The Economic Intelligence Council is the apex forum overseeing government agencies responsible for

economic An economy is an area of the Production (economics), production, Distribution (economics), distribution and trade, as well as Consumption (economics), consumption of Goods (economics), goods and Service (economics), services. In general, it is ...

intelligence Intelligence has been defined in many ways: the capacity for abstraction, logic, understanding, self-awareness, learning, emotional knowledge, reasoning, planning, creativity, critical thinking, and problem-solving. More generally, it can b ...

and combating economic offences in India. 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.

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 The Union Council of Ministers Article 58 of the ''Constitution of India'' is the principal executive organ of the Government of India, which is responsible for being the senior decision making body of the executive branch. It is chaired by t ...

on laws regulating the financial sector and fighting economic crimes.

Members

The chairperson of the Economic Intelligence Council is the

Finance Minister of India The Minister of Finance (Vitta Mantrī ) (or simply, the Finance Minister, short form FM) is the head of the Ministry of Finance of the Government of India. One of the senior offices of the Union Cabinet, the finance minister is responsible for ...

. Its chief members include the

Governor of the Reserve Bank of India The Governor of the Reserve Bank of India is the chief executive officer of India's central bank and the ''ex-officio'' chair of its Central Board of Directors. Indian Rupee currency notes, issued by the Reserve Bank of India, bear the governor ...

(RBI), Chairman of the

Securities and Exchange Board of India The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity market in India under the ownership of Ministry of Finance within the Government of India. It was established on 12 April 1988 as an executive ...

(SEBI) and the Directors of the

Central Bureau of Investigation The Central Bureau of Investigation (CBI) is the premier 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 governmen ...

(CBI),

Narcotics Control Bureau The Narcotics Control Bureau ( NCB) is an Indian central law enforcement and intelligence agency under the Ministry of Home Affairs, Government of India. The agency is tasked with combating drug trafficking and the use of illegal substance ...

(NCB) and the

Directorate of Revenue Intelligence The Directorate of Revenue Intelligence (DRI) is an Indian intelligence agency. It is India's apex anti-smuggling intelligence, investigations and operations agency. The Directorate is run by officers from the Central Board of Indirect Taxes a ...

(DRI). Members from the Finance Ministry include the Secretaries of Finance, Revenue, Company Affairs and the Additional Secretary of Banking. The Central Board of Indirect Taxes and Customs is represented by its chairman and its members responsible for the Excise/GST, Customs and Anti-Smuggling departments. Such as the Directors Of Directorate of GST Intelligence (DGGI) and Directorate of Revenue Intelligence (DRI). The

Central Board of Direct Taxes Taxes in India are levied by the Central Government and the State Governments by virtue of powers conferred to them from the Constitution of India. Some minor taxes are also levied by the local authorities such as the Municipality. The authori ...

is represented by its chairman and the member for investigation. Other department heads include the Directors of the

Directorate General of Economic Enforcement The Directorate of Enforcement (ED) 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, Gover ...

. The Deputy Director General of the

Central Economic Intelligence Bureau 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 Intel ...

serves as the Council's secretary. Special invitees include the director of the

Intelligence Bureau Intelligence Bureau may refer to: * Intelligence Bureau (India) * Intelligence Bureau (Pakistan) * Intelligence agency See also *Intelligence Bureau for the East, a World War I German organisation *Intelligence agency *National Intelligence Servic ...

(IB) and the

Directorate General of Foreign Trade Directorate may refer to: Contemporary *Directorates of the Scottish Government * Directorate-General, a type of specialised administrative body in the European Union * Directorate-General for External Security, the French external intelligence ag ...

Regional committees

Under the Economic Intelligence Council are 30 Regional Economic Intelligence Committee (India). The committees are constituted of a wide range of agencies and officials responsible for the designated regions.

References

{{Indian intelligence agencies Indian intelligence agencies Ministry of Finance (India) Financial crime prevention Tax evasion in India 1990 establishments in India Government agencies established in 1990