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Home Ministry Launches Online Analytical Tool For Monitoring Foreign Contributions
Home Ministry Launched Online Analytical Tool To Monitor Foreign Contributions Under FCRA- Details, Features, Purpose, Benefits
Union Home Ministry has introduced an ‘Online Analytical Tool’ to facilitate closer monitoring of the flow and utilisation of foreign contributions received by various organisations registered or sanctioned under the Foreign Contribution Regulation Act (FCRA) 2010.
The ‘Online Analytical Tool’ was launched by India’s Home Minister Rajnath Singh on 1st June 2018 in New Delhi.
The Online Analytical Tool is a web-based tool that will enable decision-makers in several departments of government to inspect & explore the source of foreign funds and their actual utilisation in India.
The Online Analytical Tool will also provide a capacity to take data-driven and evidence-based decisions regarding the compliance of the provisions of the FCRA, 2010.
The Online Analytical Tool 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.
At present, there are around 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 the financial year 2016-17.
