This might turn out to be the news of the day for most of us.It might not affect us directly or indirectly in our near future but will surely give you some hope or at least satisfaction.
The Indian money deposited in the Swiss Banks aka Black money has reduced by almost 10 percent in the last year while total money from other foreign countries increased in the same time period.
As per the latest data, the total Indian money held in Swiss banks at the end of 2014 included 1,776 million Swiss franc or Rs. 12,350 crore held directly by Indian individuals and entities (down from 1,952 million a year ago), and another 38 million Swiss franc (down from 77.3 million Swiss francs at 2013-end) through ‘fiduciaries’ or wealth managers.
While this is still a huge amount but a fall is always a good sign in this particular case.
Government has also constituted a SIT to look into the black money of Indians in the swiss bank.
While not many names are revealed but still some of the names were revealed recently,which included several big names which totally declined the charges and pleaded innocent.
Black money was a major issue for the NDA in their electoral campaigns before the connections and they have not done anything much to fulfil their promises regarding the return of black money.
The Indian money deposited in the Swiss Banks aka Black money has reduced by almost 10 percent in the last year while total money from other foreign countries increased in the same time period.
As per the latest data, the total Indian money held in Swiss banks at the end of 2014 included 1,776 million Swiss franc or Rs. 12,350 crore held directly by Indian individuals and entities (down from 1,952 million a year ago), and another 38 million Swiss franc (down from 77.3 million Swiss francs at 2013-end) through ‘fiduciaries’ or wealth managers.
While this is still a huge amount but a fall is always a good sign in this particular case.
Government has also constituted a SIT to look into the black money of Indians in the swiss bank.
While not many names are revealed but still some of the names were revealed recently,which included several big names which totally declined the charges and pleaded innocent.
Black money was a major issue for the NDA in their electoral campaigns before the connections and they have not done anything much to fulfil their promises regarding the return of black money.
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