-PTI/ IndiaToday.in 'Other amounts due to customers' from India rose over six times Overall, customer deposits in all Swiss banks rose in 2020 to nearly CHF (Swiss franc) 2 trillion Swiss authorities maintain that assets held by Indians in Switzerland cannot be considered as 'black money' New Delhi/ Zurich: Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to 2.55 billion Swiss francs (over...
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Suggested resources to understand the COVID-19 crisis better
These days a lot many articles, reports, documents, etc. are appearing in the public domain on Coronavirus infection and related issues. An attempt has been made in the present news alert to put together in one place some of the best articles, reports, blogs, webinars, podcasts, etc., which can be useful for our readers. We have divided the resources under various themes for the convenience of our readers and social media...
More »Money parked by Indians in Swiss banks rose over 50% to Rs. 7000 crore in 2017
-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...
More »Demonetisation: BJP Talk of "Cash Transfers" To Common Folk Is Sheer Deception -Prabhat Patnaik
-TheCitizen.in NEW DELHI: A bizarre argument is doing the rounds these days. It states that the cash which gets disabled in the “black economy” because of the government’s demonetization measure, would enable the government to undertake an equivalent amount of expenditure with impunity; it can therefore spend more on infrastructure and other essential areas, or simply provide cash transfers to the people. BJP spokespersons who have been putting forward this argument, are...
More »Prabhat Patnaik, economist and professor emeritus at Jawaharlal Nehru University, interviewed by Jahnavi Sen
-TheWire.in In conversation with economist Prabhat Patnaik on the government’s decision to demonetise Rs 500 and Rs 1000 notes. On November 8, Prime Minister Narendra Modi addressed the nation at 8 pm and announced that Rs 500 and Rs 1000 notes would no longer be legal tender after midnight that night. This move was needed to tackle the “disease of black money,” he said. Since then, their have been numerous reports of how...
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