The four executives—three Russians and one Swiss—were found guilty Thursday of helping Sergey Roldugin, a concert cellist who has been dubbed 'Putin's wallet' by the Swiss government.
The ministry said the Indian customer deposits in Swiss banks have fallen since 2019 and recent figures don't indicate the quantum of much-debated alleged black money held by Indians.
The increase in funds of Indian clients with Swiss banks, from Rs 6,625 crore in 2019, reverses a 2-year declining trend. However, customer deposits fell for the second year.
In ‘Kleptopia’, Tom Burgis follows how dirty money floods the global economy when crisis hits democracies and kleptocrats see an opportunity to seize power.
The information shared by Swiss authorities include identification, account and financial information as well as information on account balance and capital income.
The information, provided under the new automatic information exchange pact, includes details of currently active accounts as well as those closed in 2018.
As India has ranked 74th in terms of money stashed by its residents in Swiss banks, ThePrint takes a look at the different legitimate ways of transferring funds overseas.
Banking statistics by the Swiss National Bank (SNB) show that India accounts for about 0.07 per cent of aggregate funds parked by all foreign clients of Swiss banks.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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