Strong action to be taken against illicit Swiss deposits, says Finance Minister Piyush Goyal

Money parked by Indians in Swiss banks rose over 50 per cent to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward trend amid India's clampdown on suspected black money stashed there.

Strong action to be taken against illicit Swiss
India would start getting details of bank accounts from Switzerland under a bilateral treaty. Image source: Reuters

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