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As Indian money in Swiss banks tripled in 2024, govt says keeping close watch
The New Indian Express Nagapattinam
|June 21, 2025
AMID reports that Indian money stashed in Swiss banks has tripled in 2024 to ₹38,000 crore, the government has said it is keeping a close eye on possible cases of tax evasion as it receives information about foreign assets and income being maintained in Switzerland, through different mechanisms of exchange of information.
In a statement issued on Friday, finance ministry said India receives information about such foreign accounts and assets from 100+ tax jurisdictions, including Switzerland. It said Switzerland has been providing annual financial information about Indian residents since 2018 under the automatic exchange of information (AEOI) framework. The first data transmission to Indian authorities occurred in September 2019, and the exchange has continued regularly since then, covering even those accounts suspected
Denne historien er fra June 21, 2025-utgaven av The New Indian Express Nagapattinam.
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FLERE HISTORIER FRA The New Indian Express Nagapattinam
The New Indian Express Nagapattinam
India's first European trade pact with EFTA to come into effect from Oct 1
INDIA WILL be implementing its first Europe-oriented trade agreement from October 1, confirmed Commerce and Industry Minister Piyush Goyal.
1 min
September 30, 2025
The New Indian Express Nagapattinam
Diabetics should get kidney function tested every 6 mths
Kidney disease is emerging as a silent epidemic, affecting millions across the globe.
2 mins
September 30, 2025
The New Indian Express Nagapattinam
Captive elephant Venkatesh died of stomach lesions, reveals postmortem
FOLLOWING the death of a captive elephant at Varagaliyar elephant camp in Ulanthy forest range of Anamalai Tiger Reserve (ATR) on Saturday, a postmortem revealed the animal died of stomach lesions.
1 min
September 30, 2025
The New Indian Express Nagapattinam
SUPPORT DIALOGUE, NOT DOGMA
DISCUSSIONS about Indian knowledge systems (IKS) resurfaced after the University Grants Commission released its draft Learning Outcome-based Curriculum Framework, which aims to embed 'ancient Indian wisdom' across subjects.
3 mins
September 30, 2025
The New Indian Express Nagapattinam
Bhutan to be connected with India via rly network, 2 projects launched
INDIA and Bhutan will soon be connected by rail, as the Ministry of Railways announced two major cross-border projects on Monday.
1 mins
September 30, 2025
The New Indian Express Nagapattinam
Goyal says UP now unstoppable as investment destination, praises Yogi
THE third edition of the Uttar Pradesh International Trade Show (UPITS-2025) concluded on Monday with Union Commerce and Industry Minister Piyush Goyal calling it a showcase of India’s economic and cultural strength.
1 min
September 30, 2025
The New Indian Express Nagapattinam
Tiruppur’s domestic sector happy as order inflow increases
TIRUPPUR’S domestic knitwear manufacturers and traders are happy that the inflow of orders for this year’s festive season has increased.
2 mins
September 30, 2025
The New Indian Express Nagapattinam
Brain drain likely to drop as H-1B fee hike may stop students going abroad
THE US administration’s recent move to levy a onetime H-1B visa fee of %88 lakh, is set to have a crippling impact on Indian students going to the US for higher education as the job market could dry up for them.
2 mins
September 30, 2025
The New Indian Express Nagapattinam
Italian PM’s ‘Mann ki Baat’ with Modi foreword
THE Indian edition of Italian Prime Minister Giorgia Meloni’s autobiography, “I Am Giorgia: My Roots, My Principles”, with a foreword by Prime Minister Narendra Modi, is set for release in bookstores across India between October 5 and 7.
2 mins
September 30, 2025
The New Indian Express Nagapattinam
JLR to resume production following cyber attack
TATA MOTORS’ British subsidiary Jaguar Land Rover (JLR) on Monday said it will partially resume manufacturing operations in the coming days after being hit by a cyber attack that brought its production to a complete halt earlier this month.
1 min
September 30, 2025
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