Tuesday 19 June 2018
black money

Demonetisation 'could add $18bn to Indian banking system'

The demonetisation of Rs500 and Rs1,000 currency notes by India could add about $18 billion to money supply as the money gets deposited in banks, a report said. The demonitized notes account for 80 to 85 per cent of cash in circul


India's top court orders black money probe

India's Supreme Court asked the government on Thursday to probe billion of dollars of illegal funds stashed by Indians abroad, ratcheting up the pressure on the Congress-coalition to fight corruption in high places. Illegal funds abroad ha


Swiss vow to reject untaxed money

Switzerland will no longer accept untaxed money into its banks as it tries to ease pressure on its $2 trillion offshore banking industry from key trading partners seeking to boost tax revenues, it said on Thursday. As it unveiled measures

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