Infosys Foundation’s FCRA Licence Cancelled

The Home Ministry has cancelled the registration of Bengaluru-based NGO Infosys Foundation for alleged violation of norms in receiving foreign grants. All non-government organizations (NGOs) are mandatorily required to be registered under the Foreign Contribution (Regulation) Act or FCRA to receive foreign funding.

Associations which do not receive foreign contribution during a particular year are also required to furnish a ‘NIL‘ return for that financial year.

Source: Business Today

Static/Current Takeaways Important for LIC AAO Exam:

  • Infosys Foundation was established in 1996.
  • Sudha Murthy is the chairperson of the Foundation.

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