Economic Intelligence Council
Encyclopedia
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
. It was formed in 1990.
. 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
. 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. 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
. The Deputy Director General of the Central Economic Intelligence Bureau
serves as the Council's secretary. Special invitees include the Director of the Intelligence Bureau
(IB) and the Directorate General of Foreign Trade
.
, 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. The convenors of the regional committees are:
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...
intelligence
Intelligence (information gathering)
Intelligence assessment is the development of forecasts of behaviour or recommended courses of action to the leadership of an organization, based on a wide range of available information sources both overt and covert. Assessments are developed in response to requirements declared by the leadership...
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
Ministry 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....
. It was formed in 1990.
Functions
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. The Council also advises the Finance Minister and the Union Council of Ministers on laws regulating the financial sector and fighting economic crimes.Members
The chairperson of the Economic Intelligence Council is the Finance Minister of IndiaFinance 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...
. Its chief members include the Governor of the Reserve Bank of India (RBI), Chairman of the Securities and Exchange Board of India
Securities and Exchange Board of India
The Securities and Exchange Board of India is the regulator for the securities market in India.-History:It was formed officially by the Government of India in 1992 with SEBI Act 1992 being passed by the Indian Parliament...
(SEBI) and the Directors of the Central Bureau of Investigation
Central 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), Narcotics Control Bureau
Narcotics Control Bureau
The Narcotics Control Bureau is the chief law enforcement and intelligence agency of India responsible for fighting drug trafficking and the abuse of illegal substances.-Formation:...
(NCB) and the Directorate of Revenue Intelligence
Directorate of Revenue Intelligence
The Directorate of Revenue Intelligence is an Indian intelligence agency.Even today, the organisation runs on skeleton staff even when compared to other intelligence agencies such as IB or state Police organisations.It comproses of officers of the Indian Revenue Service.However, its track record...
. 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
Central Board of Excise and Customs
The Central Board of Excise and Customs is the national agency responsible for administering customs and excise in India.The Customs & Excise department was established in the year 1855 by the then British Governor General of India, to administer customs laws in India and collection of import...
is represented by its Chairman and its members responsible for the Excise, Customs and Anti-Smuggling departments. 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
Directorate General of Economic Enforcement
The Directorate General of Economic Enforcement is a law enforcement agency and economic intelligence agency responsible for enforcing economic laws and fighting economic crime in India. It is part of the Department of Revenue, Ministry of Finance. It comprises officers of the Indian Revenue Service...
and Directorate General of Anti-Evasion
Directorate General of Anti-Evasion
The Directorate General of Anti-Evasion is a law enforcement agency now renamed as Directorate General of Central Excise Intelligence, under the Ministry of Finance responsible for fighting tax evasion in India....
. The Deputy Director General of the Central Economic Intelligence Bureau
Central Economic Intelligence Bureau
The Central Economic Intelligence Bureau is an Indian intelligence agency responsible for gathering information and monitoring the economic and financial sectors for economic offences and warfare.-Formation:...
serves as the Council's secretary. Special invitees include the Director of the Intelligence Bureau
Intelligence Bureau (India)
The Intelligence Bureau also known as IB is India's internal intelligence agency and reputedly the world's oldest intelligence agency. It was recast as the Central Intelligence Bureau in 1947 under the Ministry of Home Affairs...
(IB) and the Directorate General of Foreign Trade
Directorate General of Foreign Trade
The Directorate General of Foreign Trade is the agency of the Ministry of Commerce and Industry of the Government of India responsible for administering laws regarding foreign trade and foreign investment in India.-IEC:...
.
Regional committees
Under the Economic Intelligence Council are 18 regional economic intelligence committees. 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 Excise and Customs, Central Board of Direct Taxes, Reserve Bank of India, State Bank of IndiaState Bank of India
The State Bank of India is the largest Indian banking and financial services company with its headquarters in Mumbai, India. It is state-owned. The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest...
, 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. The convenors of the regional committees are:
- Director General of Income Tax (Investigation), AhmedabadAhmedabadAhmedabad also known as Karnavati is the largest city in Gujarat, India. It is the former capital of Gujarat and is also the judicial capital of Gujarat as the Gujarat High Court has its seat in Ahmedabad...
