Great news for Modi govt, Swiss Bank reveals names of account holders

In a huge achievement for Prime Minister Narendra Modi on black money being saved abroad, Swiss Bank has submitted a list of those names who hold accounts in their banks. The list has been submitted to Modi government. India is among 75 countries with which the Federal Tax Administration (FTA) exchanged information on around 3.1 million financial accounts.
The took place within the framework of the global standard on the automatic exchange of information (AEOI).