Amidst reports of rising deposits of Indian money in Swiss banks, Union Minister Arun Jaitley said all deposits in the Swiss accounts are not black money. Jaitley, in his blog, said, “Switzerland has taken significant efforts to get out of the image of being a tax haven and a non-compliant State. It is on the verge of making disclosures in real time and, therefore, is no longer an ideal destination for tax evaders.”He further said though Switzerland was always reluctant about financial disclosures, however, after international pressure, it agreed to make disclosures for requesting states, including India.The minister also gave a stern warning to illegal depositors, stating that the names of those using the Swiss banking for illegal wealth will be made public, and the account holders will be penalised under the black money law in India.
To Subscribe our YouTube channel here: https://www.youtube.com/user/abpnewstv
About Channel:
ABP News is a news hub which provides you with the comprehensive up-to-date news coverage from all over India and World. Get the latest top stories, current affairs, sports, business, entertainment, politics, astrology, spirituality, and many more here only on ABP News.
ABP News is a popular Hindi News Channel made its debut as STAR News in March 2004 and was rebranded to ABP News from 1st June 2012.
The vision of the channel is ‘Aapko Rakhe Aagey’ -the promise of keeping each individual ahead and informed. ABP News is best defined as a responsible channel with a fair and balanced approach that combines prompt reporting with insightful analysis of news and current affairs.
ABP News maintains the repute of being a people’s channel. Its cutting-edge formats, state-of-the-art newsrooms commands the attention of 48 million Indians weekly.
Watch Live on http://abpnews.abplive.in/live-tv
ABP Hindi: http://abpnews.abplive.in/
ABP English: http://www.abplive.in/
Download ABP App for Apple: https://itunes.apple.com/in/app/abp-live-abp-news-abp-ananda/id811114904?mt=8
Download ABP App for Android: https://play.google.com/store/apps/details?id=com.winit.starnews.hin&hl=en
Social Media Handles:
Instagram: https://www.instagram.com/abpnewstv/?hl=en
Facebook ABP News (English): https://www.facebook.com/abplive/?ref=br_rs
Facebook: https://www.facebook.com/abpnews/
Twitter: https://twitter.com/abpnewstv
Google+: https://plus.google.com/u/1/+abpnews
