ED

-
ENFORCEMENT DIRECTORATE
Recently, The Enforcement Directorate (ED) summoned Delhi Chief Minister Arvind Kejriwal yet again for 
questioning in the excise policy case.
 Enforcement Directorate (ED): The Directorate of Enforcement is mandated with investigation 
of off enses of money laundering and violations of foreign exchange laws under the Department of 
Revenue of the Ministry of Finance.
 Appointment of Director of ED: The ED Director is appointed by the central government on the 
recommendation of a committee: 
 Chaired by the Central Vigilance Commissioner and 
 Members comprising the Vigilance Commissioners, Home Secretary, Secretary DOPT and 
Revenue Secretary.
 ED Director Tenure: The Enforcement Directorate’s director has 2-year security of tenure according 
to (Central Vigilance Commission Act ) 2003, recently an amendment has been taken to it according 
to which its director’s tenure can be increased up to 3 years meaning total tenure can be 5 years.
The statutory functions of the Directorate include enforcement of following Acts:
 The Prevention of Money Laundering Act, 2002 (PMLA): It is a criminal law enacted to prevent 
money laundering and to provide for confi scation of property derived from, or involved in, money-
laundering and for matters connected therewith or incidental thereto. ED has been given the 
responsibility to enforce the provisions of the PMLA by conducting investigation to trace the assets 
derived from proceeds of crime, to provisionally attach the property and to ensure prosecution of 
the off enders and confi scation of the property by the Special court.
 The Foreign Exchange Management Act, 1999 (FEMA): It is a civil law enacted to consolidate 
and amend the laws relating to facilitate external trade and payments and to promote the orderly 
development and maintenance of foreign exchange market in India. ED has been given the 
responsibility to conduct investigation into suspected contraventions of foreign exchange 
laws and regulations, to adjudicate and impose penalties on those adjudged to have contravened 
the law.
 The Fugitive Economic Off enders Act, 2018 (FEOA): This law was enacted to deter economic 
off enders from evading the process of Indian law by remaining outside the jurisdiction of Indian 
courts. It is a law whereby the Directorate is mandated to attach the properties of the fugitive economic 
off enders who have escaped from India warranting arrest and provide for the confi scation of their 
properties to the Central Government.

Comments

Post a Comment

Popular posts from this blog

Environmental

-
 ENVIRONMENT GREENING AND RESTORATION OF WASTELAND WITH AGROFORESTRY (GROW) REPORT  GROW initiative by NITI Aayog-to assess agroforestry suitability across all districts in India.  Around 17% of India’s total geographical area is wasteland.  This initiative is Needed for the aim to restore 26 million hectares of degraded land by 2030 and  create an additional carbon sink.  3 main types of agroforestry systems :   Agrisilvicultural systems : Crops+ Trees  Silvopastoral systems- trees+ animals  Agrosilvopastoral systems= Crops+Trees+animals ALASKA POX Why in News “An elderly man from Alaska recently became the fi rst person to die after contracting Alaska Pox.”  It is a double-stranded DNA virus belonging to the same genus (Orthopoxvirus) as smallpox, monkeypox, and cowpox.  First discovered in Alaska in 2015.  Orthopoxviruses are zoonotic viruses that can infect various mammals, including humans.  While human-to-human transmission of Alaska Pox has not yet been...
Read more

wildlife_sanctuary

-
 #wildlife_sanctuary ❇️ Sohagibarwa Wildlife Sanctuary ➖ Located in the Maharajganj district in Uttar Pradesh state. ➖ Situated on the west Bank of the Gandaki River, near the border with Nepal. ➖ One of the tiger habitats of in Uttar Pradesh.
Read more

UNITED NATIONS FRAMEWORK CONVENTION ON CLIMATE CHANGE (UNFCCC)

-
UNITED NATIONS FRAMEWORK CONVENTION ON  CLIMATE CHANGE (UNFCCC)- KEY POINTS • The United Nations Conference on Environment and  Development is also known by other names like the Earth  Summit, the Rio Summit, or the Rio Conference. • Two other outcomes of the Rio Conference were  Convention on Biological Diversity and  The United Nations Convention to Combat Desertification. • About UNFCCC:  It is a multilateral treaty governing actions to combat  climate change through adaptation and mitigation  efforts directed at control of emission of GreenHouse  Gases (GHGs) that cause global warming.  It is considered the parent treaty of both the Kyoto  Protocol (1997) and the Paris Agreement (2015).  UNFCCC entered into force on 1994 and has been  ratified by 197 countries.  India ratified the UNFCCC in 1993.  Nodal Agency in India: The Ministry of Environment,  Forests and Climate Change (MoEFCC) acts as the  nodal agency fo...
Read more