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With Swiss President, PM Modi talks ways to combat black cash

NEW DELHI: India and Switzerland discussed new ways of collaboration to combat tax evasion and black money during talks between visiting Swiss President Doris Leuthard and PM Narendra Modi.

Modi used the meeting to not just thank Leuthard for Swiss support to India’s Nuclear Suppliers’ Group (NSG) candidature, but also emphasised the importance of India’s membership, placing it in the context of climate change.

The PM said, “Climate change is a major challenge facing all the countries. Keeping in mind the principle of ‘Common But Differentiated Responsibilities’, we agreed to work together to develop the framework of the Paris Agreement and… the modalities of its implementation. India needs to meet the needs of its growing clean energy. To complete the NSG membership will be helpful.”

The Swiss President pressed for a pragmatic solution to conclude talks on a long-pending free trade pact between India and a four-nation European bloc. In a statement, her office said, Leuthard also emphasised the need for a bilateral investment protection agreement.

During the discussions, Modi said transparency in financial transactions was a matter of concern worldwide. Leuthard was hopeful of the law on automatic exchange of information being cleared by the Swiss Parliament by the end of this year. “We had productive talks on international, regional and bilateral issues,” Modi later said. The two sides also inked two pacts for cooperation in the railway sector. Earlier in the day, external affairs minister Sushma Swaraj called on Leuthard and discussed various bilateral issues. President Ram Nath Kovind hosted a banquet for her.

Source : timesofindia

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With Swiss President, PM Modi talks ways to combat black cash


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