Forum Calls to change rules for students
After the return of nearly 20,000 Indian medical students from Ukraine, there are calls to change the rules on such students who have studied abroad to make it easier for them to complete their education in India and become an asset for their country. The government should give a serious consideration to this. So many of our bright children go abroad to countries like China and Ukraine from where they have to be extracted. It is indeed a pity but we can’t blame these students for going abroad. There are only about 88,000 MBBS seats in India, but more than 8,00,000 candidates appear in NEET. Thus the dream of over 7 lakh students remains unfulfilled.
Sunil Thakur
DEBATE
In 1985, the Central Economic Intelligence Bureau was created. It was the brainchild of V P Singh, then FM. Idea was to have a coordinated approach to commercial crimes. Towards this end, an Economic Intelligence Council under Chairmanship of the FM himself. This Council has nominees not only from Revenue agencies, But also, Governor RBI, Directors of RAW, IB and CBI etc. The DG and Special Secretary of CEIB was to coordinate among agencies of Revenue. Unfortunately petty ego issues and writing of ACRs crippled the concept. Also CEIB started direct investigations which brought it into conflict with DRI, ED, Investigation wing of Income tax, etc. By 1992, it was a pale shadow of the purpose for which it was created. Between 1997 and 2002, the CEIB again came into prominence because of pioneering Forensic Accounting and Investigation of Corporate frauds. Post 2005 it became an analytical organisation and gradually faded into insignificance. The main work of COFEPOSA is now a very small part with smuggling and FEMA cases few and far between. Now there are too many financial intelligence organisations in Government replicating work. Even though Regional and Central Economic Councils exist, there is total reluctance to share information. With the need for ease of doing business the targets of Financial investigations have to be identified with care. Also SEBI, RBI and CBI do not have requisite acumen to investigate commercial fraud cases. Insurance and bank frauds etc can be handled better with a coordinated action. Matching of data and a dossier of Commercial criminals will prevent fraudsters from accessing the financial system repeatedly. No terrorist activity or crime can occur without financial support. Already FIU, CBDT, CBIC, CBI and ED have huge data but not collated or compiled. The revival of the Regional and Central Economic Council would be of great assistance Combat IPC or Financial crimes.
A Agnihotri