NEW DELHI: The Congress and different opposition events on Friday focused Prime Minister Narendra Modi and his govt over his claims of bringing back black cash stashed in a foreign country after deposits of Indians in Swiss banks surged.
Taking a swipe at PM Modi, Congress president Rahul Gandhi said that below the NDA rule, alleged scamsters such as Nirav Modi and Vijay Mallya fled the country with public cash.
Earlier in the day, finance minister Piyush Goyal wondered how the entire cash parked through Indians in Swiss banks might be assumed to be black cash, whilst saying that robust motion would be taken against any person discovered in charge of wrongdoing.
India would get the details of financial institution accounts from Switzerland below a bilateral treaty, he said.
Finance minister Arun Jaitley warned that Indians having unlawful deposits in Swiss banks would face harsh penal proceedings below the black cash regulation after Switzerland starts real-time sharing of details of accounts from January onwards.
"A news item has appeared today indicating an increase of money by 'Indians' in the Swiss banking system. This has led to misinformed reaction in certain circles raising a query whether the government's anti-black money steps have yielded results," Jaitley said in his blog.
Attacking Modi, Rahul Gandhi tweeted, "2014, HE said: I will bring back all the "BLACK" money in Swiss Banks & put 15 Lakhs in each Indian bank A/C. 2016, HE said: Demonetisation will cure India of "BLACK" cash.
"2018, HE says: 50% leap in Swiss Bank deposits through Indians, is "WHITE" cash. No "BLACK" in Swiss Banks! (sic)." he wrote on Twitter, tagging a media report.
Money parked through Indians in Swiss banks rose through over 50 in step with cent to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward development amid India's clampdown on suspected black cash stashed there.
The Congress additionally focused the Prime Minister over his govt's claims of clamping down on black cash and claimed that Swiss financial institution deposits of Indians during the UPA rule had fallen, whilst it rose through over 50 in step with cent below the Modi govt.
"Swiss Bank deposits fell during Dr. Manmohan Singh's time, simplest to upward push to document ranges below PM Modi. The present build up of 50.2 laptop put up demonetisation, is the utmost since 2004," the celebration said on its Twitter take care of.
"What happened to Prime Minister Modi's promise of eradicating corruption and bringing back black cash?" Congress spokesperson RPN Singh asked.
He additionally sought to grasp about the BJP's promise of bringing back Rs 80 lakh crore in black cash stashed in a foreign country and crediting Rs 15 lakh in each bank account.
But, the reality is that as an alternative of the Modi govt getting Rs 15 lakh deposited in each bank account, the cash parked through Indians in Swiss banks has risen through over 50 in step with cent to Rs 7,000 crore in 2017, he said.
The JD(U), a BJP best friend, expressed "grave fear" over the surge in deposits of Indians in Swiss banks last 12 months.
Its spokesperson KC Tyagi said they'd expected that demonetisation, carried out through the Modi govt in November 2016, would hit black cash laborious however the newest figures "are an issue of grave fear".
CPM chief Sitaram Yechury said whilst the cash of Indians in Swiss banks rose, the Centre wrote off the company global's loans price lakhs of crores and allowed some businessmen to flee after looting public cash.
He accused the Prime Minister of getting no intention to honour the guarantees made in 2014.
"Indian cash in Swiss banks rises 50% to over Rs 7,000 crore in 2017: a fragment of Indian Black Money in Switzerland. Modi executive writes off lakhs of crores of unpaid loans of crony corporates, businessmen flee India after looting public cash below his watch; this knowledge is no surprise," Yechury tweeted.
CPI chief D Raja sought an evidence from the Modi govt on the upward thrust in Indian deposits in Swiss banks.
"Modi had promised to get back black cash stashed in Swiss banks. He did not keep his promise. Now, there is a upward push of Indian cash in the Swiss banks. The Modi govt should give an evidence on how it is happening," he said.
According to the legitimate annual knowledge launched through Swiss National Bank (SNB), the central banking authority of the Alpine country, the full price range held through all foreign purchasers of Swiss banks rose about three in step with cent to CHF 1.46 trillion or about Rs 100 lakh crore in 2017.
The Indian cash in Swiss banks had fallen through 45 in step with cent in 2016, marking their biggest ever annually plunge, to CHF 676 million (about Rs 4,500 crore) -- the bottom ever because the European country began making the information public in 1987.
