×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 09 September, 2021

  • 15 Min Read

Enforcement Directorate

What is an Enforcement Directorate (ED)?

  • Enforcement Directorate (ED) is a specialized financial investigation agency under the Department of Revenue, Ministry of Finance.
  • On 1st May 1956, an ‘Enforcement Unit’ was formed in the Department of Economic Affairs for handling Exchange Control Laws violations under Foreign Exchange Regulation Act, 1947. In 1957, it was renamed as ‘Enforcement Directorate’.
  • ED enforces the following laws:
  1. Foreign Exchange Management Act (FEMA), 1999.
  2. Prevention of Money Laundering Act (PMLA), 2002.
  • The Headquarters of Enforcement Directorate (ED) is situated in New Delhi and headed by the Director of Enforcement.
  • The director is appointed by the Appointments Committee of the Cabinet headed by the Prime Minister.

Why in news?

  • The Supreme Court did not intervene with the government’s decision to “retrospectively extend” the tenure of Sanjay Kumar Mishra as the Director of the Enforcement Directorate (ED), saying his tenure is anyway drawing to a close in November 2021.
  • In a judgment pronounced, a Bench led by Justice L. Nageswara Rao, however, said Mr. Mishra should not be given any further extension at the top of the specialized Central agency which investigates sensitive cases under the Prevention of Money Laundering Act.
  • The court, however, upheld the power of the government to extend his tenure beyond two years.
  • As the tenure of appointment of Director of Enforcement is not a maximum period of two years, a person can be appointed as Director of Enforcement for a period of more than two years... The decision to extend the tenure of the respondent [Mishra] is pursuant to the recommendation made by the high-powered committee,”
  • However, the court said the power to grant extensions for a “reasonable period” to the ED Director should be done rarely and only after recording the reasons.

Source: TH


Rajasthan First State to Implement Biofuel Policy

  Rajasthan First State to Implement Biofuel Policy: (GS-II(Policies) & GS-III(Environment)) Theme: Biofuel Policy Rajasthan has become the first State in the country to implement the national policy on biofuels unveiled by the Centre in May 2018.   The desert State will lay emphasis on increasing production of oils

SEHAT Scheme for Teleconsultation

Services e-Health Assistance and Teleconsultation (SeHAT) is the tri-services teleconsultation service of the Ministry of Defense designed for all entitled personnel and their families. As part of the Government’s commitment to Digital India and e-Governance, Minister of Defense launched SeHAT on 27 May 2021. It has been a great exam

PM Poshan Scheme to replace Mid Day Meal Scheme

PM Poshan (Erstwhile Mid Day Meal) Scheme Cabinet has approved the Prime Minister POSHAN scheme or PM-POSHAN for providing one hot cooked meal in Government and Government-aided schools. The scheme will replace the existing national programme for mid-day meal in schools or Mid-day Meal Scheme (launched in 1995). It has been launched for a

National Initiative for Design Innovation (NIDI)

National Initiative for Design Innovation (NIDI) Government launched the scheme of “National Initiative for Design Innovation (NIDI)” in March, 2014. Scheme envisaged establishment of 20 Design Innovation Centres (DIC), One Open Design School (ODS) and One National Design Innovation Network (NDIN) across the country for promoti

Saffron cultivation in India

Saffron is a plant whose dried stigmas (thread-like parts of the flower) are used to make saffron spice. Saffron cultivation is believed to have been introduced in Kashmir by Central Asian immigrants around the 1st Century BCE. Pampore region, in India, commonly known as Saffron bowl of Kashmir, is the main contributor to saffron p

Students Achievement

Search By Date

Newsletter Subscription
SMS Alerts