Economic Intelligence Council: Aims & Members

Q.  Which of the following statements is/are correct about Economic Intelligence Council?

1. It is a part of CBI
2. Finance secretary is chairperson of Economic Intelligence Council
- Published on 26 Nov 15

a. Only 1
b. Only 2
c. Both
d. None of the above

ANSWER: None of the above
 
- The Economic Intelligence Council is the apex forum overseeing government agencies responsible for economic intelligence 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.
- The chairperson of the Economic Intelligence Council is the Finance Minister of India.
- Its chief members include the Governor of the Reserve Bank of India (RBI), Chairman of the Securities and Exchange Board of India (SEBI) and the Directors of the Central Bureau of Investigation (CBI), Narcotics Control Bureau (NCB) and the Directorate of Revenue Intelligence.
Members from the Finance Ministry include the Secretaries of Finance, Revenue, Company Affairs and the Additional Secretary of Banking.

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