Switzerland will examine Indian requests for banking information on a priority basis and provide requested details in a time-bound manner. The decision was taken after a high-level meeting between the Revenue Secretary Shaktikanta Das and his Swiss counterpart State Secretary for International Financial Matters, Jacques de Watteville in Berne yesterday. The Swiss authorities will also assist in obtaining confirmation on genuineness of bank documents on request by the Indian side and also swiftly provide information on requests related to non-banking information. This is being seen as a major breakthrough in India fight against black money allegedly stashed abroad.
News On AIR | October 16, 2014 8:15 AM
Switzerland to provide info on black money in time-bound manner