In my personal point of view the step that Social Welfare Council is planning to take will certainly help toward creating transparency and accountability among INGOs in Nepal. The idea to bring financial transaction of INGOs under Government Banking System will be an effective measure to control more than 250 INGOs (SWC) working in Nepal.
If we look at Governance and Economic Reform Immediate Action Plan 2069, under the clause 13 (corruption and transparency) it is necessary for all INGOs working in Nepal to publish their budget ,completed work expenditure and human resources in an integrated manner.
However, the cases of fabricating the audits have been witnessed.
But when their transaction comes under government banking system their gross incoming budget becomes visible and hence assists to determine their actual condition which will help to obliterate hypocrisy.
According to the new measure the expenditure transaction also applies to the government banking system. In this case their works can be evaluated and transparency of works can be determined. On the whole, we can analyze their efficiency in changing the lives of the people. Their financial irregularities can be pinpointed. When this happens they become more accountable to their stakeholders and hence can have better coordination with government to achieve the desired result in the relevant field.
To sum up, this step helps to filter who and what is good for society. If the philanthropy really dwells within them, they must be ready to face this huddle or else it can be presumed that they are here simply to feed their elites. This is the test for one and all.