Offshore financial centre Current Affairs, GK & News

Global Financial Centres Index

New York topped the 32nd edition of the Global Financial Centres Index (GFCI 32) as the most favoured financial centre in the world. Key findings The top three most favored financial centres in the world are New York, London and Singapore. New York has retained the top position for the past four years. Singapore has ..




Washington DC headquarters of International Consortium of Investigative Journalists (ICIJ)

Recently, the International Consortium of Investigative Journalists (ICIJ) has released a global investigation ‘The Paradise Papers’ that reveals the offshore interests and activities of some of the world’s most powerful people and companies, including information about at least 31,000 persons or parties. India ranked 19th out of the 180 countries represented in the data in ..


India, Switzerland sign Joint declaration on bank account holders

As a step towards fighting black money stashed abroad, ‘Joint Declaration‘ for implementation of Automatic Exchange of Information (AEOI) has been signed between India and Switzerland. This will lead to automatic sharing of information regarding the Swiss bank accounts held by Indians as of September 2018 and onwards. However, details about the accounts held prior ..