Swiss Banks
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Will have info on black money from Switzerland by next year, guilty will be prosecuted: Piyush Goyal
India | Jun 29, 2018, 03:01 PM ISTMoney parked by Indians in Swiss banks rose over 50 per cent to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward trend amid India's clampdown on suspected black money stashed there
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After 3-year downward trend, money parked by Indians in Swiss banks rises over 50% in 2017
India | Jun 28, 2018, 11:47 PM ISTThe funds held through fiduciaries alone used to be in billions till 2007 but began falling after that amid fears of regulatory crackdown.
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Black money: India-Swiss deal inked, data sharing from Jan 1
Business | Dec 21, 2017, 09:09 PM ISTIt will now be possible for India to receive from September, 2019 onwards, the financial information of accounts held by Indian residents in Switzerland for 2018 and subsequent years.
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Switzerland cites India's strong data security laws for auto-sharing banking info
Aug 06, 2017, 05:15 PM ISTSwitzerland found India's data security and confidentiality laws "adequate" for entering into an automatic exchange of information pact.
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Indians' money in Swiss banks hit record low of Rs 4500 cr
Jun 29, 2017, 09:05 PM ISTThis is the lowest amount of funds held by Indians in the Swiss banks ever since the Alpine nation began making the data public in 1987 and marks the third straight year of decline.
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Indians have 'rather few' deposits: Swiss banks
Jun 18, 2017, 03:44 PM ISTIndians have "few deposits" in Swiss banks compared to other global financial hubs like Singapore and Hong Kong, says a grouping of private bankers in Switzerland amid stepped-up efforts to check the black money menace
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Govt’s black money crackdown gets a boost as Switzerland to auto share account info with India
Jun 16, 2017, 04:44 PM ISTSwitzerland on Friday ratified automatic exchange of financial account information with India and 40 other nations, paving way for easy identification of black money hoarders and bringing it back to the national economy
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Swiss initiates process for Automatic Exchange of Information on black money with India
World | Dec 01, 2016, 04:36 PM ISTSwitzerland government on Thursday initiated its statutory consultation process for bringing into force Automatic Exchange of Information (AEOI) on tax matters with India
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After demonetisation, govt steps up efforts to bring back black money from Swiss banks
World | Nov 27, 2016, 04:40 PM ISTAfter having closed the doors for black money keepers in the country, the government is now looking trace down the Indians who have kept their untaxed funds abroad. In the last few months, India has
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After 33 per cent dip, India slips to 75th spot in terms of money held in Swiss banks
Jul 03, 2016, 04:23 PM ISTIndia has slipped to the 75th position in terms of money held by citizens with Swiss banks after it fell by nearly one-third to a record low of Rs 8,392 crore last month.
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Modi effect: Money deposited by Indians in Swiss banks drops to a record low of Rs 8,392 crore
Jun 30, 2016, 10:20 PM ISTAmid a continuing global clampdown on the famed secrecy wall of Switzerland's banking system, money deposited by Indian nationals in Swiss banks has dropped by nearly one-third to a record low of 1.2 billion franc (CHF) or Rs 8,392 crore.
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Four Indian names in list of unclaimed Swiss bank accounts: Reports
India | Dec 16, 2015, 07:55 PM ISTThere are at least four Indian names in the list of unclaimed Swiss bank accounts where the last customer contact was at least 60 years ago. The release of the list, which is the first such
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Black money: Swiss banks ask Indians to use compliance window
India | Sep 01, 2015, 03:54 AM ISTNew Delhi: Swiss and other European banks have asked Indian customers to avail the ongoing one-time compliance window granted by the tax department for disclosure of foreign assets.The call has been made in the wake
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Swiss banks ask Indians to disclose their foreign assets
Aug 31, 2015, 08:18 AM ISTLondon/Zurich: Spooked by the new black money law, Swiss and other European banks have asked Indian clients to disclose their accounts to the Indian tax authorities.The move comes from the banks during a three-month compliance
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Indian money in Swiss banks falls by over 10% to Rs 12,615 cr
Jun 18, 2015, 04:11 PM ISTZurich: Money held by Indians in Swiss banks fell by over 10 per cent last year to 1.8 billion Swiss franc (about Rs 12,615 crore), amid an enhanced clampdown against the famed secrecy wall of
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Ram Jethmalani seeks US help in bringing black money to India
India | Jun 17, 2015, 04:43 PM ISTWashington: Expressing deep disappointment over the approach of Prime Minister Narendra Modi on the blackmoney issue, noted lawyer Ram Jethmalani has urged the US in helpingIndia bring back the blackmoney stacked overseas.In a key-note address
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SIT traces Rs 4,479 cr in Swiss banks; Rs 14,958 cr in India
India | Dec 12, 2014, 09:11 PM ISTNew Delhi: In the first major disclosure on black money, 339 Indians have been found to have stashed Rs 4,479 crore in Swiss banks, while domestic unaccounted wealth to the tune of Rs 14,958 crore
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Black money probe: Swiss banks mull anticipatory measures
India | Nov 02, 2014, 07:41 PM ISTBerne/new Delhi: As probe into suspected black money stashed abroad by Indians gathers steam, banks in Switzerland are running from pillar to post to safeguard their interest while some are also considering financial provisions in
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Information can not be disclosed outside specific proceedings: Swiss government
India | Oct 30, 2014, 05:16 PM ISTNew Delhi/Berne: Amid a debate on disclosure of names of suspected black money holders, Switzerland on Thursday said information exchanged under the Swiss-India tax treaty cannot be disclosed “in principle” to a court or any
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'Differences with India on making public Swiss bank a/c info'
World | Oct 28, 2014, 12:58 PM ISTWashington: Noting that tax evasion is not a criminal offense in Switzerland, a senior Swiss official has acknowledged differences with India on what can be made public about Indians having unaccounted money parked in Swiss