Receipt and Utilisation of Foreign Contributions: Central Govt asks FCRA Applicants to Submit 3 Yrs Audit and Financial Data

Central government mandates 3-year audit data for FCRA applicants, tightening scrutiny on foreign fund utilization by NGOs. This directive requires all entities seeking grants or permissions under the Foreign Contribution (Regulation) Act (FCRA) to submit their audited financial data for the preceding three years. The move is designed to enhance transparency and accountability in the flow and use of foreign contributions, ensuring that funds are utilized for their intended purposes and preventing any misuse. This increased regulatory oversight reflects the government's commitment to strengthening FCRA compliance.