Indian Money in Swiss Banks

Indian Money in Swiss Banks

RNI NO.: DELENG/2005/15351 millenniumpost.in REGD. NO.: DL(S)-01/3420/2018-20 PUBLISHED FROM DELHI & KOLKATA VOL. 13, ISSUE 180 | Saturday, 30 June 2018 | New Delhi | Pages 16 | Rs 3.00 NO HALF TRUTHS pNIFTY 10,714.30 (+125.20) pSENSEX 35,423.48 (+385.84) pDOW JONES 24,436.91 (+220.86) pNASDAQ 7551.88 (+48.20) pRUPEE/DOLLAR 68.46 (+0.33) qRUPEE/EURO 79.75 (-0.08) qGOLD/10GM 31,480 (-170.00) qSILVER/K 40,600 (-200.00) MURDER CASE: ‘ARMY OPERATING LIC TO ENTER ‘DHADAK’ WILL ARMY MAJOR SENT WITH PEOPLE BANKING AS IRDAI GIVE REALLY STRONG TO 14-DAY JUDICIAL FRIENDLY RULES OF LETS IT BUY 51% STAKE SOCIAL MESSAGE, CUSTODY PG3 ENGAGEMENT’ PG6 IN IDBI BANK PG13 SAYS JANHVI PG16 Monsoon covers entire country; LIBERALISED REMITTANCE SCHEME LAUNCHED BY EX-FM CHIDAMBARAM TO BLAME: GOYAL Delhi’s air turns cleaner Indian money in Swiss banks: SAYANTAN GHOSH NEW DELHI: The monsoon has covered the entire coun- Govt, Oppn trade charges try, 17 days ahead of its regular onset date, the India Meteo- OUR CORRESPONDENT rological Department (IMD) said on Friday. NEW DELHI: Amid a rise in Swiss Highlights The monsoon reached Sri- bank deposits by Indians, the govern- » Strong action to be ganganagar, its last outpost in ment on Friday indicated that the lib- taken against illicit the country located in west eralised remittance scheme introduced Swiss deposits, says FM Rajasthan. Its normal date by former Finance Minister P Chidam- to reach Sriganganagar was baram could have been a trigger for the » India would start July 15. surge, and said strong action would be “The monsoon today taken in case of any wrongdoing. getting details of covered the entire country,” Pedestrians walk with umbrellas during heavy rains PTI Finance Minister Piyush Goyal said bank accounts from Additional Director General the government would start getting Switzerland under a Mritunjay Mohapatra said. week was 10 per cent, went a “satisfactory” 83 on Friday. It details about bank accounts of Indians bilateral treaty The monsoon covers the down to six per cent on Friday. touched this level on Wednes- in Switzerland from next year under a entire country by July 1, but The Southwest Monsoon day after the heavy pre-mon- bilateral tax treaty. » Union minister Arun West Rajasthan gets rains later, gives 70 per rains to the soon showers, according to Money parked by Indians in Swiss he said. country, where agriculture the Central Pollution Control banks rose over 50 per cent to CHF 1.01 Jaitley slammed the But this year, due to good remains a significant contrib- Board data. billion (Rs 7,000 crore) in 2017, revers- ‘misinformed reaction’ easterly rains, it has taken the utor to the GDP. An Air Quality Index ing a three-year downward trend amid by opposition parties rains to the entire country There was finally some (AQI) between 0-50 is con- India’s clampdown on suspected black early, Mohapatra added. good news for Delhi denizens sidered “Good”, 51-100 “Satis- money stashed there. » Rahul Gandhi, Bengal The four-month monsoon used to breathing in noxious factory”, 101-200 “Moderate”, Replying to queries about the rise in CM Mamata Banerjee season begins typically from fumes. With monsoon winds 201-300 “Poor”, 301-400 “Very Indians’ deposits in Swiss banks, Goyal June 1 and ends on Septem- washing away the dust the air Poor”, and 401-500 “Severe”. said, “the data that you alluded to will put onus on govt ber 30. quality was at a “satisfactory” The last time residents of come to us, so how are you assuming This year, monsoonlevel for the first time in nearly Delhi breathed such clean air that this is black money or this is ille- them,” Goyal said. to question if government’s anti-black minister says a 50-per cent jump in touched Kerala on May 29, a year, authorities said. was in August last year, an offi- gal transaction”. The government has been taking money steps have yielded results. deposits by Indians is “white money” three days ahead of its regu- The south-west monsoon cial with the Central Pollution Citing media reports, the minis- various measures, including shuttering “To assume that all the deposits are and that there is no “black money”. lar onset date of June 1. It bat- hit Delhi this week with light Control Board said. ter said that 40 per cent of the money of shell companies, to curb illicit fund per se tax evaded money or that Swit- West Bengal Chief Minister tered the western coast in the rain on Monday and heavy “The air quality will further is because of liberalised remittance flows in the system. zerland in the matter of illegal deposits Mamata Banerjee on Friday slammed first half of June. showers on