Swiss bank deposits of Indians go up

Swiss bank deposits of Indians go up

The Swiss National Bank has officially revealed that the amount deposited by Indian nationals in various Swiss banks in the past one year has ratcheted up by an enormous 50 percent.

Following this revelation, the Modi government has been embarrassed by critics.  The interim Finance Minister Piyush Goyal has said that all the money in Swiss Banks can't be assumed to be illegal.  But such statements only make the matters worse.  

Following this, Rahul Gandhi has hit at the government for its failure to bring back black money.  

Even BJP's own Subramanian Swamy has criticized the NDA govt.  "Secret Swiss Bank accounts deposits from global sources rose by 3% last 12 months. Indians deposits, however, grew 50%," Swamy commented.