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Switzerland commits to join India in its fight against black money

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By NewsGram Staff Writer

Swiss Economic Affairs Minister, Johann N. Schneider Ammann, said on Friday that Switzerland is always in support of India’s fight against black money.

The minister said that the issues of black money will be discussed in the second session of the parliament.

“Switzerland has decided to follow international standards, including those framed by Organisation for Economic Co-operation and Development (OECD), in sharing information and providing assistance to foreign countries probing such cases, but we have to ask our Parliament to make changes in our laws,” he said at a select media briefing.

Ammann is on a three-day tour to India and is scheduled to meet India’s Finance Minister Arun Jaitley to discuss the issue.

To consider providing “administrative assistance” to foreign countries, which would include India, in such cases, a proposal would be moved in the Swiss Parliament in the second half of this year, said Ammann in New Delhi on Friday.

On a question regarding black money law, Ammann said that it is too early to talk about that as the procedures and the law itself first need to be understood.

However, Ammann assured that the Swiss Government will provide every assistance to India and both the governments will work together to bring back black money to India.

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H55’s Zero-Emission Electric Plane Takes Flight in Switzerland

The Bristell Energic offers a solution which is clean, quiet, cost efficient and safe

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Electric Plane, Switzerland, Flying Taxis
Powered by H55's electric propulsion system and manufactured by BRM Aero, the Bristell Energic airplane will be used for pilot training. Pixabay

Taking a big step towards developing flying taxis, H55, a Solar Impulse technological spin off, successfully flew a two-seater fully electric airplane on Friday.

Powered by H55’s electric propulsion system and manufactured by BRM Aero, the Bristell Energic airplane will be used for pilot training and flight schools, H55 said in a statement.

The Bristell Energic offers a solution which is clean, quiet, cost efficient and safe, the company added.

The airplane has an endurance of 1.5 hours, providing 45-60 minutes of mission flight with enough reserves, a typical training programme for flight schools, H55 said, adding that this electric flight trainer airplane has received considerable interest from flight schools, airport resident associations and aviation authorities.

Electric Plane, Switzerland, Flying Taxis
Taking a big step towards developing flying taxis, H55, a Solar Impulse technological spin off. Pixabay

“Electric air transport will deeply transform and improve urban mobility,” said Andre Borschberg, former CEO and Pilot of Solar Impulse, and now H55’s Co-Founder and Executive Chairman.

“Electric propulsion has enabled the world of drones, it will do the same for aviation. The Bristell Energic is a stepping stone for the development of such new aviation transport solutions, where the challenge will be safety and certification.

“By having our electric airplanes fly and monitoring their performance, H55 will continue to build up big data essential for the development of VTOLs (vertical take-off and landing aircraft) and flying taxis,” Borschberg added. (IANS)