India and the US inked a tax information sharing agreement under FATCA which will enable automatic exchange of financial information.
The issue of black money has been a matter of great debate in India and Switzerland has been long perceived as one of the safest havens for the illicit wealth
FATCA will facilitate flow of financial information between countries.
Switzerland will not share details about accounts held prior to September 2018.
'At the informal summit, the two leaders will have heart-to-heart discussions on overarching issues and try to build mutual trust'
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
Concluding the three-part series, Paranjoy Guha Thakurta says that the black money law is likely to fail because of the ineptness of India's investigative and enforcement agencies.
