Monthly Archives: June 2011

FCRA Rules Comments Invited

Posted on June 3, 2011 by SRRF

We refer to our yesterday’s message we will again emphasis that the rules are not yet final. These are draft rules and the Ministry of Home Affairs has invited comments on the same. This is why it is important that … Continue reading →

Posted in FCRA, TAX, LEGAL | Comments Off on FCRA Rules Comments Invited

FCRA Rules notified

Posted on June 3, 2011 by SRRF

This is to bring to your notice that FCRA Dept. has only very recently notified the FCRA rules for FCRA Act 2010. These rules are effective from the date when the Act is effective. It may be remembered that the … Continue reading →

Posted in FCRA, TAX, LEGAL | Comments Off on FCRA Rules notified

Technology : Make payments using mobiles

Posted on June 3, 2011 by SRRF

National Payments Corporation of India (NPCI), a Reserve Bank of India backed non-profit company; yesterday launched a first-of-its-kind, 24-hour Interbank Mobile Payment system (IMPS) that would allow bank customers in the country to remit money to any other bank account … Continue reading →

Posted in Governance Reforms | 1 Comment

MOBILE TECHNOLOGY TO HELP IN SPREADING HEALTHCARE IN RURAL AREA

Posted on June 3, 2011 by SRRF

Usage of mobiles for providing healthcare at very reasonable prices has emerged as one of the initiatives that GoI would like to further exploit. At the India Economic Summit currently being held in one of the sessions, it was stated … Continue reading →

Posted in Governance Reforms | 1 Comment

Popularising Books

Posted on June 3, 2011 by SRRF

The country is set to get its first National Book Promotion Policy. While the document is still in working stages, news trickling out indicates an ambitious agenda which includes § Large scale ‘Library Movement’ § National Center for Children’s Literature … Continue reading →

Posted in General | 1 Comment

Aadhaar

Posted on June 3, 2011 by SRRF

One of the biggest challenges that the Indian governments face is ‘Effective Delivery System’. In fact Govt. started the UIDAI project under Nandan Nilekani to issue a unique identity number called Aadhaar. It is not a card, but database of … Continue reading →

Posted in Governance Reforms | Comments Off on Aadhaar

Quantum of funds being received under FCRA for the purposes of education

Posted on June 3, 2011 by SRRF

We share with you an interesting article published in “Indian Express” regarding quantum of funds being received under FCRA for the purposes of education. The article not only lists major organizations providing funds, it also identifies states where these organizations … Continue reading →

Posted in FCRA, TAX, LEGAL | Comments Off on Quantum of funds being received under FCRA for the purposes of education

Likelihood of DFID withdrawing from India by 2011

Posted on June 3, 2011 by SRRF

There is a debate going on within the Government circles that India should intimate British Govt. that India no longer needed the aid. In a internal memo sent by Ministry of External Affairs to Ministry of Finance, exactly such position … Continue reading →

Posted in Foreign Funding | 1 Comment

Foreign Contribution Regulation Bill 2010 (as passed by the Parliament)

Posted on June 3, 2011 by SRRF

Background Over the last two days we have shared with you salient features of the Foreign Contribution Regulation Bill 2010, that will replace the earlier FCRA 1976. For ease of reference, this communication puts together for your understanding some of … Continue reading →

Posted in FCRA, TAX, LEGAL | Comments Off on Foreign Contribution Regulation Bill 2010 (as passed by the Parliament)

FCRA Bill 2010 (as passed by the Parliament)…cont’d

Posted on June 3, 2011 by SRRF

Bank accounts Authorities have conceded futility of asking organisations to spend funds only from one account. Organisations receiving foreign contribution while still will need to receive / deposit the funds in the single FCRA registered bank account. However they will … Continue reading →

Posted in FCRA, TAX, LEGAL | Comments Off on FCRA Bill 2010 (as passed by the Parliament)…cont’d