India to revamp economic intelligence agency
April 5th, 2011 - 10:09 pm ICT by IANS
New Delhi, April 5 (IANS) Amid increasing cases of tax evasion, frauds and corruption, India Tuesday announced it would revamp its nodal economic intelligence agency.
President Pratibha Patil has sanctioned the constitution of a committee that will make recommendation to restructure the Central Economic Intelligence Bureau (CEIB), the finance ministry said in a statement.
CEIB is the nodal agency responsible for economic intelligence, and monitoring and fighting economic offences like tax evasion, money laundering and smuggling.
The four-member committee will study the CEIB’s structure and make recommendations to “streamline and strengthen the existing financial intelligence gathering and its dissemination”.
The committee will submit it report to the government within two months.
The committee includes S.S. Khan, a former member of the Central Board of Direct Taxes (CBDT), Vijay Lakshmi Sharma, a member of Central Board of Excise and Customs (CBEC), Kewal Ram, senior economic advisor in the consumer affairs department, and a CEIB representative.
- Supreme Court ruling on money laundering probe Monday (Lead) - Jul 02, 2011
- Tax targets revised upwards: Pranab - Jan 23, 2011
- High-level committee to trail money laundering (Lead) - Apr 25, 2011
- Apex court appoints probe team on money laundering (Second Lead) - Jul 04, 2011
- Government may tighten phone tapping norms - Apr 25, 2011
- High-level committee to trail money laundering - Apr 25, 2011
- Panel to suggest ways of seizing black money parked abroad - May 28, 2011
- India, Singapore to amend tax treaty - Jun 24, 2011
- Finance Minister outlines measures to 'improve governance' - Feb 28, 2011
- Supreme Court quizzes government on taxation agreement - May 03, 2011
- Government detects Rs.13,620 crore tax evasion - Apr 10, 2012
- Black money case: Apex court reserves verdict (Lead) - Sep 01, 2011
- Punjab abolishes VAT on rice bran and husk - Nov 13, 2010
- Panel on black money holds first meeting - Jun 09, 2011
- Indian tax board to open eight overseas offices - May 17, 2011
Tags: central board of excise, central board of excise and customs, consumer affairs department, direct taxes, dissemination, economic advisor, economic intelligence, economic offences, excise and customs, finance ministry, financial intelligence, frauds, intelligence agency, intelligence bureau, intelligence gathering, lakshmi, member committee, nodal agency, president pratibha patil, tax evasion