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The Reserve Bank of India will share FDI-related information with the 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 the 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.
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