Thursday, bringing improve on Saturday, and It scheme which was introduced by Chi- Union minister Arun Jaitley on Fri- is what it was decades ago is to start on the Centre over the increase in flight of However, after a brief lull, it respite not only from the swel- might even touch ‘good’ level dambaram. As per the liberalised LRS, day slammed the “misinformed reac- a shaky presumption,” Jaitley wrote in money to Swiss bank and blamed this made a steady advance. tering heat but also from the in the coming days,” said a sci- an individual could remit up to USD tion” by opposition parties to the news his latest Facebook post. to demonetisation. On Thursday, it reached pollution which had peaked to entist at the Centre-run System 2,50,000 per year, he added. report of an increase in money held Congress president Rahul Gandhi “Bravo! #DeMonetisation? Swiss Kerala, a day ahead of its unexpected levels this month. of Air Quality and Weather “We will have all information if by ‘Indians’ in the Swiss banking sys- on Friday took a swipe at Narendra Bank money flying. India losing,” schedule. The monsoon defi- The Air Quality Index or Forecasting and Research someone is found guilty, (and) the gov- tem. Jaitley slammed those who have Modi over the rise in Indian money Banerjee wrote on her Twitter handle ciency, which until early this AQI value for the capital was Institute (SAFAR). ernment will take strong action against cited the increased Swiss bank deposits in Swiss banks, alleging that the prime Friday evening. See P5 MATTER MAY COME UP IN APEX COURT SOON ‘Rapists burden on ‘Face reading’ to spot the Mobile app to earth, don’t deserve to live’ Government to oppose nikah trace missing, SHIVRAJ SINGH CHOUHAN next big bank defaulter? halala in Supreme Court abandoned kids In today’s MPOST BUREAU launched paper NEW DELHI: The govern- MPOST BUREAU ment would oppose in the ... Supreme Court the practice NEW DELHI: Union Com- CITY of nikah halala, which allows merce and Industry Minis- a man to remarry his divorced ter Suresh Prabhu on Friday METRO SERVICES TO BE NORMAL? 4 wife when the top court exam- launched a mobile application NATION ines its legal validity in the - ReUnite - to locate lost and coming days, a senior Law Court had issued a notice to Sabha, is pending in the Rajya abandoned children in India. CHINA’S HOLDS HIGH ALTITUDE DRILL 7 Ministry functionary said on the Centre on the issue of nikah Sabha. It makes instant triple “This effort to reunite par- MPOST BUREAU mal behaviour and that it is a give- Friday. halala and polygamy. talaq illegal with up to three ents whose children have gone EDIT away of hostile intent. The government believes “The stand is the same ... the years in jail for the husband. missing is a wonderful use of BITTER SWEET BEGINNINGS 8 NEW DELHI: With banks at their The worsening nature of India’s that the practice is against the Union of India is opposed to The Muslim Women (Pro- technology to address real-life wits ends over high profile custom- non-performing assets (NPA) crisis principles of gender justice and the practice. It will be reflected tection of Rights on Marriage) social challenges,” he said. INTERNATIONAL ers defrauding them of thousands has got the authorities racking their had made its stand clear in the in the Supreme Court,” the Bill would only be applicable The app is multi-user of crores, some have turned to face- brains on various possible solutions apex court on the issue, the functionary said. on instant triple talaq or talaq- where parents and citizens can ATTACK ON US NEWS ROOM KILLS 5 10 reading to spot the next Vijay Mallya including the use of blockchain tech- functionary said. The apex court had last year e- biddat. It gives power to the upload pictures of children, BUSINESS or Nirav Modi. nology for keeping records. In a sig- But the top court had then declared instant triple talaq as victim to approach a magistrate and provide detailed descrip- Private banks in Gujarat have nificant project already underway, decided only to take up the unconstitutional. The govern- seeking “subsistence allow- tion like name, birthmark, PE FIRMS’ Q1 INVESTMENT UP 60% 12 approached the Forensic Science the enforcement directorate (ED) is issue of instant triple talaq and ment had later brought a bill ance” for herself and minor address, report to the police University to prepare a facial micro- working to strengthen its cybersecu- consider the matters of nikah to make triple talaq a penal children. A victim can also seek station, search and identify SPORT expressions manual, to train its rity and digital forensics operations.

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