ADVERTISEMENTREMOVE AD

Govt to Monitor Cash Inflow to NGOs from Foreign Contributions

The Union Home Ministry will be adopting a web-based payment method, to keep track of foreign funds. 

Published
Business
1 min read
story-hero-img
i
Aa
Aa
Small
Aa
Medium
Aa
Large
Hindi Female

The Centre will soon be able to track in real-time any foreign contributions made to Non Governmental Organisations (NGO) registered under the Foreigners Contribution Registration Act (FCRA) 2010, reported The Times of India.

The FCRA division of the Union Home Ministry will be adopting a web-based application for payment – Public Financial Management System (PFMS). The application will also be used for “accounting and reconciliation of government transactions.” It will allow the government to know “the frequency, number and quantum” of transactions made to NGOs which hold an FCRA license, the report said.

ADVERTISEMENTREMOVE AD

A government official said in the report that there was no way at the moment to track foreign contributions, unless the NGO files a return, which is technically required by the FCRA.

Many NGOs are able to bypass the law, and do not file the return. After receiving foreign funds, but with their licenses cancelled for not filing a return, the office-bearers of many NGOs “float a new NGO”, said the report.

In 2015, the Modi government has cancelled licenses of almost 10,000 NGOs for failing to file returns for the last three years, the report said.

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

0

Read Latest News and Breaking News at The Quint, browse for more from news and business

Topics:  NGOs   Union Ministry   Cash 

Speaking truth to power requires allies like you.
Become a Member
3 months
12 months
12 months
Check Member Benefits
Read More
×
×