Central Economic Intelligence Bureau

Central Economic Intelligence Bureau
केंद्रीय आर्थिक आसूचना ब्यूरो
Common nameCentral Economic Intelligence
Motto"नवारंभः अन्यारंभ स्यांतादायाति"
Every Beginning Comes From Another Beginning's End
Agency overview
FormedJuly 1985
Jurisdictional structure
Federal agency
(Operations jurisdiction)		India
Operations jurisdictionIndia
Legal jurisdictionCOFEPOSA Act,1974

SAFEMA (FOP) Act,1976

SAFEMA (FOP) Rules, 2006
Governing bodyGovernment of India
General nature
Operational structure
HeadquartersNew Delhi, India
Agency executive
  • Amit Mohan Govil, IRS, Director General
Parent agencyDepartment of Revenue
Child agency
UnitsEconomic Intelligence Council
Regional officesRegional Economic Intelligence Council
Facilities
Offices40
Website
ceib.gov.in

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 Department it 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 its functions are overseen by the Finance Minister of India. The sanctioned strength of the Bureau includes two Deputy Directors General and Joint Secretaries, a 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. ^ a b c d e "Central Economic Intelligence Bureau". National Informatics Centre. Archived from the original on 5 April 2016. Retrieved 18 July 2009.
  2. ^ a b c d e Central Economic Intelligence Bureau – Ministry of Finance (PDF) (Report). Ministry of Finance. Archived from the original (PDF) on 16 July 2011. Retrieved 18 July 2009.
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