Modi govt will stop funding ngos who have not submitted balance sheets for three years. And foreign funded ngos must get permission to receive money and spend it only on projects approved while applying for permission. Many states are unwilling to share data.
This move will be a game changer for india.
Excerpts:
Your friendly neighbourhood NGO worker may have been crying themselves hoarse for years over social ills, but there is a high chance that the organisation he or she represents lacks financial transparency.
Nearly 25 lakh NGOs across the country, most of whom receive funds worth crores of rupees from the government and abroad, came under the Supreme Court’s scrutiny on Monday after the CBI submitted that only 10 per cent of them have filed annual income and expenditure statements.
Between 2002 and 2009 the Union and state governments released Rs 6654 crore to various NGOs, averaging almost Rs 950 crore per year, according to information received through RTI queries by Asian Centre for Human Rights.
And for the financial year 2010-13, available data show that about 22,000 NGOs received over $3.2 billion from abroad, of which $650 million came from the US.
According to details received from six union territories (Delhi awaited), it was found that only 50 out of 5,684 NGOs, which translates into one percent, filed proper statements before the authority which registered them.
Significantly, the CBI suggested that only an NGO which has filed statements for three preceding years should be given a grant by the government.
NGOs under fire over 'hidden' $3.2bn: Supreme Court blasts social groups as just 10 per cent file financial records | Daily Mail Online
This move will be a game changer for india.
Excerpts:
Your friendly neighbourhood NGO worker may have been crying themselves hoarse for years over social ills, but there is a high chance that the organisation he or she represents lacks financial transparency.
Nearly 25 lakh NGOs across the country, most of whom receive funds worth crores of rupees from the government and abroad, came under the Supreme Court’s scrutiny on Monday after the CBI submitted that only 10 per cent of them have filed annual income and expenditure statements.
Between 2002 and 2009 the Union and state governments released Rs 6654 crore to various NGOs, averaging almost Rs 950 crore per year, according to information received through RTI queries by Asian Centre for Human Rights.
And for the financial year 2010-13, available data show that about 22,000 NGOs received over $3.2 billion from abroad, of which $650 million came from the US.
According to details received from six union territories (Delhi awaited), it was found that only 50 out of 5,684 NGOs, which translates into one percent, filed proper statements before the authority which registered them.
Significantly, the CBI suggested that only an NGO which has filed statements for three preceding years should be given a grant by the government.
NGOs under fire over 'hidden' $3.2bn: Supreme Court blasts social groups as just 10 per cent file financial records | Daily Mail Online
