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Govt asks RBI to link FCRA a/c with PFMS for easy monitoring

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Press Trust of India New Delhi
Last Updated : Mar 15 2017 | 5:43 PM IST
All FCRA accounts of the NGOs will soon be connected with an online banking system for easy access and monitoring by the government, Rajya Sabha was informed today.
Minister of State for Home Kiren Rijiju said the Home Ministry had requested the Reserve Bank of India to integrate FCRA accounts with Public Financial Management System (PFMS).
This will enable the Ministry to monitor the receipt and utilisation of foreign contribution credited in such bank accounts, he said in a written reply.

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First Published: Mar 15 2017 | 5:43 PM IST

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