Page-17 of Switzerland

No proposal to increase FDI ceiling in banks

The government has clarified that there is no proposal to raise foreign investment limit in the banking sector. What is the current status of foreign investment in banking sector? Currently, the aggregate foreign investment (FDI, FII and NRI) cannot be ..

Month: 

In News: Solar Impulse

Solar Impulse has been in news recently for completing a transcontinental trip across the US, despite a rip in the fabric of one wing. Solar Impulse is a Swiss long-range solar powered aircraft project developed at the École Polytechnique Fédérale ..

Month: 

Category: 

Record fall in Indians’ money in Swiss banks

A significant decline was registered in the level of Indians’ money stashed in Swiss banks as it reached to a record low level of about Rs 9,000 crore (1.42 billion Swiss francs), as global pressure against the famed secrecy of ..

Month: 

Category: 

Better Life Index: Australia is World's Happiest Developed Nation

As per the Better Life Index released by the Organization for Economic Cooperation and Development (OECD), Australia was ranked as the world’s happiest nation among developed economies for the third consecutive year. The index ranked over 30 nations on criteria ..

Month: 

Category: 

Roberto Azevedo to be head of WTO

Roberto Azevedo of Brazil has been nominated as the head of the WTO (World Trade Organization) based at Geneva at a time when there seems an impasse over talks b/w developed and developing nations on freeing global commerce and to help develop ..

Month: 

Category: 

$1.5 billion fine on UBS over Libor manipulation

Swiss bank UBS has been fined $1.5 billion over the manipulation of Libor benchmark rate. It is the second biggest fine ever on a global bank after HSBC which was recently fined a record $1.92 billion after being accused by ..

Month: