Published in:
Economic Times
Pubished on:
7 Mar 2016
The Reserve Bank of India will share FDI-related information with country's intelligence agencies -- IB and RAW -- to check black money from entering the country.
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 -- under whose administrative control Research and Analysis Wing (RAW) functions -- expressed concern over companies in tax havens investing in the country, official sources said.