Page 4 - Switzerland

Swiss MFN move won't impact $100 bn EFTA investment commitment: Barthwal

Under the Double Tax Avoidance Agreement (DTAA), Switzerland had reduced the withholding tax on Indian entities operating in that country to 5 per cent from 10 per cent earlier

Switzerland suspends MFN: What is the clause and its meaning for India?

Explained: What is the most favoured nation clause and why did Switzerland suspended it for India after the Nestle's 2023 Supreme Court ruling

India may renegotiate DTAA with Switzerland over EFTA trade pact: MEA

India on Friday said its double taxation treaty with Switzerland may require renegotiation in view of its trade pact with the member states of the European Free Trade Association (EFTA). The remarks by the spokesperson of the Ministry of External Affairs (MEA) came after the Swiss government suspended the most favoured nation status (MFN) clause in the India-Switzerland Double Taxation Avoidance Agreement (DTAA). "My understanding is that with Switzerland, because of EFTA, the double taxation treaty that we have; it's going to be renegotiated. That is one aspect of it," MEA spokesperson Randhir Jaiswal said. He was responding to a question on the issue at his weekly media briefing. India and the EFTA member states of Norway, Switzerland, Iceland and Liechtenstein sealed a free trade deal in March. Under the mega trade deal, the four European countries are looking at making an investment of USD 100 billion in India over the next 15 years. The trade pact is yet to come into force.

Verdict on Swiss handling of Credit Suisse meltdown to set tone for UBS

Swiss parliament formed a committee in June last year to probe the official response to the 167-year-old bank's demise

Top cities for expats in 2024: Zurich, Vienna, & Auckland lead the pack

Switzerland's Zurich has earned the top spot for its outstanding public services, low crime rates and strong commitment to sustainability, followed by Vienna, Austria for its cultural vibrancy

Switzerland bars exports to Polish firm after ammunition ends up in Ukraine

The Swiss government said on Friday it is barring exports to a Polish military hardware supplier after concluding that some 645,000 rounds of Swiss-made small-caliber ammunition ended up in Ukraine in violation of Swiss law. The State Secretariat for Economic Affairs said exports to the Polish company will be barred because the risk of diversion to Ukraine is assessed as being too high. Switzerland has long touted its neutrality in world affairs, and Swiss law bans exports of Swiss-owned or Swiss-made military hardware to countries in conflict. However the Swiss government has backed European Union economic sanctions against Russia over its full-scale invasion of Ukraine in 2022. The secretariat opened an investigation after a report by US-based news outlet Defence One last November indicated a Ukrainian company had taken receipt of 645,000 rifle cartridges of armour-piercing rounds made by SwissP Defense and delivered by a Polish importer, UMO. The investigation showed that the S

Trafigura goes after missing $500 million in Mongolian fuel fraud

Trafigura said last month it had made provisions of $1.1 billion after discovering what it described as misconduct at its Mongolian unit, including manipulation of data and concealment of overdue

Swiss burqa ban: What it means as new law takes effect from January 2025

The Swiss government has clarified that the burqa ban will not apply universally

Did suicide pod malfunction? Strangulation marks raise alarms in Swiss case

A 64-year-old American woman died on September 23 in a secluded forest near a cabin in Merishausen, Switzerland, close to the German border

Railways renews MoU with Switzerland to boost technical cooperation

The Railways on Tuesday renewed a memorandum of understanding (MoU) with the Federal Department of Environment, Transport, Energy and Communications (DETEC) of the Swiss Confederation to enhance technical cooperation between the two nations, an official statement said. The MoU, renewed and formalised through video conferencing, received approval from the ministries of Railways and External Affairs, it said. Addressing the MoU signing ceremony, Union Railways Minister Ashwini Vaishnaw said it will provide a comprehensive framework for collaboration to the Indian Railways in various areas, including technology sharing, track maintenance, management and construction, according to the statement issued by the Ministry of Railways said. This MoU also aligns with the government's commitment to modernise the Indian Railways, Vaishnaw said. Federal Councillor and Head of the Federal DETEC Albert Roesti said Switzerland's advanced railway technology will benefit the Indian Railways by improv

Maharashtra govt gets Rs 1.6 crore bill from Swiss firm for Davos stay

The Maharashtra government received a legal notice from a Swiss firm for Rs 1.58 crore in unpaid hospitality bills for their stay at Davos during their visit to the World Economic Forum summit

Why are Italy and Switzerland redrawing their border near Matterhorn Peak?

The boundary change, agreed upon by both Italy and Switzerland, affects the area under Matterhorn, one of the highest and most iconic peaks in the Alps

Denmark, Switzerland, & more: Top countries that offer best quality of life

To determine the 2024 rankings, US News & World Report, WPP, and the Wharton School surveyed people from around the world between March 22 and May 23, 2024

India ranks 39th in GII 2024; Switzerland leads for 14th consecutive year

The GII report uses seven indicators: Institutions, Human Capital and Research, Infrastructure, Market Sophistication, Business Sophistication, Knowledge and Technology Outputs, and Creative Outputs

World Talent Ranking 2024: Switzerland leads, India drops to 58th position

The IMD's recent World Talent Ranking 2024 shows that Switzerland ranks first, followed by Singapore; India finds itself ranked 58th globally, with a talent score of 40.47

US woman dies in first use of Swiss suicide pod, several arrested

Swiss health minister stated that the Sarco suicide capsule fails to meet product safety standards and the use of nitrogen is not legally compliant in the country

Switzerland govt submits EFTA-India trade agreement to Parliament

In 2018, after EFTA and Indonesia signed an FTA, a Swiss non-government organisation Public Eye highlighted deforestation in Indonesia for palm tree cultivation as well as the death of orangutans

Serenity above, explosions below: Switzerland's lake conundrum explained

The bulk of the explosives, dumped between 1918 and 1964, lie at depths ranging from 500 to 720 feet in three major lakes

Switzerland closer to being cashless, launches instant payment scheme

Instant payments are credit transfers that make funds available in the recipient's account within 10 seconds of a payment order being made rather than waiting for days for the cash to clear

Belgium bows out, Switzerland shuffles: Triathlon trouble at the Olympics

Bacteria levels in the Seine have caused issues throughout the Olympics, leading to several triathletes falling ill ahead of the mixed relay scheduled for Monday