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.
Formation
The Central Economic Intelligence Bureau was established in July 1985 responsible to the Department of Revenue,
Ministry of Finance
A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position .
A ministry of finance's portfoli ...
.
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.
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
The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...
.
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.
Functions
# To collect information on various illegal economic activities and monitor sensitive and susceptible sectors of the Indian economy and financial sector.
# To ensure the full implementation of the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974
(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 Investigation
The Central Bureau of Investigation (CBI) is the domestic crime investigating agency of India. It operates under the jurisdiction of the Ministry of Personnel, Public Grievances and Pensions. Originally set up to investigate bribery and gover ...
(CBI),
Central Board of Excise and Customs (CBEC),
Directorate of Revenue Intelligence (DRI),
Central Board of Direct Taxes (CBDT), etc.
# The CEIB also cooperates at the international level with the agencies of other countries responsible for customs, drugs and economic law enforcement.
See also
*
Directorate of Revenue Intelligence
References
{{Authority control
Indian intelligence agencies
Ministry of Finance (India)
Financial regulatory authorities of India
Anti-money laundering organizations
Tax evasion in India
1985 establishments in India
Government agencies established in 1985