow of funds. We need a stricter
law to regulate (foreign) money," he added. |
|
|
|
|
|