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Analysing Swiss Bank Accounts Data Of Indians, Says Tax Body Chief
Central Board of Direct Taxes Chairman Nitin Gupta said Income Tax Department will analyse bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under black money Act in case any tax evasion was found.
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As UBS Acquires Credit Suisse, Central Banks Try To Calm Jittery Markets
Some of the world's largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG to buy rival Credit Suisse Group AG in a historic deal.
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Credit Suisse To Borrow Up To $54 Billion In Bid To Calm Investor Fears
Credit Suisse on Thursday said it was taking "decisive action" to strengthen its liquidity by borrowing up to $54 billion from the Swiss central bank after a slump in its shares intensified fears about a broader bank deposit crisis.
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Major Central Banks Use Shock And Awe Plan To Tame Inflation, Bar One
Here's a look at where policymakers stand in the race to contain red-hot inflation.
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Bitcoin As A Reserve Currency? No, Says Swiss National Bank
The Swiss National Bank is against buying and holding bitcoin as a reserve currency, Chairman Thomas Jordan said at the central bank's annual general meeting on Friday.
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Money In Swiss Banks: India Slips To 74th Place, UK Remains On Top
India has moved down one place to 74th rank in terms of money parked by its citizens and enterprises with Swiss banks, while the UK has retained its top position, as per data released by the central banking authority of the Alpine nation.
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Indian Deposits In Swiss Banks Fell By 80% Since 2014: Piyush Goyal
Indian deposits in Swiss banks fell by 34.5 per cent in 2017 and by 80 per cent since the Narendra Modi government came to power in 2014, Finance Minister Piyush Goyal said on Tuesday, citing data from the global body of central banks, the Bank for International Settlements (BIS)
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"Will Get Black Money Data From Switzerland By Next Year": Piyush Goyal
India will get all data from black money from Switzerland by the end of fiscal 2019, Union Minister Piyush Goyal said today, a day after the central European nation released data that showed money parked by Indians in Swiss banks rose over 50 per cent to 1.01 billion Swiss francs (Rs 7,000 crore) in 2017.
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CBI Files Charge Sheet Against Paramount Airways Promoter For Cheating
The CBI has filed a charge sheet against Paramount Airways promoter M Thiagarajan and three others for alleged cheating in getting scheduled operator license and diverting loan funds worth Rs 19 crore from nationalised banks to a Swiss bank, officials said today.
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Indo-Swiss Deal To Ease Data Sharing For Indian Accounts In 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.
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Cash To Remain King For Swiss, Central Bank Rules Out Note Ban
A number of policy measures have been put in place by Swiss authorities in the recent years to address concerns of its banks providing high secrecy walls around their global clients.
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Why Some Investors Are Paying Banks To Hold Their Money
Central banks in Europe as well as Japan have adopted negative rates in a bid to fight deflation and boost economic growth. In these countries, savers who want to park their money with banks are penalised.
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Bond Yields Sink As Central Banks Head For Easier Policy
The prospect of further cuts in interest rates and bond-buying to support a fractured global economy kept stock markets on the up in Europe and Asia on Friday, and drove U.S. and European government bond yields to their lowest in years.
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Indian Money In Swiss Accounts Falls To Record Low: Report
The funds held by Indians with banks in Switzerland fell by CHF 596.42 million to CHF 1,217.6 million at the end of 2015, as per the latest data released today by the country's central banking authority SNB (Swiss National Bank).
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Raghuram Rajan In 'Basel Huddle' Of Central Banks As Brexit Roils Markets
RBI Governor Raghuram Rajan and heads of central banks from across the world got into a huddle today in this Swiss town as Britain's vote to exit European Union gave an early morning shock to the financial markets globally.
-
Analysing Swiss Bank Accounts Data Of Indians, Says Tax Body Chief
Central Board of Direct Taxes Chairman Nitin Gupta said Income Tax Department will analyse bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under black money Act in case any tax evasion was found.
-
As UBS Acquires Credit Suisse, Central Banks Try To Calm Jittery Markets
Some of the world's largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG to buy rival Credit Suisse Group AG in a historic deal.
-
Credit Suisse To Borrow Up To $54 Billion In Bid To Calm Investor Fears
Credit Suisse on Thursday said it was taking "decisive action" to strengthen its liquidity by borrowing up to $54 billion from the Swiss central bank after a slump in its shares intensified fears about a broader bank deposit crisis.
-
Major Central Banks Use Shock And Awe Plan To Tame Inflation, Bar One
Here's a look at where policymakers stand in the race to contain red-hot inflation.
-
Bitcoin As A Reserve Currency? No, Says Swiss National Bank
The Swiss National Bank is against buying and holding bitcoin as a reserve currency, Chairman Thomas Jordan said at the central bank's annual general meeting on Friday.
-
Money In Swiss Banks: India Slips To 74th Place, UK Remains On Top
India has moved down one place to 74th rank in terms of money parked by its citizens and enterprises with Swiss banks, while the UK has retained its top position, as per data released by the central banking authority of the Alpine nation.
-
Indian Deposits In Swiss Banks Fell By 80% Since 2014: Piyush Goyal
Indian deposits in Swiss banks fell by 34.5 per cent in 2017 and by 80 per cent since the Narendra Modi government came to power in 2014, Finance Minister Piyush Goyal said on Tuesday, citing data from the global body of central banks, the Bank for International Settlements (BIS)
-
"Will Get Black Money Data From Switzerland By Next Year": Piyush Goyal
India will get all data from black money from Switzerland by the end of fiscal 2019, Union Minister Piyush Goyal said today, a day after the central European nation released data that showed money parked by Indians in Swiss banks rose over 50 per cent to 1.01 billion Swiss francs (Rs 7,000 crore) in 2017.
-
CBI Files Charge Sheet Against Paramount Airways Promoter For Cheating
The CBI has filed a charge sheet against Paramount Airways promoter M Thiagarajan and three others for alleged cheating in getting scheduled operator license and diverting loan funds worth Rs 19 crore from nationalised banks to a Swiss bank, officials said today.
-
Indo-Swiss Deal To Ease Data Sharing For Indian Accounts In 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.
-
Cash To Remain King For Swiss, Central Bank Rules Out Note Ban
A number of policy measures have been put in place by Swiss authorities in the recent years to address concerns of its banks providing high secrecy walls around their global clients.
-
Why Some Investors Are Paying Banks To Hold Their Money
Central banks in Europe as well as Japan have adopted negative rates in a bid to fight deflation and boost economic growth. In these countries, savers who want to park their money with banks are penalised.
-
Bond Yields Sink As Central Banks Head For Easier Policy
The prospect of further cuts in interest rates and bond-buying to support a fractured global economy kept stock markets on the up in Europe and Asia on Friday, and drove U.S. and European government bond yields to their lowest in years.
-
Indian Money In Swiss Accounts Falls To Record Low: Report
The funds held by Indians with banks in Switzerland fell by CHF 596.42 million to CHF 1,217.6 million at the end of 2015, as per the latest data released today by the country's central banking authority SNB (Swiss National Bank).
-
Raghuram Rajan In 'Basel Huddle' Of Central Banks As Brexit Roils Markets
RBI Governor Raghuram Rajan and heads of central banks from across the world got into a huddle today in this Swiss town as Britain's vote to exit European Union gave an early morning shock to the financial markets globally.
