Business Standard

Swiss deposits: BJP govt must apologise for demonetisation 'pain', says Vijayan


Press Trust of India Thiruvananthapuram
Reacting to media reports that money parked by Indians in Swiss banks rose over 50 per cent last year, Kerala Chief Minister Pinarayi Vijayan today demanded an apology from the BJP-led NDA government for all the "pain" caused due to demonetisation.
"With the money stashed away by Indians in Swiss banks rising by 50% in 2017 compared with previous years, the demonetisation exercise by the Centre stands thoroughly exposed. There was no gain for all that pain. This govt owes people an apology," Vijayan tweeted.
Money deposited by Indians in Swiss banks rose over 50 per cent to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward trend amid India's clampdown on suspected black money stashed there.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 29 2018 | 6:35 PM IST

Explore News