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80% reduction in Indian money in Swiss banks under Modi gove

  
  
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  Government sources have claimed that Indian money in Swiss banks has come down by 80 per cent under the Modi government. NEW DELHI: Indian money in Swiss banks has come down by 80 per cent under the Modi government, contrary to media reports of it increasing by 50 per cent in 2017, top government sources. The sources said that the Swiss banks' data that was made public has been "misinterpreted" by the media, adding that it includes 'non-deposit liabilities', 'business of Swiss branches located in India', 'inter bank transaction' and 'fiduciary liability'.
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