Crackdown has NGOs' foreign funding plunging 40% in four years: Report

The Modi governments crackdown on foreign funding of non-profit organisaitons has resulted in a massive 40 percent decline in fund flows from external sources for social uplift in the four years to 2017-18, finds and industry report. Over 13,000 non-government organisations have been acted against by the Union home ministry by cancelling their licences, according to a report by a foreign consultancy Bain & Co. The report has also found that as many as 4,800 NGOs lost their licenses in 2017 alone. "Foreign contributions declined by about 40 percent. This comes amid a government crackdown on NGOs for violation of the Foreign Contribution Regulation Act (FCRA) of 2010," says the report. Several of these NGOs which lost licences are engaged in rights-based advocacy, and the crackdown has led to an outcry from civil society organisations who termed it as an abuse of legal procedures. The Modi government had cut short the term of Nachiket Mor from the RBI's central board

from Economy & Policy https://ift.tt/2NS8pnI
via IFTTT