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Harsh Penal Proceedings For Illegal Swiss Bank Deposit Holders: Arun Jaitely

A news item has appeared today indicating an increase of money by ‘Indians’ in the Swiss banking system

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Harsh Penal Proceedings For Illegal Swiss Bank Deposit Holders: Arun Jaitely
Harsh Penal Proceedings For Illegal Swiss Bank Deposit Holders: Arun Jaitely. flickr
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Union Minister Arun Jaitley today warned that Indians having illegal deposits in Swiss banks would face harsh penal proceedings under the black money law after Switzerland starts real time sharing of details of accounts from January onwards. Latest data from the Swiss National Bank showed that money parked by Indians in Swiss banks rose over 50 per cent to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward trend amid India’s clampdown on suspected black money stashed by its citizens overseas.

“A news item has appeared today indicating an increase of money by ‘Indians’ in the Swiss banking system. This has led to misinformed reaction in certain circles raising a query whether the government’s anti-black money steps have yielded results,” Jaitley said in a blog. Noting that Switzerland in financial disclosures was always a reluctant state, Jaitley said the Alpine nation has amended its domestic laws involving all disclosures and entered into a treaty even with India and real time flow of information with regard to Indians would be made. “The flow of information is starting in January, 2019. Any illegal depositor knows that it is a matter of months before his name becomes public and he will be subjected to the harsh penal provisions of the black money law in India,” said the senior BJP leader and an eminent lawyer.

Jaitley said the Alpine nation has amended its domestic laws
Jaitley said the Alpine nation has amended its domestic laws. Flickr

Also read: Under Arun Jaitley corruption grew manifold in DDCA: Bishan Singh Bedi

Further, Jaitley said those who participate in a public discourse must understand these basic facts before expressing an opinion which may be ill-informed. “To assume that all the deposits are per se tax evaded money or that Switzerland in the matter of illegal deposits is what it was decades ago, is to start on a shaky presumption,” he added. (IANS)

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4 in 10 Indians Unaware of Cyberbullying: Study

Awareness about cyberbullying is the highest in Sweden and Italy (91 per cent each) and lowest in Saudi Arabia (37 per cent)

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One in two parents in the current survey reported knowing a child in their community who had been cyberbullied, up from 45 per cent in 2011. Pixabay

While awareness about cyberbullying has increased in India by 10 percentage points in the past seven years, 37 per cent of adults in the country have still not heard of it, says a new study.

Globally, 25 per cent of adults are unaware of cyberbullying, according to the “Global Advisor Cyberbullying Study” on Tuesday by market research firm Ipsos.

“Cyberbullying is a grave issue and the child can be a victim not only on social networking sites, but also on mobile, online messaging, email, websites, online chatrooms, etc.,” said Parijat Chakraborty, Executive Director, Ipsos Public Affairs.

The findings also revealed that the percentage of parents who reported having a child or knowing a child in their community who has experienced cyberbullying has increased in India since 2011.

cyberbullying
Representational image. (IANS)

One in two parents in the current survey reported knowing a child in their community who had been cyberbullied, up from 45 per cent in 2011.

Notably, 37 per cent Indian respondents this year said their own child has experienced cyberbullying — up from a 32 per cent in 2011, the results showed.

The study carried out in 28 countries is based on over 20,000 interviews of adults conducted between March 23 and April 6 this year.

Also Read: McAfee Official Says, India Needs A More Secured Cybersecurity Ecosystem

Awareness about cyberbullying is the highest in Sweden and Italy (91 per cent each) and lowest in Saudi Arabia (37 per cent), the findings showed.

The study defined cyberbullying as when a child or group of children (under the age of 18) intentionally intimidate, offend, threaten, or embarrass another child or group of children, through the use of information technology, such as a website or chatroom on the Internet, a cellular phone, or another mobile device. (IANS)