Gates Foundation on Centre’s radar


The Indian government will closely scrutinise the Bill & Melinda Gates Foundation’s (BMGF) methods of donations in India after an international report accused the world’s biggest philanthropist of influencing government policies in favour of multinational pharmaceutical companies.

Unlike other international donors, the BMGF is not registered under the Foreign Contribution Regulation Act (FCRA), leaving its funding out of the ambit of the Ministry of Home Affairs (MHA), which is the regulatory authority for NGOs and associations who receive foreign funds.

The foundation instead operates as a “Liaison Office” under the Foreign Exchange Management Act (FEMA) as approved by the Reserve Bank of India (RBI). In June last year, the Modi government cracked down on NGOs receiving foreign funds, cancelling licences of over 10,000 organisations. The Gates Foundation was not affected as it is not registered under the FCRA, which in itself is a violation, say experts..................Read more

 

Source: The Hindu


Comments (0)



Please Login or Register to join groups