Swiss Bank

Timelines
Money in #SwissBanks: UK tops, India down to 74th spot

30 Jun 2019

Money in #SwissBanks: UK tops, India down to 74th spot

Indian money parked in Swiss banks decreased in 2018 and the country's ranking slipped to 74 on the list while the UK retained its top position, showed data released by Swiss National Bank (SNB).

Swiss bank accounts of Nirav Modi, having Rs. 280cr, seized

27 Jun 2019

Swiss bank accounts of Nirav Modi, having Rs. 280cr, seized

There seems to be no end to troubles of beleaguered diamantaire Nirav Modi, who is the prime accused in the Rs. 13,700 crore PNB fraud.

#MoneyInSwissBanks: India witnesses 50% rise in funds; jumps to 73rd-place

01 Jul 2018

#MoneyInSwissBanks: India witnesses 50% rise in funds; jumps to 73rd-place

India moved up to 73rd place in terms of money parked by its citizens/companies with Swiss banks in 2017, while the UK remains on the top.

Indians' money in Swiss banks rises 50% in one year

29 Jun 2018

Indians' money in Swiss banks rises 50% in one year

Showing an extreme reverse trend, money held by Indians in Swiss banks increased a whopping 50.2% to Rs. 7,000cr in 2017, putting into doubt impact of the government's fight against black money.

Will impose one GST-slab, if voted to power: Rahul Gandhi

24 Mar 2018

Will impose one GST-slab, if voted to power: Rahul Gandhi

Congress President Rahul Gandhi today said if his party comes to power, it would impose one slab of Goods and Services Tax instead of five and abolish the 28% GST slab.

India-Switzerland to start automatic sharing of tax info from 2019

22 Dec 2017

India-Switzerland to start automatic sharing of tax info from 2019

India and Switzerland have signed a deal that would allow both to automatically share tax-related data from 2019.

Tax anomaly: Salman, Ranbir, Riteish, Ajay named in CAG report

05 Aug 2017

Tax anomaly: Salman, Ranbir, Riteish, Ajay named in CAG report

Several stars of Bollywood including Ranbir Kapoor, Ajay Devgan, Arjun Rampal, Riteish Deshmukh and even Salman Khan are under the scanner of the Comptroller and Auditor General (CAG) for alleged tax anomalies.

India's rank in Swiss bank holdings falls to 88

03 Jul 2017

India's rank in Swiss bank holdings falls to 88

India's rank has been slipping consistently in terms of money held by nationals with Swiss banks. From being the 66th in 2014 and 75th in 2015, it is now at 88th.

Deposits in Swiss banks by Indians "relatively few": Private Banks

18 Jun 2017

Deposits in Swiss banks by Indians "relatively few": Private Banks

Deposits in Swiss banks from India are "rather few" compared to other global financial hubs like Hong Kong and Singapore, according to Geneva-based Association of Swiss Private Banks.

Switzerland to share black money information with India

17 Jun 2017

Switzerland to share black money information with India

The fight against black money has received a boost after Switzerland ratified the Automatic Exchange of Information (AEOI) with India and 40 other jurisdictions.

Jeweller's Swiss Bank details revealed, imprisoned for 2 years

19 Apr 2017

Jeweller's Swiss Bank details revealed, imprisoned for 2 years

The owner of a famous jewellery showroom in Dehradun was sentenced to a two-years stringent punishment for hiding his Swiss bank account from the Income-Tax (IT) Department.

Dutch investigators' Hunt: Probe launched into money-launderers, tax evaders

02 Apr 2017

Dutch investigators' Hunt: Probe launched into money-launderers, tax evaders

Dutch investigators launched coordinated raids in many countries against suspected money-launderers and tax evaders, who made deposits into an unidentified Swiss Bank.

Ronaldo, Mourinho involved in 'tax evasion'?

03 Dec 2016

Ronaldo, Mourinho involved in 'tax evasion'?

Real Madrid's superstar Cristiano Ronaldo and Manchester United manager Jose Mourinho have been accused of tax evasion.