foreign aid Current Affairs, GK & News

Inter-Ministerial group set up to clear global relief materials

The Government of India has set up a High level Inter-Ministerial Group to establish procedures for immediate clearance of relief materials from foreign countries. About the Group As the number of COVID-19 cases in India have started increasing to a great extent, several foreign countries such as UK, USA, France Germany, Ireland, Kuwait have been ..

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Why is UNHCR insisting India to revise FCRA regulations?

The United Nations high Commissioner for human rights is insisting India to revise its foreign contribution Regulation Act 2010.  Highlights The high Commissioner Michelle Bachelet has raised concerns over the restrictions imposed by India over foreign funding for the Non-governmental organisations. The commisioner also raised concerns on the arrests of activists in the country.  What ..

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GoI to amend FCRA: Bill Introduced in Lok Sabha

A bill was recently introduced in Lok Sabha to amend the FCRA act, 2010. FCRA act is Foreign Contribution (Regulation) Act.  The bill proposed to include public corporations owned and controlled by the Government of India under the list of entities that are not eligible to receive foreign funding. The bill also proposed to include public ..

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RBI releases International Investment Position

On June 30, 2020, Reserve Bank of India released its data on International Investment Position, IIP. Highlights According to the data, the direct investment in the country rose by 19 billion USD and the portfolio investment declined by 13.7 billion USD. Also, the international financial assets of Indian residents have increased by 73.9 billion USD. ..

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