Positive response from Swiss banks: Jaitley

Sambad English Bureau Published On : Jul 8, 2014 at 5:02 PM

Panaji, July 8:

There has been a “positive response” to some requests made by the Indian government to Swiss banks as far as black money stashed abroad is concerned, union Finance Minister Arun Jaitley said Tuesday.

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Jaitley was responding to a question from Goa Rajya Sabha member Shantaram Naik over the issue, a statement said here.

Naik, a Congress MP, in his statement said to a question asked by him in the Rajya Sabha Tuesday, Jaitley said: “…several requests seeking information in respect of Indian nationals holding bank accounts in Swiss banks in specific cases have been made.”

“There has been a positive response to some requests, where information has been provided subject to the confidentiality clause in the said Double Tax Avoidance Convention.”

Jaitley also said in some other cases, however, “the Swiss government has not been providing the information requested, citing restrictions imposed by their domestic laws”.

(IANS)