Black money deposit in Swiss banks down by 80%: Piyush Goyal

Updated:6 months ago IST

New Delhi, Jul 24 (ANI): Union Finance Minister Piyush Goyal on Tuesday told Rajya Sabha that ever since Prime Minister Narendra Modi government came to power in 2014, the black money deposited in Swiss National Bank has reduced by 80 per cent. He added that in his letter to the Indian government, the Swiss Ambassador Andreas Baum mentioned that in India it is frequently assumed that any assets held by Indian residents in Switzerland are undeclared (black money).

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