- region of Ahmedabad in the state of Gujarat. - Director General of Income Tax (Investigation), BangaloreBangaloreBengaluru , formerly called Bengaluru is the capital of the Indian state of Karnataka. Bangalore is nicknamed the Garden City and was once called a pensioner's paradise. Located on the Deccan Plateau in the south-eastern part of Karnataka, Bangalore is India's third most populous city and...
- region of Bangalore in the state of KarnatakaKarnatakaKarnataka , the land of the Kannadigas, is a state in South West India. It was created on 1 November 1956, with the passing of the States Reorganisation Act and this day is annually celebrated as Karnataka Rajyotsava...
. - Chief Commissioner of Customs and Central Excise, VadodaraVadodaraVadodara formerly known as Baroda is the third most populated city in the Indian State of Gujarat . It is one of the four cities with the population of over 1 million...
- region of Vadodara, SuratSuratSurat , also known as Suryapur, is the commercial capital city of the Indian state of Gujarat. Surat is India's Eighth most populous city and Ninth-most populous urban agglomeration. It is also administrative capital of Surat district and one of the fastest growing cities in India. The city proper...
and Rajkot in the state of Gujarat. - Chief Commissioner of Customs and Central Excise, Bhopal - region of Bhopal, IndoreIndoreIndore is one of the major city in India, the largest city and commercial center of the state of Madhya Pradesh in central India. Indore is located 190 km west of the state capital Bhopal. According to the 2011 Indian census, Indore city has a population of 1,960,631...
, Raipur and Jabalpur in the states of Madhya PradeshMadhya PradeshMadhya Pradesh , often called the Heart of India, is a state in central India. Its capital is Bhopal and Indore is the largest city....
and ChhattisgarhChhattisgarhChhattisgarh is a state in Central India, formed when the 16 Chhattisgarhi-speaking South-Eastern districts of Madhya Pradesh gained separate statehood on 1 November 2000....
. - Commissioner of Customs and Central Excise, BhubaneswarBhubaneswarBhubaneswar is the capital of the Indian state of Orissa, officially Odisha. The city has a long history of over 2000 years starting with Chedi dynasty who had Sisupalgarh near present-day Bhubaneswar as their capital...
- region of Bhubaneswar in the state of OrissaOrissaOrissa , officially Odisha since Nov 2011, is a state of India, located on the east coast of India, by the Bay of Bengal. It is the modern name of the ancient nation of Kalinga, which was invaded by the Maurya Emperor Ashoka in 261 BC. The modern state of Orissa was established on 1 April...
. - Director General of Income Tax, MumbaiMumbaiMumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
- region of Mumbai in the state of MaharashtraMaharashtraMaharashtra is a state located in India. It is the second most populous after Uttar Pradesh and third largest state by area in India...
and the state of GoaGoaGoa , a former Portuguese colony, is India's smallest state by area and the fourth smallest by population. Located in South West India in the region known as the Konkan, it is bounded by the state of Maharashtra to the north, and by Karnataka to the east and south, while the Arabian Sea forms its...
. - Director General of Income Tax (Investigation), KolkataKolkataKolkata , formerly known as Calcutta, is the capital of the Indian state of West Bengal. Located on the east bank of the Hooghly River, it was the commercial capital of East India...
- region of Kolkata in the state of West BengalWest BengalWest Bengal is a state in the eastern region of India and is the nation's fourth-most populous. It is also the seventh-most populous sub-national entity in the world, with over 91 million inhabitants. A major agricultural producer, West Bengal is the sixth-largest contributor to India's GDP...
. - Chief Commissioner of Income Tax (Investigation), ChandigarhChandigarhChandigarh is a union territory of India that serves as the capital of two states, Haryana and Punjab. The name Chandigarh translates as "The Fort of Chandi". The name is from an ancient temple called Chandi Mandir, devoted to the Hindu goddess Chandi, in the city...