Taking a swipe at PM Modi, Congress president Rahul Gandhi said that below the NDA rule, alleged scamsters such as Nirav Modi and Vijay Mallya fled the country with public cash.
Earlier in the day, finance minister Piyush Goyal wondered how the entire cash parked through Indians in Swiss banks might be assumed to be black cash, whilst saying that robust motion would be taken against any person discovered in charge of wrongdoing.
India would get the details of financial institution accounts from Switzerland below a bilateral treaty, he said.
Finance minister Arun Jaitley warned that Indians having unlawful deposits in Swiss banks would face harsh penal proceedings below the black cash regulation after Switzerland starts real-time sharing of details of accounts from January onwards.
"A news item has appeared today indicating an increase of money by 'Indians' in the Swiss banking system. This has led to misinformed reaction in certain circles raising a query whether the government's anti-black money steps have yielded results," Jaitley said in his blog.
Attacking Modi, Rahul Gandhi tweeted, "2014, HE said: I will bring back all the "BLACK" money in Swiss Banks & put 15 Lakhs in each Indian bank A/C. 2016, HE said: Demonetisation will cure India of "BLACK" cash.
"2018, HE says: 50% leap in Swiss Bank deposits through Indians, is "WHITE" cash. No "BLACK" in Swiss Banks! (sic)." he wrote on Twitter, tagging a media report.
Money parked through Indians in Swiss banks rose through over 50 in step with cent to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward development amid India's clampdown on suspected black cash stashed there.
The Congress additionally focused the Prime Minister over his govt's claims of clamping down on black cash and claimed that Swiss financial institution deposits of Indians during the UPA rule had fallen, whilst it rose through over 50 in step with cent below the Modi govt.
"Swiss Bank deposits fell during Dr. Manmohan Singh's time, simplest to upward push to document ranges below PM Modi. The present build up of 50.2 laptop put up demonetisation, is the utmost since 2004," the celebration said on its Twitter take care of.
"What happened to Prime Minister Modi's promise of eradicating corruption and bringing back black cash?" Congress spokesperson RPN Singh asked.
He additionally sought to grasp about the BJP's promise of bringing back Rs 80 lakh crore in black cash stashed in a foreign country and crediting Rs 15 lakh in each bank account.
But, the reality is that as an alternative of the Modi govt getting Rs 15 lakh deposited in each bank account, the cash parked through Indians in Swiss banks has risen through over 50 in step with cent to Rs 7,000 crore in 2017, he said.
The JD(U), a BJP best friend, expressed "grave fear" over the surge in deposits of Indians in Swiss banks last 12 months.
Its spokesperson KC Tyagi said they'd expected that demonetisation, carried out through the Modi govt in November 2016, would hit black cash laborious however the newest figures "are an issue of grave fear".
CPM chief Sitaram Yechury said whilst the cash of Indians in Swiss banks rose, the Centre wrote off the company global's loans price lakhs of crores and allowed some businessmen to flee after looting public cash.
He accused the Prime Minister of getting no intention to honour the guarantees made in 2014.
"Indian cash in Swiss banks rises 50% to over Rs 7,000 crore in 2017: a fragment of Indian Black Money in Switzerland. Modi executive writes off lakhs of crores of unpaid loans of crony corporates, businessmen flee India after looting public cash below his watch; this knowledge is no surprise," Yechury tweeted.
CPI chief D Raja sought an evidence from the Modi govt on the upward thrust in Indian deposits in Swiss banks.
"Modi had promised to get back black cash stashed in Swiss banks. He did not keep his promise. Now, there is a upward push of Indian cash in the Swiss banks. The Modi govt should give an evidence on how it is happening," he said.
According to the legitimate annual knowledge launched through Swiss National Bank (SNB), the central banking authority of the Alpine country, the full price range held through all foreign purchasers of Swiss banks rose about three in step with cent to CHF 1.46 trillion or about Rs 100 lakh crore in 2017.
The Indian cash in Swiss banks had fallen through 45 in step with cent in 2016, marking their biggest ever annually plunge, to CHF 676 million (about Rs 4,500 crore) -- the bottom ever because the European country began making the information public in 1987.
Opposition targets PM Modi over rise in Indian deposits in Swiss banks
![Opposition targets PM Modi over rise in Indian deposits in Swiss banks]()
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June 29, 2018
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