Indian Agencies Fighting Economic Crimes

Prelims & Mains

What are the various measures by government to fight against Economic crimes? (250 Words)

Indian Agencies Fighting Economic Crimes, for this purpose, the Government of India has set up the following Investigating Agencies which function under the Department of Revenue in Union Ministry of Finance:- 

Related Topics  National Anti-profiteering  Authority 

Indian Agencies Fighting Economic Crimes

Central Economic Intelligence Bureau (Apex Intelligence & Co-ordinating body)

Directorate General of Revenue Intelligence (for Customs related offences)

Directorate of Enforcement (for Foreign Exchange related offences)

Directorate General of Central Excise Intelligence (for Central Excise related offences)

Directorate General of Income Tax (for Income Tax related offences) 

Narcotics Control Bureau (for Drugs related offences)

Related Topics  Advance Pricing Agreement

In pursuance of its commitment to fight economic crime, the Government of India has been implementing an attractive Reward Scheme for persons (irrespective of their nationality) providing useful information to the Government of India.

In order to facilitate coordination amongst the Enforcement Agencies dealing with economic offences and ensure operational coordination amongst them, a two tier system has been established by the Government of India with an Economic Intelligence Council  at the Centre under the Chairmanship of Union Finance Minister, and 30 Regional Economic Intelligence Commmittees at different places in India.

Operation Clean Money (OCM)

Raja Raja Cholan
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