New law to regulate foreign contribution into India

New Delhi, Nov 9 (UNI) The Union Cabinet today approved a draft Bill to enact a law for more efficient regulation of foreign contribution coming into the country.

The Foreign Contribution Regulation Act, 1986 will be repealed, and a new law enacted, Finance Minister P Chidambaram told reporters after the Cabinet meeting.

The decision has been taken following the demands by the civil society and the NGOs to review the outdated Act, Mr Chidambaram added.

UNI YJ MIR PM1637