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MHA for better monitoring of foreign accounts: Minister

IANS  |  New Delhi 

The Home Ministry has been in touch with the RBI to enable better monitoring of foreign accounts, Minister of State for Home Kiren Rijiju told the on Wednesday.

The ministry has requested the Reserve Bank of India to integrate FCRA (Foreign Contribution Regulation Act) accounts with Public Financial Management System for this purpose, he said in a written reply.

"It will enable the ministry to monitor receipt and utilisation of foreign contributions credited in such bank accounts," Rijiju said.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 15 2017. 18:02 IST