Indian Money in Swiss Banks Hits All-Time Low of Rs 8392 Cr 

Swiss President, Johann Schneider-Amman backed India in its efforts to combat the issue of black money.

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This could be a result of PM Modi’s government’s efforts to cut down on the circulation of illicit funds. (Photo: Reuters)

As the amount of Indian money in Swiss Banks fell by a third of its original number and reached Rs 8392 crore, The Indian Express pointed out how this could be a result of the Modi government’s efforts to cut down on the circulation of illicit funds, eventually bringing them to an end.

Swiss President, Johann Schneider-Amman backed India in its efforts to combat the issue of black money.

Combating the menace of black money and tax evasion is also our shared priority. We discussed the need for an early and expeditious exchange of information to bring to justice the tax offenders.
Johann Schneider-Amman, Swiss President

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