business π§ Ambassador clears up 5 FCRA Bill 2026 myths
Ambassador Vinay Kwatra addressed several misconceptions regarding the proposed Foreign Contribution (Regulation) Amendment Bill, 2026. He stated this bill is a sovereign step for national security, not intended to cut foreign aid to civil society in India. Foreign contributions grew from $1.2 billion in 2010β11 to $2.67 billion in 2024β25, while only 14,450 out of 3 million NGOs are FCRA registered. Asset cessation upon registration loss is not new, as assets vest with State Government authorities since 2010, with a return mechanism available. The Act applies uniformly across all religions, and international counterparts like the US have similar regulations. π§