Switzerland may not be on the World Cup Easy Street after a draw with mighty Brazil but coach Vladimir Petkovic said on Thursday he believes his team is headed down the right avenue as they prepare to face Serbia in a Group E clash.
Suspended world soccer chief Sepp Blatter was named 'Swiss of the Year' on Thursday by a weekly magazine in his native Switzerland, on the same day he appeared before a FIFA ethics committee to face questioning in a corruption scandal.
Switzerland's Ambassador to India Linus von Castelmur also said the past cannot be undone, while promising full support of his country in cases where at least some proof is provided on tax frauds.
While there are no specific data for money that could be of Indians, this includes outflows to the tune of 100 billion Swiss francs that are related to fine payments in the context of declaration of untaxed money, as per a new study by PwC.
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Finance Minister Arun Jaitley on Friday said Switzerland has agreed to share information on Indians having illicit money in Swiss banks on independent evidence provided in each case to the Alpine nation.
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
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The Indians were never the favourites in the entire scheme of things but yet, Gukesh has withstood the early storm and so has Praggnanandhaa.
As per the survey conducted by Swiss Bankers Association, protection of financial privacy remains important for people in the country with 86 per cent of respondents believing that the financial details of bank clients must be protected from third parties.
Claiming that about Rs 21 lakh crore (Rs 21 trillion) had been deposited in Swiss banks, the BJP said instead of trying to suppress fact, the government should publicise the names particularly after WikiLeaks report on the matter.
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Swiss authorities cannot open graft cases against Pakistan President Asif Ali Zardari under an order from the supreme court, Law Minister Farooq Naek has said.
He was referring to the issue of Indians allegedly stashing unaccounted money in Swiss banks.
Citing faster-than-expected recovery, rising consumer confidence and the resultant spending spike, Swiss brokerage UBS Securities has revised upwards its growth forecast for the current fiscal to 9.5 per cent from 8.9 per cent in September. The brokerage also sees the economy clipping at 7.7 per cent in FY23 but moderating to 6 per cent in FY24, as it expects the benefit of the low-interest rate regime to end by the end of FY23, and it sees the central bank hiking policy rates by 50 bps in the second half of the next fiscal. The Reserve Bank also forecasts 9.5 per cent GDP growth this fiscal while the average projection ranges from 8.5 to 10 per cent.
'This mega corruption scandal, as certified by the Supreme Court, will expose the unholy nexus between the BJP and its corrupt corporate masters'
A 12-bore gun was seized from the six accused, arrested in the Swiss woman's gang rape case, police said on Monday. The accused would be produced in the court later in the day.
India's ace shuttler Saina Nehwal stormed into the quarterfinals of the Swiss Open Grand Prix Gold badminton tournament with a straight game win over of Petya Nedelcheva of Bulgaria in Basel.
The world No. 1 made it three out of three wins on Sunday to give the Swiss a decisive 3-1 lead over Serbia.
Indians' money in Swiss banks has fallen to a record low level of about Rs 9,000 crore.
'Private General insurers are poised to grow at 17 per cent - 18 per cent over the next 5 to 7 years and we will grow faster.'
FIFA has completed a 22-month internal inquiry into allegations of high-level corruption and criminal misconduct that buffeted world football and handed its report to Swiss authorities, soccer's ruling body said on Friday.
Uruguayan soccer player Diego Forlan on Monday denied evading taxes by hiding money in Swiss accounts with the British bank HSBC Holdings PLC.
Some other tax authorities are looking at the allegations.
Two Indian women figure among scores of foreign nationals with Swiss bank accounts, whose names have been made public by Switzerland in its official gazette for being probed in their respective countries.
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India's R Vaishali crashed through the defenses of former World champion Mariya Muzychuk of Ukraine to move to 3.5 points after the fourth round of FIDE women's Grand Swiss, a part of the World Chess Championship cycle.
It was a smooth performance from Sindhu as she was hardly tested by the Taiwanese qualifier
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The Swiss Federal Office of Justice (FOJ) said it had blocked accounts at several banks in Switzerland after police arrested some of the most powerful figures in global soccer on Wednesday in US and Swiss corruption cases.
Amid claims from various quarters that Indians have stashed away thousands of crores in secret bank accounts in Switzerland, the Swiss banks have asserted that any statistics about black money "simply do not exist."
Croatia became the first team to win the mixed-gender team competition following the tournament's return to the tennis calendar after a four-year absence.
Sankalp Gupta becomes India's 71st GM.
Swiss banks seek fresh undertakings from Indians.
In 2022, India was ranked as the eighth most polluted country with an average PM2.5 concentration of 53.3 micrograms per cubic metre.
The Reserve Bank of India has sought views of the Union ministry of finance in giving permission for a 'Credit Suisse' Swiss Bank to open its first Indian branch in Mumbai.
Modi promised in his 2014 election campaign to recover billions of dollars sent to tax havens abroad to avoid income tax, now about 30 per cent in India
Photos from the World Cup Group E match between Switzerland and Ecuador, at Brasilia.
