Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Sunday 25 February 2018

Too Many Cooks , spoil the Broth ?





Just came across following  very informative / enlightening article , written by Shri Shantanu Nandan Sharma , Editor – Economic Times




 




Extract :


…… is as much a failure of intelligence sharing as it’s a case of connivance, greed, faulty audit and laxity on the part of the banking regulator, RBI.
 

Does the Central Economic Intelligence Bureau (CEIB) or any other agency have a robust IT system to handle intelligence data gathered from across the country


Not just that, according to the agency’s revised charter of 2003, the CEIB is the official think tank among the intelligence agencies on issues relating to economic offences. 


But a reality check of the CEIB’s office in Delhi will tell you that it’s too small an organisation to be a national think tank in economic intelligence 


It does not have an IT system that automatically registers each and every eco-nomic crime committed in every nook and corner of the country. Nor does it receive the RBI’s inspection reports, which are considered critical to analyse bank frauds, like the one in PNB.


The problem, however, is not a lack of apparatuses but in the sharing of specific intelligence inputs among a dozen agencies that at times work in silos. The challenge is to spot new trends in economic crimes and deploy effective deterrence.

 

It may well be a bigger money laundering case which only the ED can decipher.



But what if that information is not passed on to ED because of the laxity of state police or, possibly, turf battle.



But once there’s a central computer system that automatically registers inputs, it will raise red flags.

 

Though intelligence sharing does take place, there are instances when key information gets stuck due to turf battles or perceived notions that the information is too sensitive to be passed on. Also, the government machinery is too slow to adapt to new technology and that’s where tech-savvy fraudsters easily beat the slow sarkari machinery. 




In his article, Shri Shantanu lists following agencies :



·         CEIB    (  Central  Economic  Intelligence  Bureau )


·         DGGI   (  Directorate  General  of Goods  and  Services  Tax  Intelligence  )


·         ED       (  Enforcement  Directorate  )


·         CBI      (  Central  Bureau  of  Investigation  )


·         NCB    (  Narcotics  Control  Bureau  )


·         CBDT  (  Central  Board  of  Direct Taxes  )


·         FIU     (  Financial  Intelligence  Unit  )


·         NCRB  (  National  Crime  Records  Bureau  )


·         DRI     (  Directorate  of  Revenue  Intelligence  )


·         SFIO   (  Serious  Fraud  Investigation  Office  )


·         NIA    (  National  Investigation  Agency )

·          
·         EOW  (  Economic  Offence  Wings – State  Police  Agencies  )

·          



Dear  Shri  Shantanuji ,



I do hope the “ Powers that Be “ get to read and act upon your suggestion for a CENTRAL / COMMON DATABASE , created and shared collaboratively , by all these agencies



I had made the same suggestion some 4 YEARS  ago in my following blog and sent as emails to Cabinet Ministers / PM-EAC / NITI Aayog


  

E - Governance?   [  03  April  2014  ]

 

https://myblogepage.blogspot.com/2014/04/e-governance.html




===========================================

 

26  Feb  2018

www.hemenparekh.in / blogs



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