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Budget Session of parliament begins. Rail Budget on February 25; General Budget on February 29

The government of India today affirmed MPs in the Lok Sabha, the lower House of Parliament that it has an effective mechanism to deal with terrorist funding and money laundering. “All necessary measures have been taken to counter the threat posed by the Islamic State of Iraq and Syria, ISIS”, said Minister of State for Home Haribhai Parathibhai Chaudhary.

He informed the House that the National Investigation Agency, NIA, has arrested 24 accused from Karnataka, Tamil Nadu, Telangana, Uttar Pradesh, Madhya Pradesh, Maharashtra and Jammu and Kashmir so far.

“ISIS funding in India is mostly through a self-financing mechanism. The hawala channel has also been used in one or two instances to raise funds. The ISIS uses various internet-based platforms to propagate its ideology”, he said.

In reply to a question the Minister said the ISIS has attracted very few youth from India. “The Intelligence and Security agencies are closely monitoring the cyber space to identify potential recruits and keep them under surveillance for further action”.