Blackmoney Current Affairs, GK & News

Money Parked by Indians in Swiss banks hit record low

According to the data released by Zurich-based SNB, money parked by Indians in Swiss banks have nearly halved to 676 Swiss francs (about Rs. 4,500 crore) in 2016. The data release comes ahead of a new framework for the automatic exchange of information between Switzerland and India to check the menace of black money.  SNB (Swiss National Bank) is Switzerland’s central banking authority Salient Highlights ..

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RBI launches portal to curb illegal money

The Reserve Bank of India (RBI) has launched a website (sachet.rbi.org.in) to curb illegal and unauthorised pooling of funds by unscrupulous firms. The website was launched by RBI Governor Raghuram Rajan in Mumbai, Maharashtra. It will help people obtain information about entities allowed to collect deposits. Key features of Portal Facilitate filing, tracking of complaints ..

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