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War on black money: Switzerland will start sharing information on money parked there by Indians from 2019, says Jaitley

On 50 Days Of Narendra Modi Government's Demonetisation Move, Finance Minister Arun Jaitley On Friday Briefed The Media In Delhi.

News Nation Bureau | Edited By : Bindiya Bhatt | Updated on: 30 Dec 2016, 05:46:41 PM
Govt making efforts to eliminate black money and its users, says Arun Jaitley (Pic: ANI)

New Delhi:

On 50 days of Narendra Modi government's demonetisation move, Finance Minister Arun Jaitley on Friday briefed the media in Delhi.

Here are the live updates:

#The mass scale and manner in which some ppl have indulged in currency racketeering itself justifies the PM's decision of Nov 8

#Things have normalised to a large extent. Post 31st December would urge (media) to not show queues of Dec 10

#After 2019, the entire capital gains tax will come to India

#With effect from 2019, Switzerland will start giving us real time info on investments by India or Indian entities in Switzerland in 2018

#Must say 2016 has been historic because 3 double taxation avoidance agreements which provided routes to evade taxations have been blocked

#On 10 May '16, we had amended the DTAA with Mauritius,on 18 Nov '16, DTAA with Cyprus was amended and today we amended it with Singapore

#Since there's been efforts by GoI to eliminate where it can, the black money and its users in India, revisiting of this treaty was imp

#Today, India and Singapore have signed the 3rd protocol for amending DTAA

#On 10 May '16, we had amended the DTAA with Mauritius,on 18 Nov '16, DTAA with Cyprus was amended and today we amended it with Singapore

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First Published : 30 Dec 2016, 05:29:00 PM

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