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India to get Swiss bank details from Apr

JohnLocke

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NEW DELHI: India will be able to access banking information from Switzerland in specific cases beginning April 1, 2011, Parliament was told on Tuesday. India and Switzerland had signed an agreement on August 30, 2010 to amend the Double Taxation Avoidance Agreement (DTAA) to facilitate exchange of information between the two countries. “The amended DTAA (with Switzerland) will enable India to get banking information in specific cases for a period beginning April 1, 2011 and thereafter”, minister of state for finance S S Palanimanickam told the Rajya Sabha in a written reply.


Per capita income in FY’10 up by 14.5%


NEW DELHI: The country’s per capita income, often used to measure a country’s standard of living, increased by 14.5 per cent during 2009-10 to Rs. 46,492, Parliament was informed on Tuesday. In 2008-09, the per capita income, which measures the income per person in a population, was Rs. 40,605, statistics and programme implementation minister M S Gill said in a written reply in the Lok Sabha. “The per capita income at factor cost during 2008-09 and 2009-10 are estimated as Rs. 40,605 and Rs. 46,492, respectively, at current prices,” said Gill.
 
Bad move for Indians, it seems the Indian government want to do everything in their power to keep the money within their boarders:thumbsDown:
 
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