India-switzerland Deal

In a move aimed at combating black money stashed abroad, India signed an agreement with Switzerland on Thursday that would allow automatic exchange of tax-related information from January 1 2018, the Central Board of Direct Taxes said.

The deal will open a continuous access to details about alleged black money hoarders in once-all-secret Swiss banks.

In a move aimed at combating black money stashed abroad, India signed an agreement with Switzerland on Thursday that would allow automatic exchange of tax-related information from January 1 2018, the Central Board of Direct Taxes said.

The deal will open a continuous access to details about alleged black money hoarders in once-all-secret Swiss banks.