Insta
Home Ministry Launches Online Tool To Monitor Funding By Foreign Organisations Under FCRA
Swarajya Staff
Jun 01, 2018, 03:28 PM | Updated 03:27 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
The Home Ministry under Rajnath Singh today (1 June) launched an online tool to monitor the flow of funds through organisations falling under the Foreign Contribution (Regulation) Act, or FCRA.
In a press release, the ministry said that tool will enable lawmakers and bureaucrats in different departments of the government to monitor the funds and how they are being used in reality.
There are close to 25,000 organisations registered under the FCRA that are eligible to receive funds from foreign donors for promoting social, cultural, economic, educational and religious activities. However, it has been argued for long that the foreign funds are being utilised for illegal conversions through sinister means. The need for such a tool, that can bring transparency to the utilisation of the funds, was therefore being felt.
In 2016-17, organisations under FCRA received over Rs 18,000 crore of foreign funding, according to the release. According to the ministry statement,
“It gives them capacity to take data-driven and evidence-based decisions regarding the compliance of the provisions of the FCRA, 2010. It has analytical features to conduct big data mining and data exploration. Its dashboard will be integrated with the bank accounts of the FCRA-registered entities through the Public Financial Management System for updation of transactional data on a real-time basis.”
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.