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Will get data regarding Black Money from Switzerland by next year, assures Piyush Goyal

Piyush Goyal

India will get all data regarding black money from Switzerland by the end of fiscal 2019, Finance Minister Piyush Goyal said today, a day after the central European nation released data that showed money parked by Indians in Swiss banks rose over 50 per cent to 1.01 billion Swiss francs (Rs. 7,000 crore) in 2017.

In a comment to the media, Goyal said that the Indian government, under the leadership of Prime Minister Narendra Modi, has made a pact with Switzerland to get all data related to Indian deposits starting from January 1, 2018, at the end of the accounting year FY19. He went on to that it is wrong to assume that all of it is black money as all the data will be available with the government by the end of the year.

While Switzerland has already begun sharing foreign client details on evidence of wrongdoing provided by India and some other countries, it has agreed to further expand its cooperation on India’s fight against black money with a new pact for automatic information exchange.

“We will have all the info and if anybody is found guilty, strict action will be taken,” Mr Goyal told reporters in New Delhi.

It is worth mentioning that Indian money in Swiss Banks had reduced sharply by 45 per cent in 2016 – one of the biggest ever plunges, to CHF 676 million or approximately Rs 4,500 crore. This was the lowest ever amount since the European nation started making data public since 1987.

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H D Deve Gowda issues a terse warning to Congress asking not to take his party for granted

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With the JD(S)-Congress coalition government in Karnataka under enormous strain, former Prime Minister and JD(S) leader H D Deve Gowda on Thursday issued a strict warning to his alliance partner not to take his regional party for granted.

“Six non-NDA parties may have attended the swearing-in ceremony of H D Kumaraswamy as chief minister to present a united opposition, but it is not necessary that they will contest together in all states in the 2019 Lok Sabha polls,” Gowda told reporters in New Delhi.

In a historic show of unity, top leaders of the Congress and leaders of TMC, BSP, AAP, CPM as well as TDP had taken part in the oath-taking ceremony of Kumaraswamy in May after the Karnataka elections.

Gowda said the Samajwadi Party and BSP are still in the process of discussing sharing of 40 seats each in the general elections in Uttar Pradesh. In West Bengal, TMC and Congress have almost taken a stand to contest the elections together. But in other states, including NCP in Maharashtra, TDP in Andhra Pradesh and TRS in Telangana, the parties are yet to take any such concrete decision.

“Only in Karnataka, we have decided to fight with the Congress, despite having small differences. So far, there hasn’t been any discussion on this issue. Congress chief Rahul Gandhi and Kumaraswamy will discuss and finalise and I will also meet some non-NDA leaders in the coming days to apprise them, “ he said.

In the same statement, Gowda also informed of a Lok Sabha seat for its alliance partner BSP. “We have decided to give away one parliamentary seat in Karnataka to BSP. In return, I will ask BSP to give one seat in Uttar Pradesh to K Danish Ali (JD(S) secretary general). In Kerala, LDF will give one seat to us,” he stated.

The JD(S) leader also made it clear to the reporters that he was not in New Delhi to meet Congress leaders and complain against former CM and Congress-JD(S) coordination committee chairman Siddaramaiah, but to attend a parliamentary meeting.

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