speedheat Posted June 28, 2021 Posted June 28, 2021 Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to 2.55 billion Swiss francs (over Rs 20,700 crore) in 2020 on a sharp surge in holdings via securities and similar instruments, though customer deposits fell, annual data from Switzerland's central bank showed on Thursday. The increase in aggregate funds of Indian clients with Swiss banks, from 899 million Swiss francs (Rs 6,625 crore) at the end of 2019, reverses a two-year declining trend and has taken the figure to the highest level in 13 years. It stood at a record high of nearly 6.5 billion Swiss francs in 2006, after which it has been mostly on a downward path, except for a few years including in 2011, 2013 and 2017, as per the Swiss National Bank (SNB) data. The total amount of CHF 2,554.7 million (Rs 20,706 crore), described by the SNB as 'total liabilities' of Swiss banks or 'amounts due to' their Indian clients at the end of 2020, included CHF 503.9 million (over Rs 4,000 crore) in customer deposits, CHF 383 million (over Rs 3,100 crore) held via other banks, CHF 2 million (Rs 16.5 crore) through fiduciaries or trusts and the highest component of CHF 1,664.8 million (nearly Rs 13,500 crore) as 'other amounts due to customers' in form of bonds, securities and various other financial instruments.
speedheat Posted June 28, 2021 Author Posted June 28, 2021 https://www.google.com/amp/s/www.indiatoday.in/amp/business/story/indian-black-money-swiss-bank-accounts-latest-estimate-1816211-2021-06-17
speedheat Posted June 28, 2021 Author Posted June 28, 2021 Aaa Gaye achhe din bhakto... Ab 15 lakh ki jagah sabko 45lakhs milega Real McCoy, Bigg Brother, raki05 and 1 other 4
Lone Wolf Posted June 28, 2021 Posted June 28, 2021 As expected.. The amount of Black money our leaders have there is no limit to it.
speedheat Posted June 28, 2021 Author Posted June 28, 2021 Clown modi promised to bring back all the money stashed abroad. Elect a joker and what you get is a joke - happening for the last 7 years. Singh bling and Bigg Brother 1 1
speedheat Posted June 28, 2021 Author Posted June 28, 2021 We'll bring back black money in 150 days: BJP president Rajnath Singh Jumla source This was in 2014 lmao
Real McCoy Posted June 28, 2021 Posted June 28, 2021 1 hour ago, speedheat said: Aaa Gaye achhe din bhakto... Ab 15 lakh ki jagah sabko 45lakhs milega BJP looks like a saffron version of Khangress speedheat 1
rkt.india Posted June 28, 2021 Posted June 28, 2021 1 hour ago, Lone Wolf said: As expected.. The amount of Black money our leaders have there is no limit to it. Why do you think that's black money?
Lone Wolf Posted June 28, 2021 Posted June 28, 2021 57 minutes ago, Real McCoy said: BJP looks like a saffron version of Khangress In Kashmir they used Green posters with lotus on it during elections Lmao.. They are version 2.0 of Khangress speedheat and Banton 2
Yoda-esque Posted June 28, 2021 Posted June 28, 2021 Why do you think that's black money? Because they are dumb
speedheat Posted June 28, 2021 Author Posted June 28, 2021 1 hour ago, Real McCoy said: BJP looks like a saffron version of Khangress Even worse, atleast congress used to loot us openly while these ghouls hides behind mask of rhetoric, lies, hindutvwad and nationalism. Real McCoy and Bigg Brother 2
speedheat Posted June 28, 2021 Author Posted June 28, 2021 These guys got mandate to bring back all these black money, but what's happening is just opposite...This is what happening in the petrol and diesel prices too
speedheat Posted June 28, 2021 Author Posted June 28, 2021 1 hour ago, rkt.india said: Why do you think that's black money? If that is not a black money then money stored under UPA was also not black money, which makes fenku a big lier and all those allegations against congress a big hoax.
rkt.india Posted June 28, 2021 Posted June 28, 2021 5 minutes ago, speedheat said: If that is not a black money then money stored under UPA was also not black money, which makes fenku a big lier and all those allegations against congress a big hoax. I am talking all money in Swiss banks.
rkt.india Posted June 28, 2021 Posted June 28, 2021 6 minutes ago, speedheat said: If that is not a black money then money stored under UPA was also not black money, which makes fenku a big lier and all those allegations against congress a big hoax. You are started talking like Pappu. Prices always rise. GDP doesn't grow without inflation.
speedheat Posted June 28, 2021 Author Posted June 28, 2021 3 minutes ago, rkt.india said: You are started talking like Pappu. Prices always rise. GDP doesn't grow without inflation. So there was no inflation or GDP growth during UPA rule? What was BJP alleging congress for in 2014 then?... Stop being bhakt
Lone Wolf Posted June 28, 2021 Posted June 28, 2021 13 minutes ago, speedheat said: So there was no inflation or GDP growth during UPA rule? What was BJP alleging congress for in 2014 then?... Stop being bhakt They are a bunch of hypocrites.. Bhakt logic: No…… As always Modiji and his government won't do anything wrong. Government is trying hard to keep the fuel price up for reducing pollution !!!!. How can u blame a government that is so forward thinking and smart. Another reason for keeping high price is infrastructure development . If price is high then people use less fuel so there wont be any pollution for that reason the price is kept high . Wow what an idea sirji !!!!!. speedheat and Bigg Brother 1 1
speedheat Posted June 28, 2021 Author Posted June 28, 2021 16 minutes ago, Lone Wolf said: They are a bunch of hypocrites.. Bhakt logic: No…… As always Modiji and his government won't do anything wrong. Government is trying hard to keep the fuel price up for reducing pollution !!!!. How can u blame a government that is so forward thinking and smart. Another reason for keeping high price is infrastructure development . If price is high then people use less fuel so there wont be any pollution for that reason the price is kept high . Wow what an idea sirji !!!!!. Agree, lol. The popularity of bhajpa is proportional to the availability of duffers in this country... Bigg Brother and Lone Wolf 2
bharathh Posted June 29, 2021 Posted June 29, 2021 It says Swiss banks - including their India branches and other financial institutions - which may include monies used for trading etc. Where does it say it is black money or money unaccounted for? Is there any additional information provided that goes further into this? I am not sure how based on this statement one can make a call either way? From what I understand the previous issues were about monies in Switzerland only that noone else knew about.
bharathh Posted June 29, 2021 Posted June 29, 2021 I think in the excitement to propagate your existing anti-Modi bias you didn't read this bit So the lions share of these deposits are from banks... Still not sure how this indicates that this money is black money While the funds classified as 'customer account deposits' have actually declined from CHF 550 million at the end of 2019 and those through fiduciaries also more than halved from CHF 7.4 million, the money held via other banks rose sharply from CHF 88 million in this period.
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