Launch of Online Analytical Tool to monitor foreign contributions under FCRA
Union Home Minister Shri Rajnath Singh launches Online Analytical Tool to monitor foreign contributions under FCRA
Shri Rajnath Singh witnessed a presentation on various aspects of the Analytical Tool and appreciated the painstaking work done by all concerned officials. Home Secretary Shri Rajiv Gauba, Director (IB) Shri Rajiv Jain, DG (NIC) Smt. Neeta Verma and officials of Ministry of Home Affairs were present.
There are approximately 25,000 active organisations registered under The FCRA, 2010. Foreign Contributions worth Rs.18,065 crores were received by such organisations from foreign donors for various social, cultural, economic, educational and religious activities during financial year 2016-17. Each FCRA-NGO conducts multiple financial transactions in receiving and spending the foreign contribution. Therefore, there are hundreds of thousands of such transactions annually which can be monitored effectively through this tool. It will, therefore, help the stakeholders in Government to better regulate acceptance and utilisation of foreign contributions.