India Expects HSBC Account Data from Switzerland in 10 days: Piyush Goyal

New Delhi: India expects to receive data from Swiss authorities on HSBC accounts of its citizens in about 10 days after Switzerland’s apex court directions that data be shared with the Indian government, Finance Minister Piyush Goyal said on Tuesday.

Serious efforts are on to check black money. Though there are no official estimates of such money stashed in foreign countries a tax demand of Rs 5,447 crore has been made in HSBC undisclosed income of Rs 8,448 crore, Goyal said in the Rajya Sabha during the Question Hour.

“The Supreme Court of Switzerland has ordered the Swiss government to share with us that data in about a week or ten days …We are going to get that,” the Finance Minister said replying to a supplementary on a question on black money deposited in foreign banks.

He said the HSBC list was released somewhere in the year 2010-11 and from 2011-12 to

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