JPC Holds Crucial Meeting as Home, Law Ministries and SBI Chief Depose
The Joint Parliamentary Committee (JPC) scrutinizing the contentious Foreign Contribution (Regulation) Amendment Bill, 2026, convened for its pivotal second consultative session on Tuesday, September 29, 2026, at the Parliament Annexe in New Delhi. Formed to carry out comprehensive parliamentary review on international remittances and cross-border donations received by non-governmental entities, the high-level legislative panel is examining statutory revisions aimed at plugging structural regulatory loopholes, preventing illicit financial flows, and streamlining non-profit compliance across India. According to an official schedule issued by the Lok Sabha Secretariat, the intensive deliberations span two distinct working sessions structured to evaluate executive policies and legal implications side by side.
Dual Ministry Briefing: Home and Law Officials Break Down Legislative Provisions
The opening half of Tuesday's proceedings, scheduled from 11:00 AM to 2:00 PM, featured comprehensive presentations led by senior bureaucrats from the Ministry of Home Affairs alongside top legal representatives from the Ministry of Law and Justice. The government officials thoroughly briefed committee members on the clause-by-clause nuances of the draft bill, focusing on regulatory architecture, national security safeguards, and legal compliance mandates. This detailed presentation builds directly upon the inaugural JPC session held on September 18, during which Union Home Secretary Govind Mohan delivered an extensive orientation regarding the core objectives, policy motivations, and overarching security framework guiding the proposed legal overhaul.
Expert Deposition: SBI Chairman and Legal Luminaries Provide Banking and Judicial Inputs
Following the initial government briefing, the afternoon session shifted to direct consultations with industry experts, financial regulators, and legal authorities to assess ground-level execution challenges. The committee heard formal submissions from State Bank of India (SBI) Chairman Challa Srinivasulu Shetty, focusing on banking oversight, operational bottlenecks in designated foreign contribution accounts, and real-time transaction monitoring systems. Simultaneously, Additional Solicitor General for the Delhi High Court Chetan Sharma presented crucial legal analysis addressing constitutional viability, statutory enforcement mechanisms, and litigation trends surrounding NGO registrations, equipping lawmakers with cross-domain insights before finalizing the committee's formal report.