- region of Chandigarh, RohtakRohtakRohtak City is a Municipal Corporation in Rohtak district that styles itself as the "Heart of Haryana". It is located 70 km Northwest of New Delhi and 210 km South of the state capital Chandigarh at the NH 10...
, AmritsarAmritsarAmritsar is a city in the northern part of India and is the administrative headquarters of Amritsar district in the state of Punjab, India. The 2001 Indian census reported the population of the city to be over 1,500,000, with that of the entire district numbering 3,695,077...
, JalandharJalandharJalandhar is a city in Jalandhar District in the state of Punjab, India. It is located 144 km northwest of the state capital, Chandigarh...
and Patiala in the state of PunjabPunjab (India)Punjab ) is a state in the northwest of the Republic of India, forming part of the larger Punjab region. The state is bordered by the Indian states of Himachal Pradesh to the east, Haryana to the south and southeast and Rajasthan to the southwest as well as the Pakistani province of Punjab to the...
. - Chief Commissioner of Income Tax, Kochi - region of Kochi, ThiruvananthapuramThiruvananthapuramThiruvananthapuram , formerly known as Trivandrum, is the capital of the Indian state of Kerala and the headquarters of the Thiruvananthapuram District. It is located on the west coast of India near the extreme south of the mainland...
and Calicut in the state of KeralaKeralaor Keralam is an Indian state located on the Malabar coast of south-west India. It was created on 1 November 1956 by the States Reorganisation Act by combining various Malayalam speaking regions....
. - Director General of Income Tax (Investigation), DelhiDelhiDelhi , officially National Capital Territory of Delhi , is the largest metropolis by area and the second-largest by population in India, next to Mumbai. It is the eighth largest metropolis in the world by population with 16,753,265 inhabitants in the Territory at the 2011 Census...
- region of DelhiDelhiDelhi , officially National Capital Territory of Delhi , is the largest metropolis by area and the second-largest by population in India, next to Mumbai. It is the eighth largest metropolis in the world by population with 16,753,265 inhabitants in the Territory at the 2011 Census...
. - Chief Commissioner of Income Tax, Hyderabad - region of Hyderabad, VisakhapatnamVisakhapatnamVisakhapatnam is a major sea port on the south east coast of India. With a population of approximately 1.7 million, it is the second largest city in the state of Andhra Pradesh and the third largest city on the east coast of India after Kolkata and Chennai. According to the history, the city was...
and GunturGunturGuntur , is a city and a municipal corporation in the Indian state of Andhra Pradesh, located to the north and west of the Bay of Bengal. It is approximately to the south of the national capital, New Delhi and south east of state capital, Hyderabad. Guntur is the fourth largest city in Andhra...
in the state of Andhra PradeshAndhra PradeshAndhra Pradesh , is one of the 28 states of India, situated on the southeastern coast of India. It is India's fourth largest state by area and fifth largest by population. Its capital and largest city by population is Hyderabad.The total GDP of Andhra Pradesh is $100 billion and is ranked third...
. - Chief Commissioner of Income Tax, JaipurJaipurJaipur , also popularly known as the Pink City, is the capital and largest city of the Indian state of Rajasthan. Founded on 18 November 1727 by Maharaja Sawai Jai Singh II, the ruler of Amber, the city today has a population of more than 3.1 million....
- region of Jaipur in the state of RajasthanRajasthanRājasthān the land of Rajasthanis, , is the largest state of the Republic of India by area. It is located in the northwest of India. It encompasses most of the area of the large, inhospitable Great Indian Desert , which has an edge paralleling the Sutlej-Indus river valley along its border with...
. - Chief Commissioner of Income Tax, Kanpur - region of Kanpur, AllahabadAllahabadAllahabad , or Settled by God in Persian, is a major city of India and is one of the main holy cities of Hinduism. It was renamed by the Mughals from the ancient name of Prayaga , and is by some accounts the second-oldest city in India. It is located in the north Indian state of Uttar Pradesh,...
, LucknowLucknowLucknow is the capital city of Uttar Pradesh in India. Lucknow is the administrative headquarters of Lucknow District and Lucknow Division....
