New law proposed to bar foreign funding of media, organisations
09 Nov 2006
Mumbai: The union cabinet has cleared a proposed legislation barring several organisations, including political parties, the electronic media and journalists from receiving foreign funding. The proposed bill will be introduced in Parliament in the forthcoming winter session.
The new legislation the Foreign Contribution (Regulation) Bill of 2006 cleared by the cabinet at a meeting chaired by prime minister Manmohan Singh, also provides for repeal of the 30-year-old Foreign Contribution (Regulation) Act of 1976 to give more teeth to enforcement agencies to regulate donations from abroad.
The bill proposes to bar additional types of groups or persons, including organisations of a political nature "not being a political party", associations or companies engaged in production or broadcast of audio news or audio-visual news or current affairs programmes through electronic mode or any other mode of mass communication from receiving foreign funding.
This
also includes correspondents or columnists, cartoonists,
editors, owners of associations or companies relating
to mass communication.
Amounts received from any foreign source as a fee or
payment for services rendered would be excluded from
the definition of foreign contributions.
The bill has been rephrased to prohibit "acceptance and utlisation of foreign contribution or foreign hospitality for any activities detrimental to the national interests".
Latest articles
Featured articles
The remarkable Ratan Tata
By Kiron Kasbekar | 23 Oct 2024
One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation