Indian Government’s move to raise FDI limit in some key sectors such as defense, aviation, and retail has come in for criticism from a completely unexpected quarter – Swiss Bankers. Bankers from the Alpine country, hitherto renowned for their discretion and silence, have criticized the move as it will hurt their business.
“This is just a ploy to allow undeclared income of politicians back into the country just before the elections masquerading as FDI,” said an official of Swiss Bank AG, a repository of several billion dollars of ‘undeclared income’ from India, more commonly referred to as “black money”.
Objavi komentar