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of <h1>New Rules Require Reporting Gifts Over Rs. 1,000 to Indian Delegation Leader Under FCRA Regulations</h1> The Central Government amends the Foreign Contribution (Acceptance or Retention of Gifts or Presentations) Regulations, 1978, effective from the date of publication. The amendment requires individuals to notify the leader of the Indian delegation about gifts received. If the leader determines that the market value of a gift exceeds Rs. 1,000, they may direct the individual in writing to comply with applicable regulatory requirements. Additionally, if multiple gifts received during a single delegation have a combined market value not exceeding Rs. 1,000, the individual may retain all such gifts without further compliance.
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