Mamata slams demonetization as Indians put more in Swiss banks
Kolkata, June 29: Amid reports of soaring deposits by Indians in the Swiss banks in the last year, West Bengal Chief Minister Mamata Banerjee on Friday taunted the Narendra Modi government over its demonetization move.
She said money was "flying" to Swiss bank while India was "losing".
"Bravo! #DeMonetisation? Swiss Bank money flying. India losing," Banerjee said in a tweet.
According to media reports, after falling for three years in succession, money parked by Indians in Swiss banks rose 50 per cent to 1.02 billion Swiss francs in 2017 over the previous year.
Interim Finance Minister Piyush Goyal on Friday said data of money deposited by Indians in Swiss banks will be available to the government under an agreement signed with Switzerland for automatic exchange of information.
Responding to media queries on the rise of deposits by Indians in Swiss banks, he said: "From what I understand (from media reports) 40 per cent increase in foreign remittances are on account of the Reserve Bank's Liberalised Remittance Scheme brought during the previous (UPA) government under which a resident Indian can remit $250,000 per year."
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Man dies as fishing boat capsizes off Kochi
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Kochi (PTI): A man died and five others were rescued after a fishing boat capsized off Puthuvypeen here on Saturday, coastal police said.
According to police, the fishing boat St Xavier capsized near Puthuvypeen soon after it set out at around 5 am.
A rescue operation was immediately launched and all the crew members were pulled out of the water by fishermen in another boat, they said.
However, one of the fishermen, identified as Renjan (62) of Neerkunnam in Alappuzha district, sustained injuries and was shifted to a hospital where he later died, police added.
Police said the reason for the mishap could not be immediately ascertained.
An attempt to recover the boat will be launched soon, they said.
Statements of the rescued fishermen are being recorded as part of the investigation.
A case of unnatural death has been registered at the Fort Kochi Coastal Police Station.
The body of the deceased was handed over to relatives after the postmortem.
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