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By the end of the year, India will get black money data of Swiss bank – Piyush Goyal

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29 June :- A report has said that the campaign against the black money laundering of the Narendra Modi government has been shocked by the increase in the amount of Indians deposited in Swiss banks by 50 percent to Rs 7,000 crore. Talking about this, Union Minister Piyush Goyal has signed an agreement with India and Switzerland, and in the end of the year, Switzerland has provided detailed data.

“According to the agreement between India and Switzerland, complete data will be provided from 1 January 2018 till the end of the financial year. So why is it black money or illegal transaction? ‘, Said Piyush Goyal.

The report released by the Swiss National Bank, which claims that black money has come down, is likely to be a shock. According to this report, Indians’ money kept in Swiss banks has gone up by 50 percent to Rs 7,000 crore. Indians accounted for 99.9 crore Swiss francs (about Rs 6,900 crore) in Swiss bank accounts and the amount of money deposited through another rose to 1.6 million Swiss francs (about Rs 110 crore). According to the figures, the total wealth of foreign customers in Swiss bank accounts increased from 1460 billion Swiss francs (about Rs 100 lakh crores).

Despite the campaign against black money, the increase in the Indian money in Swiss banks is causing concern. Indians keep their black money in Swiss banks. Because customer information is kept very confidential in these banks. In 2016, Indians’ money was reduced by 45 percent in Swiss banks. After the biggest downturn, it was 676 million Swiss francs (Rs. 4500 crore). This was the biggest drop since the European Bank began publication in 1987.

According to the report, the increase in the amount of money kept by the Swiss bank in the form of direct deposit amounted to 6891 crores in 2017. The money kept through fund managers is worth Rs 112 crores.

According to the latest data, customers have deposited Rs. 3200 crores in the money collected by the Swiss bank. Rs 1050 crore has been deposited through other banks and Rs. 2640 crore in the form of other medium.

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