India seeks more info on black money from Switzerland

India on Thursday sought further cooperation from Switzerland in tackling the menace of black money by exchanging tax information.

This was conveyed by Home Minister Rajnath Singh to visiting Minister for Justice and Police of Swiss Confederation Simonetta Sommaruga here.

Singh said India “looks forward to cooperation with Switzerland on the issue of exchange of tax information since the black money issue is the main corruption issue which needs to be tackled”, according to an official statement.

Visa regime
He also sought a more liberal visa regime for Indian business people since India has been offering multi-year multiple entry visas to Swiss businesses in a bid to enhance bilateral trade and investment.

Singh told Sommaruga that the two countries have made significant contributions to strengthen peace and prosperity based on their shared vision of a peaceful and progressive future.

Signs pact
In the presence of the two ministers, both the countries signed three agreements — mutual visa exemption agreement for holders of diplomatic passports, technical arrangements on identification and return of illegal migrants, and arrangement for dependent person of diplomatic, consular, technical and administrative staff of diplomatic and consular mission to perform gainful employment.
DH News Service