Central Economic Intelligence Bureau
Encyclopedia
The Central Economic Intelligence Bureau (CEIB) is an Indian intelligence agency responsible for gathering information and monitoring the economic and financial sectors
for economic offences and warfare
.
. Along with the Income Tax Departmentit is India's chief agency responsible for economic intelligence, monitoring and fighting economic offences such as smuggling, money laundering tax evasion and fraud.
. The CEIB is the chief constituent of the Economic Intelligence Council
and is responsible to the Finance Minister of India
. The sanctioned strength of the Bureau includes two Deputy Directors General and Joint Secretaries, the Joint Secretary (COFEPOSA), five Assistant Directors General, four Under Secretaries and eight Senior Technical Officers. Including intelligence officers and secretarial staff, the total strength of the bureau stands at 133.
(CBI), Directorate of Revenue Intelligence and the Reserve Bank of India. The CEIB also cooperates at the international level with the agencies of other countries responsible for customs, drugs and economic law enforcement.
Economy of India
The Economy of India is the ninth largest in the world by nominal GDP and the fourth largest by purchasing power parity . The country is a part of the G-20 major economies and the BRICS, in addition to being partners of the ASEAN. India has a per capita GDP of $3,608 as per 2010 figures, making it...
for economic offences and warfare
Economic warfare
Economic warfare is the term for economic policies followed as a part of military operations during wartime.The purpose of economic warfare is to capture critical economic resources so that the military can operate at full efficiency and/or deprive the enemy forces of those resources so that they...
.
Formation
The Central Economic Intelligence Bureau was established in July, 1985 responsible to the Ministry of FinanceMinistry of Finance (India)
The Ministry of Finance is an important ministry within the Government of India. It concerns itself with taxation, financial legislation, financial institutions, capital markets, center and state finances, and the Union Budget....
. Along with the Income Tax Departmentit is India's chief agency responsible for economic intelligence, monitoring and fighting economic offences such as smuggling, money laundering tax evasion and fraud.
Organisation
The Central Economic Intelligence Bureau is headed by a Director General, who also carries the designation of Special Secretary to the Government of IndiaGovernment of India
The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...
. The CEIB is the chief constituent of the Economic Intelligence Council
Economic Intelligence Council
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...
and is responsible to the Finance Minister of India
Finance Minister of India
The Minister of Finance, also known as the Finance Minister of India is a cabinet position in the Government of India and heads the Ministry of Finance. He drafts the general budget of the country, and is in charge of the national economy. Currently, Pranab Mukherjee holds the charge of finance...
. The sanctioned strength of the Bureau includes two Deputy Directors General and Joint Secretaries, the Joint Secretary (COFEPOSA), five Assistant Directors General, four Under Secretaries and eight Senior Technical Officers. Including intelligence officers and secretarial staff, the total strength of the bureau stands at 133.
Functions
The functions of the CEIB are to collect information on various illegal economic activities and monitor sensitive and susceptible sectors of the Indian economy and financial sector. The CEIB was also created to ensure the full implementation of the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1971 (COFEPOSA). It is also responsible for developing methods to counter such crimes and criminal organisations involved. It is the chief coordinator of other agencies in the Ministry of Finance that are responsible for fighting economic offences, as well as the agencies of state governments. It also cooperates and liaisons with the Central Bureau of InvestigationCentral Bureau of Investigation
The Central Bureau of Investigation is a government agency of India that serves as a criminal investigation body, national security agency and intelligence agency. It was established on 1 April 1963 and evolved from the Special Police Establishment founded in 1941...
(CBI), Directorate of Revenue Intelligence and the Reserve Bank of India. The CEIB also cooperates at the international level with the agencies of other countries responsible for customs, drugs and economic law enforcement.