Sunday, September 09, 2012

4,139 NGOs Lose Licenses

The free flow of foreign funds into social sector organisations has now been capped by the Union home ministry after it cancelled licences of 4,139 NGOs in the country under the Foreign Contribution Regulatory Act (FCRA), of which 670 NGOs are from Andhra Pradesh. Altogether, they had been drawing up to Rs 1,241 crore per annum as foreign funds till last year.
The cancellation of licences has come after the organisations refused to submit their audit records as per FCRA, officials said. Most of these have affiliations to different religious groups and communities. 
ToI: 670 NGOs in Andhra Pradesh lose licences

0 comments: