Black money refers to money deposited in foreign banks by Indian citizens. In 2011, it was reported that 2.18 billion Swiss francs were held by Indian individuals and business in Swiss banks.
India has more money in Swiss bank than all the other countries combined. they deposit their black money in swiss bank.This is not so surprising.Dishonest persons, scandalous politicians and corrupt IAS, IPS officers have deposited in foreign banks in their illegal personal accounts a sum of about $ 1500 billion, which have been misappropriate by them.
US Dollar equivalent in Swiss Franc or $ equivalent is CHF or Cent equivalent is Rappen
Why do we do that. If you are wealthy you might want to because of taxes, but otherwise most folks do NOT put money into Swiss banks. You might think that because of some movies. It is made easy to hide the money and that is one reason for depositing things there.
Yes, you can send money to an Indian bank account through MoneyGram.
A Big Part Of India's Black Money Is Held By Swiss Bank.
Black money refers to money deposited in foreign banks by Indian citizens. In 2011, it was reported that 2.18 billion Swiss francs were held by Indian individuals and business in Swiss banks.
If all the black money from the Swiss Bank are transferred to India's national income then we could race U.S within a week.................
Black money is something used in India. It is what money that is earned on the black market is called. This money is often stored in Swiss banks.
um.. yes?
Black money in India is $1,456 billion
India whoelse???
50 trillion hundred dollars
Swiss Banks are very particular about customer confidentialy and secrecy. They are not obliged to share the details of their customers to anyone unless there is legal proof of any wrong-doing by the customer. In our case, the Indian Government has to first prove that, whatever money is stashed away in Swiss banks by our politicians were earned unlawfully by corruption and then take the same to the Swiss Banks. Only then will we be able to demand the money. The Government cannot just demand money as and when they wish.
By the help of some dealers respective countries, who ears money by this dealings.
they're basically the best bearings money can buy
rekha sunitha