India to watch Ford Foundation |
The Indian government has on April 23 placed America`s Ford Foundation, one of the world`s most high-profile private funding agencies, on the `prior permission` list. This means that all its funds coming into India will first have to be scrutinized and cleared by the home ministry. An order issued by the home ministry cited national interest and security as the reason for placing the US based Foundation on a watch list. The order directed the Reserve Bank of India (RBI) to instruct all banks to ensure that any fund flow from Ford Foundation is referred to the ministry and allowed only after its clearance.
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