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4) Discuss the role of SFIO in tackling white collar crimes? Examine its weaknesses?(250 words)

Topic – Challenges to Internal security

4) Discuss the role of SFIO in tackling white collar crimes? Examine its weaknesses?(250 words)

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Why this question

As our economy develops, white collar crimes see a steep increase. Off late, several instances of corporate fraud such as Nirav Modi case etc has come to the limelight. SFIO is an organisation whose mandate is to deal with such white collar crimes. It’s importance has increased in recent times and thus needs to be studied in detail.

Key demand of the question

The question is quite straightforward in its demand. It expects us to detail out the role of SFIO, its powers, it’s mandate, why the role of SFIO is critical for the economy. Thereafter, we have to bring out the challenges it works under and the way forward.

Directive word

Discuss – The overall role, legal framework, mandate, impact etc has to be brought out.

Examine – When you are asked to examine, you have to probe deeper into the topic,  get into details, and find out the causes or implications if any .

Structure of the answer

Introduction – Highlight the fact that with more formalization and regulations in the economy, white collar crimes see an increase. This brings into focus the role of organisations like SFIO.

Body

  • Detail out the role of SFIO, its mandate, the legal provisions, its modus operandi, the impact its role has
  • Thereafter bring out the weaknesses that SFIO suffers from – inter agency coordination, shortage of manpower etc
  • Also mention the way forward

Conclusion – Highlight the importance of organizations like SFIO and the critical role they play in maintaining a stable economy. Mention the need for addressing their issues.