Swiss Banks

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Swiss Banks - Total results - 52
Blackmoney clampdown effect: India's ranking drops to 61st in holding money in Swiss banks
Politics

Blackmoney clampdown effect: India's ranking drops to 61st in holding money in Swiss banks

India's holdings now accounts for a meagre 0.123 percent of total global wealth worth $1.6 trillion in Switzerland's banking system

Indian deposits in Swiss banks falls by over 10% to Rs 12,615 cr
Business

Indian deposits in Swiss banks falls by over 10% to Rs 12,615 cr

This is the second lowest amount of funds held by Indians in the Swiss banks and follows an increase of over 40 percent in the previous year, 2013.

Black money probe: Yash Birla, seven others on Swiss list for tax evasion
Business

Black money probe: Yash Birla, seven others on Swiss list for tax evasion

Industrialist Yash Birla, and two other Mumbai-based individuals behind City Limousines scam, are among five Indian nationals with Swiss bank accounts whose names have been made public in Switzerland's official gazette with regard to ongoing tax probes against them in India.

Govt should make public all information on Indian black money holders: AAP
Politics

Govt should make public all information on Indian black money holders: AAP

Aam Aadmi Party on Monday asked the government to make information "public" on Indians holding black money abroad and said with new names disclosed the party's stand on the matter has been "vindicated".

Bringing back black money is govt's key priority, PM Modi assures ahead of G20 summit
India

Bringing back black money is govt's key priority, PM Modi assures ahead of G20 summit

Prime Minister Narendra Modi said that bringing back black money stashed abroad is the key priority of his government. He said this ahead of the G-20 summit in Australia.

If Modi's Mann ki baat is for real, he should try arm-twisting the Swiss on black money
Economy

If Modi's Mann ki baat is for real, he should try arm-twisting the Swiss on black money

If there is political will there are ways to get even the secrecy-obsessed Swiss to cooperate with our black money investigations. It is time we used some arm-twisting tactics to get the Swiss to help

Even disclosing all names won't bring back black money to India
Politics

Even disclosing all names won't bring back black money to India

700 names of Indians with Swiss accounts were given to India in 2008. Chances are the black money is not coming back even if the list is disclosed fully.

Switzerland ready to provide details on black money: Finance minister Jaitley
India

Switzerland ready to provide details on black money: Finance minister Jaitley

Finance Minister Arun Jaitley said Switzerland has agreed to share information on black money in Swiss banks.

Centre's refusal to disclose info on black money is hypocrisy: Cong taunts NDA
India

Centre's refusal to disclose info on black money is hypocrisy: Cong taunts NDA

In the run-up to parliamentary polls, BJP had promised to bring back black money kept by Indians in overseas bank while targeting the UPA government for not taking effective action on the issue.

Black money: Swiss to provide info to India in a time-bound manner
India

Black money: Swiss to provide info to India in a time-bound manner

In a major breakthrough in India's fight against black money allegedly stashed abroad, Switzerland on Wednesday said it will examine Indian requests for banking information on a priority basis and provide requested details in a time-bound manner.

Tax recovery process has begun against Swiss account holders: Arun Jaitley
Economy

Tax recovery process has begun against Swiss account holders: Arun Jaitley

Tax proceedings have begun against Swiss bank account holders, Finance Minister Arun Jaitley told the Lok Sabha on Friday.

Black money: Writing to Swiss govt to expedite process, says Jaitley
Politics

Black money: Writing to Swiss govt to expedite process, says Jaitley

The Minister's remark comes a day after a Swiss government official told PTI that names of certain persons and entities, who have come under scanner of Swiss authorities, is being shared with India.

Black money: Will SIT be able to do what the ED could not?
Politics

Black money: Will SIT be able to do what the ED could not?

The SIT had its first meeting today during which the road map on how to proceed further was decided. Sources privy to the meeting said that the SIT headed by former Supreme Court Judge B Shah decided to examine whether some of the black money cases could be put on fast-track.

Dear Supreme Court, is it your job to chase black money stashed abroad?
Economy

Dear Supreme Court, is it your job to chase black money stashed abroad?

The Supreme Court's SIT to detect black money held abroad is pointless. Even though the UPA has done little to bring back black money, it does not mean the SC should step in and do the government's job

Switzerland not sharing info on bank accounts of Indians: FM
India

Switzerland not sharing info on bank accounts of Indians: FM

In a strongly worded letter, he said India might examine further steps like declaring Switzerland a non-cooperative jurisdiction if non-cooperation continues.

Untaxed money: Swiss banks to boost vigil on overseas clients
Economy

Untaxed money: Swiss banks to boost vigil on overseas clients

Stepping up their efforts to curb flow of unaccounted money, Swiss banks will strengthen their due diligence of overseas clients and advise them to comply with international tax regulations.

Dollar chase: Let's indulge our own crooks than beg foreigners
Economy

Dollar chase: Let's indulge our own crooks than beg foreigners

We should offer a tax amnesty scheme for Indians who've stashed money abroad. Indulging our own crooks is a lesser evil than begging difficult foreigners for dollars

Black money crackdown? Indian money in Swiss banks dips to record low
Economy

Black money crackdown? Indian money in Swiss banks dips to record low

The total funds held by Indian individuals and entities included 1.34 billion Swiss francs held directly by Indian individuals and entities, and another 77 million Swiss francs through 'fiduciaries' or wealth managers at the end of 2012, as per the latest figures released by the Swiss National Bank (SNB) in Zurich today.

Blackmoney: ED slaps penalty notice on Swiss account holders
Economy

Blackmoney: ED slaps penalty notice on Swiss account holders

Stepping up action against those involved in stashing blackmoney in Swiss banks, Enforcement Directorate has slapped its first penalty notice of Rs 2 crore for alleged forex violations against an individual after probe into LGT bank list