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Economic Offences and Their Impact

This document discusses economic crimes and their impact on the economy. It notes that economic crimes are committed with high-tech precision and cause significant changes, including increased inflation, uneven resource distribution, generation of black money, and weakening of citizens' morale and commitment. It lists several enforcement agencies in India that deal with economic crimes such as money laundering, tax evasion, and cyber crimes. The government has taken steps like implementing Acts, amending legislation, introducing stringent punishments, and establishing new enforcement agencies to curb these crimes.

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samarth agrawal
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479 views8 pages

Economic Offences and Their Impact

This document discusses economic crimes and their impact on the economy. It notes that economic crimes are committed with high-tech precision and cause significant changes, including increased inflation, uneven resource distribution, generation of black money, and weakening of citizens' morale and commitment. It lists several enforcement agencies in India that deal with economic crimes such as money laundering, tax evasion, and cyber crimes. The government has taken steps like implementing Acts, amending legislation, introducing stringent punishments, and establishing new enforcement agencies to curb these crimes.

Uploaded by

samarth agrawal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd

UNIT I

Chapter 2
Economic Offences & its Impact on
Economy

Presented By
Prof. Kavita Dive
Indore Institute Of Law
Introduction to Crimes

Economic crimes with high-tech precisions


Offences are not different from traditional penal
offences
Economic crimes cause significant changes to the
economy as a whole
Impact on Economy
Increase in inflationary pressure
Uneven distribution of resources
Margin of tax base
Generation of abundant black money
Creation of a parallel economy
Development works/efforts are undermined
Countrys economic equilibrium is at stake
Breeding ground of corruption
Resources of financial institutions and commercial organizations are diverted
and distorted
Weakens morale and commitment to citizens
The poor continue to remain poor
Legislation
Enforcement Agencies

Central Bureau of Investigation


Directorate of Enforcement
Central Board of Direct Taxes
Directorate of Revenue Intelligence
Directorate of Preventive Operations
Narcotics Control Bureau
Directorate General of Foreign Trade
Directorate of Income Tax
Directorate of Vigilance (in States)
Directorate of Enforcement (in States)
Economic Crimes

Smuggling
Money laundering
Tax evasion
Export and import offences
Drug trafficking
Trafficking in cultural property
Bribery and corruption
Cyber crimes
Steps taken by Government to curb
these Crimes

Implementation of Acts
Amendments in legislation
Stringent punishments
Prompt decision making
New strategies
Introduction of new enforcement agencies

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