On Friday, News Agency ANI has reported that Union finance minister Piyush Goyal said, “From January 1, 2018, till the end of accounting year, all data will be made available.” He ensured that all data on black money or illegal transaction from Switzerland will be available for Indian Government.
His statement has its importance as it comes a day after Switzerland released data which showed a notable rise of over 50 per cent in just one year.
Union Minister also added that both governments have this in the mutual agreement. All data will be made available. Why assume this is black money or illegal transactions?”
However, it was nothing less than a surprise as it happened after India’s continuing clampdown efforts on the suspected black money. As per the latest data, the Indian money in Swiss banks included CHF 464 million (Rs 3,200 crore) in the form of customer deposits, CHF 152 million (Rs 1,050 crore) through other banks and CHF 383 million (Rs 2,640 crore) as ‘other liabilities’ too.

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