Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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        LATEST NEWS UPDATES | Money parked by Indians in Swiss banks rose over 50% to Rs. 7000 crore in 2017    </title>
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-PTI

The surge comes as a surprise given India&rsquo;s continuing clampdown on suspected black money stashed abroad.

Zurich/ New Delhi: Money parked by Indians in Swiss banks rose over 50% to Swiss Francs (CHF) 1.01 billion (?7,000 crore) in 2017, reversing a..."/>
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-PTI

The surge comes as a surprise given India&rsquo;s continuing clampdown on suspected black money stashed abroad.

Zurich/ New Delhi: Money parked by Indians in Swiss banks rose over 50% to Swiss Francs (CHF) 1.01 billion (?7,000 crore) in 2017, reversing a..." />
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    <h1 class="cat-box-title">Money parked by Indians in Swiss banks rose over 50% to Rs. 7000 crore in 2017</h1>
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                            <div align="justify">-PTI<br /><br /><em>The surge comes as a surprise given India&rsquo;s continuing clampdown on suspected black money stashed abroad.<br /></em><br /><em>Zurich/ New Delhi: </em>Money parked by Indians in Swiss banks rose over 50% to Swiss Francs (CHF) 1.01 billion (?7,000 crore) in 2017, reversing a three-year downward trend amid India&rsquo;s clampdown on suspected black money stashed there.<br /><br />In comparison, the total funds held by all foreign clients of Swiss banks rose about 3% to CHF1.46 trillion or about ?100 lakh crore in 2017, according to the official annual data released on June 28 by Swiss National Bank (SNB), the central banking authority of the Alpine nation.<br /><br />The surge in Indian money held with Swiss banks comes as a surprise given India&rsquo;s continuing clampdown on suspected black money stashed abroad, including in banks of Switzerland that used to be known for their famed secrecy walls for years.<br /><br />The Indian money in Swiss banks had fallen by 45% in 2016, marking their biggest ever yearly plunge, to CHF676 million (about ?4,500 crore) &mdash; the lowest ever since the European nation began making the data public in 1987.<br /><br />According to the SNB data, the total funds held by Indians directly with Swiss banks rose to CHF999 million Swiss franc (?6,891 crore) in 2017, while the same held through fiduciaries or wealth managers increased to CHF16.2 million (?112 crore). These figures stood at CHF664.8 million and CHF11 million, respectively, at the end of 2016.<br /><br />Please <a href="https://www.thehindu.com/business/Economy/indian-money-in-swiss-banks-rise-50-to-over-7000-crore/article24280381.ece" title="https://www.thehindu.com/business/Economy/indian-money-in-swiss-banks-rise-50-to-over-7000-crore/article24280381.ece">click here</a> to read more. <br /><br /><br /></div>                                                           
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    <br><a href="https://www.thehindu.com/business/Economy/indian-money-in-swiss-banks-rise-50-to-over-7000-crore/article24280381.ece" class="re" target="_blank">The Hindu, 28 June, 2018, https://www.thehindu.com/business/Economy/indian-money-in-swiss-banks-rise-50-to-over-7000-crore/article24280381.ece</a><div class="clear"></div>
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    <h1 class="cat-box-title">Money parked by Indians in Swiss banks rose over 50% to Rs. 7000 crore in 2017</h1>
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                            <div align="justify">-PTI<br /><br /><em>The surge comes as a surprise given India&rsquo;s continuing clampdown on suspected black money stashed abroad.<br /></em><br /><em>Zurich/ New Delhi: </em>Money parked by Indians in Swiss banks rose over 50% to Swiss Francs (CHF) 1.01 billion (?7,000 crore) in 2017, reversing a three-year downward trend amid India&rsquo;s clampdown on suspected black money stashed there.<br /><br />In comparison, the total funds held by all foreign clients of Swiss banks rose about 3% to CHF1.46 trillion or about ?100 lakh crore in 2017, according to the official annual data released on June 28 by Swiss National Bank (SNB), the central banking authority of the Alpine nation.<br /><br />The surge in Indian money held with Swiss banks comes as a surprise given India&rsquo;s continuing clampdown on suspected black money stashed abroad, including in banks of Switzerland that used to be known for their famed secrecy walls for years.<br /><br />The Indian money in Swiss banks had fallen by 45% in 2016, marking their biggest ever yearly plunge, to CHF676 million (about ?4,500 crore) &mdash; the lowest ever since the European nation began making the data public in 1987.<br /><br />According to the SNB data, the total funds held by Indians directly with Swiss banks rose to CHF999 million Swiss franc (?6,891 crore) in 2017, while the same held through fiduciaries or wealth managers increased to CHF16.2 million (?112 crore). These figures stood at CHF664.8 million and CHF11 million, respectively, at the end of 2016.<br /><br />Please <a href="https://www.thehindu.com/business/Economy/indian-money-in-swiss-banks-rise-50-to-over-7000-crore/article24280381.ece" title="https://www.thehindu.com/business/Economy/indian-money-in-swiss-banks-rise-50-to-over-7000-crore/article24280381.ece">click here</a> to read more. <br /><br /><br /></div>                                                           
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    <br><a href="https://www.thehindu.com/business/Economy/indian-money-in-swiss-banks-rise-50-to-over-7000-crore/article24280381.ece" class="re" target="_blank">The Hindu, 28 June, 2018, https://www.thehindu.com/business/Economy/indian-money-in-swiss-banks-rise-50-to-over-7000-crore/article24280381.ece</a><div class="clear"></div>
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The surge comes as a surprise given India&rsquo;s continuing clampdown on suspected black money stashed abroad.