, AgraAgraAgra a.k.a. Akbarabad is a city on the banks of the river Yamuna in the northern state of Uttar Pradesh, India, west of state capital, Lucknow and south from national capital New Delhi. With a population of 1,686,976 , it is one of the most populous cities in Uttar Pradesh and the 19th most...
and Meerut in the state of Uttar PradeshUttar PradeshUttar Pradesh abbreviation U.P. , is a state located in the northern part of India. With a population of over 200 million people, it is India's most populous state, as well as the world's most populous sub-national entity...
. - Director General of Income Tax (Investigation), ChennaiChennaiChennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India...
- region of Chennai in the state of Tamil NaduTamil NaduTamil Nadu is one of the 28 states of India. Its capital and largest city is Chennai. Tamil Nadu lies in the southernmost part of the Indian Peninsula and is bordered by the union territory of Pondicherry, and the states of Kerala, Karnataka, and Andhra Pradesh... - Commissioner of Customs, MaduraiMaduraiMadurai is the third largest city in the Indian state of Tamil Nadu and one of the oldest continuously inhabited cities in the world. It served as the capital city of the Pandyan Kingdom. It is the administrative headquarters of Madurai District and is famous for its temples built by Pandyan and...
- region of Madurai and CoimbatoreCoimbatoreCoimbatore , also known as Kovai , is the second largest city in the Indian state of Tamil Nadu. It is a major commercial centre in Tamil Nadu and is known as the "Manchester of South India"....
in the state of Tamil Nadu. - Chief Commissioner of Income Tax, PatnaPatnaPaṭnā , is the capital of the Indian state of Bihar and the second largest city in Eastern India . Patna is one of the oldest continuously inhabited places in the world...
- region of PatnaPatnaPaṭnā , is the capital of the Indian state of Bihar and the second largest city in Eastern India . Patna is one of the oldest continuously inhabited places in the world...
and RanchiRanchi-Climate:Ranchi has a humid subtropical climate. However, due to its position and the forests around the city, it is known for its pleasant climate. Its climate is the primary reason why Ranchi was once the summer capital of the undivided State of Bihar...
in the states of BiharBiharBihar is a state in eastern India. It is the 12th largest state in terms of geographical size at and 3rd largest by population. Almost 58% of Biharis are below the age of 25, which is the highest proportion in India....
and JharkhandJharkhandJharkhand is a state in eastern India. It was carved out of the southern part of Bihar on 15 November 2000. Jharkhand shares its border with the states of Bihar to the north, Uttar Pradesh and Chhattisgarh to the west, Orissa to the south, and West Bengal to the east...
respectively. - Chief Commissioner of Income Tax, PunePunePune , is the eighth largest metropolis in India, the second largest in the state of Maharashtra after Mumbai, and the largest city in the Western Ghats. Once the centre of power of the Maratha Empire, it is situated 560 metres above sea level on the Deccan plateau at the confluence of the Mula ...
- region of Pune, Aurangabad, BelgaumBelgaumBelgaum is a city and a municipal corporation in Belgaum district in the state of Karnataka, India. It is the fourth largest city of the state of Karnataka, the first three being Bangalore, Mysore, Hubli-Dharwad....
, Kolhapur, Nasik and NagpurNagpurNāgpur is a city and winter capital of the state of Maharashtra, the largest city in central India and third largest city in Maharashtra after Mumbai and Pune...
in the state of MaharashtraMaharashtraMaharashtra is a state located in India. It is the second most populous after Uttar Pradesh and third largest state by area in India...
. - Commissioner of Customs (Preventive), ShillongShillong-Connectivity:Although well connected by road, Shillong has no rail connection and a proper air connection. Umroi Airport exists but has only limited flights.-Roadways:Shillong is well connected by roads with all major north eastern states...
- region of Shillong in the state of MeghalayaMeghalayaMeghalaya is a state in north-eastern India. The word "Meghalaya" literally means the Abode of Clouds in Sanskrit and other Indic languages. Meghalaya is a hilly strip in the eastern part of the country about 300 km long and 100 km wide, with a total area of about 8,700 sq mi . The...
.