SC asks Sahara to furnish details
New Delhi: The Supreme Court on Wednesday directed the Sahara group to furnish details of all its properties in a sealed cover to ascertain the fact as to whether they are sufficient for paying back the entire amount to the investors. A three-judge bench headed by Chief Justice TS Thakur, however, refused to grant parole to Sahara chief Subrata Roy, who is in jail since March 4, 2014, saying that so far its orders have not been complied with “substantially”.
Banks to report NGO funds to Govt
New Delhi: Banks will have to report to the Central Government within two days any information on NGOs getting foreign funds. “As per Foreign Contribution (Regulation) Amendment Rules 2015 notified
in Gazette of India on December 14, 2015, the banks shall report to the central government within 48 hours any transaction in respect of receipt and utilisation of any foreign contribution by any person,” MoS for Home Kiren Rijiju said in reply to a written question in Rajya Sabha on Wednesday.