Zurich/ New Delhi: Money parked by Indians in Swiss banks rose over 50% to Swiss Francs (CHF) 1.01 billion (?7,000 crore) in 2017, reversing a..."/>
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-PTI

The surge comes as a surprise given India&rsquo;s continuing clampdown on suspected black money stashed abroad.

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    <h1 class="cat-box-title">Money parked by Indians in Swiss banks rose over 50% to Rs. 7000 crore in 2017</h1>
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                            <div align="justify">-PTI<br /><br /><em>The surge comes as a surprise given India&rsquo;s continuing clampdown on suspected black money stashed abroad.<br /></em><br /><em>Zurich/ New Delhi: </em>Money parked by Indians in Swiss banks rose over 50% to Swiss Francs (CHF) 1.01 billion (?7,000 crore) in 2017, reversing a three-year downward trend amid India&rsquo;s clampdown on suspected black money stashed there.<br /><br />In comparison, the total funds held by all foreign clients of Swiss banks rose about 3% to CHF1.46 trillion or about ?100 lakh crore in 2017, according to the official annual data released on June 28 by Swiss National Bank (SNB), the central banking authority of the Alpine nation.<br /><br />The surge in Indian money held with Swiss banks comes as a surprise given India&rsquo;s continuing clampdown on suspected black money stashed abroad, including in banks of Switzerland that used to be known for their famed secrecy walls for years.<br /><br />The Indian money in Swiss banks had fallen by 45% in 2016, marking their biggest ever yearly plunge, to CHF676 million (about ?4,500 crore) &mdash; the lowest ever since the European nation began making the data public in 1987.<br /><br />According to the SNB data, the total funds held by Indians directly with Swiss banks rose to CHF999 million Swiss franc (?6,891 crore) in 2017, while the same held through fiduciaries or wealth managers increased to CHF16.2 million (?112 crore). These figures stood at CHF664.8 million and CHF11 million, respectively, at the end of 2016.<br /><br />Please <a href="https://www.thehindu.com/business/Economy/indian-money-in-swiss-banks-rise-50-to-over-7000-crore/article24280381.ece" title="https://www.thehindu.com/business/Economy/indian-money-in-swiss-banks-rise-50-to-over-7000-crore/article24280381.ece">click here</a> to read more. <br /><br /><br /></div>                                                           
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    <br><a href="https://www.thehindu.com/business/Economy/indian-money-in-swiss-banks-rise-50-to-over-7000-crore/article24280381.ece" class="re" target="_blank">The Hindu, 28 June, 2018, https://www.thehindu.com/business/Economy/indian-money-in-swiss-banks-rise-50-to-over-7000-crore/article24280381.ece</a><div class="clear"></div>
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Home हिन्दी

Money parked by Indians in Swiss banks rose over 50% to Rs. 7000 crore in 2017

Published on Jun 29, 2018   Modified on Jun 29, 2018

-PTI The surge comes as a surprise given India’s continuing clampdown on suspected black money stashed abroad. Zurich/ New Delhi: Money parked by Indians in Swiss banks rose over 50% to Swiss Francs (CHF) 1.01 billion (?7,000 crore) in 2017, reversing a three-year downward trend amid India’s clampdown on suspected black money stashed there. In comparison, the total funds held by all foreign clients of Swiss banks rose about 3% to CHF1.46 trillion or about ?100 lakh crore in 2017, according to the official annual data released on June 28 by Swiss National Bank (SNB), the central banking authority of the Alpine nation. The surge in Indian money held with Swiss banks comes as a surprise given India’s continuing clampdown on suspected black money stashed abroad, including in banks of Switzerland that used to be known for their famed secrecy walls for years. The Indian money in Swiss banks had fallen by 45% in 2016, marking their biggest ever yearly plunge, to CHF676 million (about ?4,500 crore) — the lowest ever since the European nation began making the data public in 1987. According to the SNB data, the total funds held by Indians directly with Swiss banks rose to CHF999 million Swiss franc (?6,891 crore) in 2017, while the same held through fiduciaries or wealth managers increased to CHF16.2 million (?112 crore). These figures stood at CHF664.8 million and CHF11 million, respectively, at the end of 2016. Please click here to read more.

The Hindu, 28 June, 2018, https://www.thehindu.com/business/Economy/indian-money-in-swiss-banks-rise-50-to-over-7000-crore/article24280381.ece

Tagged with: Black Economy black money

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