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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.

Next Story

The United States Of America Drops Out Of Top 20 Corrupt Countries

For the 2018 index, 180 countries were surveyed. Denmark and New Zealand topped the list while Somalia, Syria, and South Sudan were at the bottom.

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U.S. President Donald Trump is seen through his transparent teleprompter as he speaks during the Missile Defense Review announcement at the Pentagon in Arlington, Virginia, U.S., January 17, 2019. VOA

A global anti-corruption watchdog says the United States has dropped four spots in its list of nations’ anti-corruption efforts and is now no longer listed in the top 20 for the first time.

Acting U.S. Representative at Transparency International, Zoe Reiter, calls a four point drop in the 2018 Corruption Perceptions Index (CPI) a “red flag.”

She says it comes at a time when the U.S. is experiencing “threats to its system of checks and balances” and an “erosion of ethical norms at the highest levels of power.”

USA. government
Caravans from Central America have inflamed the debate over U.S. immigration policy, with U.S. President Donald Trump using the migrants to try to secure backing for his plan to build a border wall on the frontier with Mexico., VOA

“If this trend continues, it would indicate a serious corruption problem in a country that has taken a lead on the issue globally,” Reiter says.

The United States scored a 71 in the perceptions index after scoring 75 the previous year.

“The expert opinion captured by the CPI supports the deep concern over corruption in government reported by America in our 2017 survey. Both experts and the public believe the situation is getting worse,” Reiter said.

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Bulgarian anti-corruption protesters march during a demonstration in downtown Sofia, VOA

Transparency International uses several criteria for measuring how well a country is fighting corruption, including checks and balances on political power, controls on conflicts of interest and private influence on government, and voter suppression.

Also Read: World’s Anti-Corruption Day

For the 2018 index, 180 countries were surveyed. Denmark and New Zealand topped the list while Somalia, Syria, and South Sudan were at the bottom. (VOA)