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RBI to share details of FDI with intelligence agencies

In a move to check black money entering into the country, the Reserve Bank of India will share FDI-related information with Intelligence Bureau and Research and Analysis Wing. According to news reports, the decision was taken during a recent meeting of a government group, headed by revenue secretary, to check economic crimes. The move comes after cabinet secretariat, who also have administrative control over RAW, expressed concern over companies in tax havens investing in the country. According to the report, during the meeting of Working Group on Intelligence Apparatus, representatives of Intelligence Bureau felt that it is important to have the information shared. It was decided that RBI should share with IB and cabinet secretariat, information on FDI which actually enters the country.

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