{"id":30459,"date":"2026-09-30T02:07:51","date_gmt":"2026-09-30T02:07:51","guid":{"rendered":"https:\/\/koshalsambada.in\/?p=30459"},"modified":"2026-09-30T02:07:51","modified_gmt":"2026-09-30T02:07:51","slug":"fcra-bill-improvement-on-existing-law-says-government-india-news","status":"publish","type":"post","link":"https:\/\/koshalsambada.in\/?p=30459","title":{"rendered":"FCRA bill improvement on existing law, says government | India News"},"content":{"rendered":"


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MPs from opposition parties and BJP clashed over provisions of the bill with two DMK MPs, A Raja and P Wilson, dubbing the bill violative of Article 300(A), which says no one will be deprived of their property save by the \u00adauthority of law.<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n

NEW DELHI: The vesting of assets is the single-most contentious provision in the Foreign Contribution (Regulation) Amendment Bill but the law ministry on Tuesday said the proposal was, in fact, an improvement upon the existing law as its \u00adstructured framework enhanced legal certainty, administrative efficiency and accountability in managing foreign-funded assets.The current law provides for vesting of assets but does not specify the nature, duration and finality of such vesting, the ministry told a joint committee of Parliament, which is examining the bill, adding that it led to an open-ended custodial arrangement and administrative difficulties in managing assets, sources said.The ministry was represented by legislative secretary Rajiv Mani at the meeting where State Bank of India, the only bank designated to receive foreign contributions at its New Delhi main branch, supported the bill\u2019s objectives but made a host of suggestions, flagged concerns and sought more clarity, including on how to handle an organisation\u2019s accounts and deposits when its permission to receive foreign donations ends.MPs from opposition parties and BJP clashed over provisions of the bill with two DMK MPs, A Raja and P Wilson, dubbing the bill violative of Article 300(A), which says no one will be deprived of their property save by the \u00adauthority of law.They argued that the Supreme Court has in its rulings explained the ground on which the govt can seize properties and the FCRA bill was violative of this. BJP MP Nishikant Dubey said laws overseeing trusts and societies had \u00adsimilar provisions for \u00adseizure of assets.Turning to alleged misuse of foreign money for conversion, he said this allowed a person converted to a minority religion to enjoy twin quota benefits in some cases, which violated the right to equality. A team of senior SBI officials led by its chairperson C S Setty said while the bill provided for govt control of foreign contributions and \u00adassets in such cases, it left the detailed banking procedure to be prescribed in rules, \u00adsources said.<\/p>\n

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