Eco intel agencies to get tech-savvy

In order to advance the capabilities and effectiveness of the central economic intelligence agencies, the National Technical Research Organisation (NTRO) "" the new high-tech agency under the Research and Analysis Wing "" plans to provide them with a secure communication network among other forms of technical support to monitor large and suspicious financial transactions.

For instance, the financial intelligence unit (which is a national agency under the finance ministry), responsible for gathering, processing, analysing and disseminating information relating to suspect financial transactions, has gathered data on large and suspicious transactions over the recent past through banks and financial institutions.

The handling of such data has emerged as a cause for concern for the agency and its officials feel their requirements can be met by the NTRO.