The Economic Intelligence Council is the apex forum overseeing government agencies responsible for economic intelligence and combating economic offences. The Council is also the apex of 18 regional economic intelligence committees, and is part of the Union Ministry of Finance.[1] It was formed in 1990.[2]

Functions[edit | edit source]

The Economic Intelligence Council is responsible for coordination, strategy and information-sharing amongst the government agencies responsible for intelligence and control of economic offences such as smuggling, money laundering tax evasion and fraud.[1] The Council also advises the Finance Minister and the Union Council of Ministers on laws regulating the financial sector and fighting economic crimes.[1]

Members[edit | edit source]

The chairperson of the Economic Intelligence Council is the Finance Minister of India.[1] Its chief members include the Governor of the Reserve Bank of India (RBI), Chairman of the Securities and Exchange Board of India (SEBI) and the Directors of the Central Bureau of Investigation (CBI), Narcotics Control Bureau (NCB) and the Directorate of Revenue Intelligence.[1] Members from the Finance Ministry include the Secretaries of Finance, Revenue, Company Affairs and the Additional Secretary of Banking.

The Central Board of Excise and Customs is represented by its Chairman and its members responsible for the Excise, Customs and Anti-Smuggling departments.[1] The Central Board of Direct Taxes is represented by its chairman and the member for investigation. Other department heads include the Directors of the Directorate General of Economic Enforcement and Directorate General of Anti-Evasion.[1] The Deputy Director General of the Central Economic Intelligence Bureau serves as the Council's secretary.[3][2] Special invitees include the Director of the Intelligence Bureau (IB) and the Directorate General of Foreign Trade.[1]

Regional committees[edit | edit source]

Under the Economic Intelligence Council are 18 regional economic intelligence committees.[1][2] The committees are constituted of a wide-range of agencies and officials responsible for the designated regions, including senior regional officers of the Central Board of Direct Taxes,Central Board of Excise and Customs, Central Board of Direct Taxes, Reserve Bank of India, State Bank of India, registrar of the companies, head of the states sales tax departments and the head of the regional office of the Directorate General of Foreign Trade,CBI,Lokayukta,CISF,CRPF,NCB,CBN etc.[2] The convenors of the regional committees are:

References[edit | edit source]

Template:Indian intelligence agencies

ru:Совет по экономической разведке

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