Fugitive Economic Offenders Bill 2018 will empower authorities to attach and confiscate properties a...........

Current GK (RBI Grade B) Indian Economy

Fugitive Economic Offenders Bill, 2018 will empower authorities to attach and confiscate properties and assets of economic offenders. For which of the following amounts is the term 'fugitive offender' applicable in the domestic territory of India?

Rs. 500 crores

Rs. 1000 crores

Rs. 100 crores

Rs. 200 crores

Rs. 5000 crores

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Explanation:

Fugitive Economic Offenders Bill, 2018 which will empower authorities to attach and confiscate properties and assets of economic offenders like loan defaulters who flee the country. A fugitive offender term applies only to those who owe or more than Rs. 100 crores in the domestic territory of India.