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Centre amends rules for receiving foreign funds

New Delhi: The government has amended the rules for receiving foreign funds requiring NGOs to choose from predefined list of purposes and their area of operation, allowing a range of faith-based activities while explicitly excluding proselytisation from several categories eligible for registration under the Foreign...

RBI injects Rs 1.41 lakh crore into banking system

Mumbai: Reserve Bank of India (RBI) Tuesday pumped in over Rs 1.41 lakh crore of transient liquidity into the banking system through a seven-day variable rate repo (VRR) auction. The funds were injected into the system at a cut-off rate and weighted average rate of...

 

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