On Sat, Aug 20, 2011 at 17:58, Gautam John <gautam(a)prathambooks.org> wrote:
On 20 August 2011 17:56, Gerard Meijssen
<gerard.meijssen(a)gmail.com>
wrote:
The way I understand it is that the inclusion of
a currency is part of
the
cooperation with a chapter to prepare for a
fundraiser. As India does
have
its chapter and as the WMF itself is so much
involved, the Rupee is
likely
to be supported.
It's likely to be more than just that, Gerard. Convertibility of the
currency and local foreign exchange, tax and other laws will regulate
this process too.
Much more than that i suppose, the process of formal agreement for FY 11-12
started on May 1,2011. Even if we finalize the financial logistics,
agreements must be mutually agreed by Chapter and Foundation and in line
with both local laws.I think its too much of work to do in too short time,
But then if we are going to enter 12-13 agreement, we need to pull up the
socks soon after the conference gets over otherwise we will miss May 1,2012
as well, given the governmental support the chapter had so far here.
On 20 August 2011 17:56, Gerard Meijssen <gerard.meijssen(a)gmail.com> wrote:
Given that much effort is going into India at this
time anyway, I can
imagine that ALL the money can remain in India at this stage in order to
really execute all the projects and programs envisioned. Being able to
donate in the local currency is a powerful incentive to give (over having to
donate in a foreign currency).
Chapter needs to investigate the legal hurdles involved in it. I dont know
how Hisham's office is spending since "legally" there is no office yet, the
folks are still consultants and by extension there wont be any bank accounts
I guess. Leaving too much money with Chapter without plans might not be a
good idea,will stop the availability of funds for other initiatives of WMF.
Also Chapter doesnt have a staff, so they cant do too much of a job.
--
Regards
Srikanth.L
http://srik.me