Central Economic Intelligence Bureau

Central Economic Intelligence Bureau

Logo of the Central Economic Intelligence Bureau
Agency overview
Formed July 1985
Legal personality Governmental: Government agency
Jurisdictional structure
Federal agency India
Governing body Government of India
General nature
Operational structure
Headquarters New Delhi, India
Agency executive Archana Ranjan IRS (Income Tax), Director and Special Secretary to the Government of India
Parent agency Department of Personnel and Training
Child agency Interpol National Central Bureau India branch
Website
http://www.ceib.nic.in/ceib.htm

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.[1][2]

Formation

The Central Economic Intelligence Bureau was established in July, 1985 responsible to the Department of Revenue, Ministry of Finance.[2] 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.[2]

Organisation

The Central Economic Intelligence Bureau is headed by a Director General, who also carries the designation of Special Secretary to the Government of India.[2] 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.[2]

Functions

  1. To collect information on various illegal economic activities and monitor sensitive and susceptible sectors of the Indian economy and financial sector.
  2. To ensure the full implementation of the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (COFEPOSA).[1] It is also responsible for developing methods to counter such crimes and criminal organisations involved.[1]
  3. 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.
  4. It also cooperates and liaisons with the Central Bureau of Investigation (CBI), Central Board of Excise and Customs (CBEC), Directorate of Revenue Intelligence (DRI), Central Board of Direct Taxes (CBDT), etc.[1]
  5. The CEIB also cooperates at the international level with the agencies of other countries responsible for customs, drugs and economic law enforcement.[1]

See also

References

  1. 1 2 3 4 5 "Central Economic Intelligence Bureau". National Informatics Centre. Retrieved 2009-07-18.
  2. 1 2 3 4 5 "Central Economic Intelligence Bureau - Ministry of Finance" (PDF). Ministry of Finance. Retrieved 2009-07-18.
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