Amid the claims of central government of fighting black money menace since demonetization, the news has arrived that money deposits by Indians in Swiss banks has gone up by fifty percent.
The latest data released by the Swiss National Bank reveal that the amount deposited by Indians in the Swiss banks in the past one year has increased substantially.
The government has even come under criticism from the BJP Rajya Sabha MP Subramanian Swamy.
Swamy targeted the government for its failure in curbing generation of black money.
Writing on his Twitter handle, Swamy said, “Secret Swiss bank accounts deposits from global sources rose by three per cent in last 12 months. Indians’ deposits however grew 50 per cent.”
But the opposition was equally unsparing as it attacked the government for failing in its promises to curb black money.
The Congress in a tweet said, “One of PM Modi’s long-standing campaign promises of bringing back black money falls flat. While you sit and wait for your promised Rs 15 lakh, more capital has flown the coop.”
Senior Congress leader and former Union minister Manish Tewari took the opportunity to hit out at the Centre.
General Secretary of the Communist Party of India (Marxist) Sitaram Yechury alleged that prime minister has no time or intention to remember the tall promises he made in 2014.
In another tweet, Yechury said the data is no surprise since the “Modi government writes off lakhs of crores of unpaid loans of crony corporate and businessmen flee India after looting public money under his watch”.>