Articles
Money Laundering Lawyer on Inefficiency of NGOs in India
by Abhinav K. Digital Marketing Expert, FreelanceAs explained by Mr. Kislay Pandey-Money Laundering Lawyer, the
Supreme Court of India, that proper monitoring of NGOs is an emergent
need, not only for the sake of financial controlling but also to thwart
terrorist activities.
There is more buzz than bite in the contribution of non-governmental organisations(NGOs) towards the socio-economic upliftment of the underprivileged people in India. In the year 2013, Indian NGOs received nearly Rs. 12,500 crore from foreign countries, but the amount used by them for real purposes was even less than ten percent. A recent report from the ministry of home affairs, Government of India, There are approximately 20 lakhs NGOs in the country and only two per cent of them reported their donations from abroad. What happened to those 98 per cent NGOs? Why they didn't report and where the money has been invested? These are the few things which raised questions on the intention, efficiency and contribution of NGOs in reforming the societies and protecting the environment. According to Mr. Kisaly Pandey - Money Laundering Lawyer, the Supreme Court of India," Money laundering is not restricted to the procurement of wealth through illegal means, but concealing the legal income from public authorities also comes in the pretext of money laundering and it is clear that most of the money used by NGOs went for unspecified purposes". Financial matter lawyer
According to the ministry of home report released in December 2013, “the NGO sector in India is prone to the risks of money laundering and it is equally true that the sector can also be linked to terrorist financing.†This report also highlighted that there is no centralised database on the number of NGOs in India and nothing is transparent about their financial operations. Moreover, the report figured out that the highest amounts utilised for unknown activities. Such as Rs. 2,350 crore were noted under the miscellaneous head followed by work in rural development, welfare of children, construction and maintenance of schools and colleges.
According to Mr. Kisaly Pandey - Money Laundering Lawyer, the Supreme Court of India," the major concern is that large number of registered NGOs didn't submit their annual returns to comply the Indian law. Delhi is the place which fetches the highest amount of foreign donation in the year 2013 followed by Tamil Nadu.
It is worth noticing that during 2012 and 2013, both Delhi and TN encountered anti-government protests, such as protest to sabotage Kudankulam nuclear plant.
Due to the strong connection of India with United States there were highest number of donations from the world's biggest economy. Rs. 4,050 crore of donations were made by US people during 2012 and 2013. Mr. Kisaly Pandey - Money Laundering Lawyer, the Supreme Court of India, " apprises that an inquiry made by the PMO on foreign contributions and according to the sources it will soon be submitted to Prime Minister Narendra Modi. Hopefully the new government will take some serious moves to scrutinise their activities".
There is more buzz than bite in the contribution of non-governmental organisations(NGOs) towards the socio-economic upliftment of the underprivileged people in India. In the year 2013, Indian NGOs received nearly Rs. 12,500 crore from foreign countries, but the amount used by them for real purposes was even less than ten percent. A recent report from the ministry of home affairs, Government of India, There are approximately 20 lakhs NGOs in the country and only two per cent of them reported their donations from abroad. What happened to those 98 per cent NGOs? Why they didn't report and where the money has been invested? These are the few things which raised questions on the intention, efficiency and contribution of NGOs in reforming the societies and protecting the environment. According to Mr. Kisaly Pandey - Money Laundering Lawyer, the Supreme Court of India," Money laundering is not restricted to the procurement of wealth through illegal means, but concealing the legal income from public authorities also comes in the pretext of money laundering and it is clear that most of the money used by NGOs went for unspecified purposes". Financial matter lawyer
According to the ministry of home report released in December 2013, “the NGO sector in India is prone to the risks of money laundering and it is equally true that the sector can also be linked to terrorist financing.†This report also highlighted that there is no centralised database on the number of NGOs in India and nothing is transparent about their financial operations. Moreover, the report figured out that the highest amounts utilised for unknown activities. Such as Rs. 2,350 crore were noted under the miscellaneous head followed by work in rural development, welfare of children, construction and maintenance of schools and colleges.
According to Mr. Kisaly Pandey - Money Laundering Lawyer, the Supreme Court of India," the major concern is that large number of registered NGOs didn't submit their annual returns to comply the Indian law. Delhi is the place which fetches the highest amount of foreign donation in the year 2013 followed by Tamil Nadu.
It is worth noticing that during 2012 and 2013, both Delhi and TN encountered anti-government protests, such as protest to sabotage Kudankulam nuclear plant.
Due to the strong connection of India with United States there were highest number of donations from the world's biggest economy. Rs. 4,050 crore of donations were made by US people during 2012 and 2013. Mr. Kisaly Pandey - Money Laundering Lawyer, the Supreme Court of India, " apprises that an inquiry made by the PMO on foreign contributions and according to the sources it will soon be submitted to Prime Minister Narendra Modi. Hopefully the new government will take some serious moves to scrutinise their activities".
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About Abhinav K. 
Digital Marketing Expert, Freelance
3,664 connections, 72 recommendations, 9,073 honor points.Joined APSense since, November 11th, 2011, From New Delhi, India.
Created on Dec 31st 1969 18:00. Viewed 0 times.
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