The hot topic that sizzles in all the channels for the past 2 days is about the treaty for unearthing the black money lying in Swiss Bank. The swiss bank disclosed the identities of some 4450 US clients couple of days back as per the request made by the USA government. It came up with clear evidence of wrongdoing about the persons whom they suspect. In the history this is the first time, the swiss bank agreed to disclose the info about its clients.

The potentially historic disclosure could expose information about as much as $18 billion.This is an unprecedented amount of information on taxpayers who've evaded their tax obligations.
Earlier Swiss Bank authorities had rejected India’s request to disclose details of clients, saying Swiss law and the Organisation for Economic Co-operation and Development (OECD) Model Tax Convention do not permit fishing expeditions.

Swiss bank said, now the ball is in India's court to revise the Double Taxation agreement that signed with swiss. With regard to this concern, Financial Minister Pranab Mukherjee stated like India is looking forward to revise its double taxation treaties with most of the countries including Switzerland. But when it will be done? No one has answer. We need to keep our fingers cross and hope for the best.

Around $1500 billion is hided by DISHONEST INDUSTRIALISTS, scandalous politicians and corrupt IAS, IRS, IPS officers.This amount is about 13 times larger than the country’s foreign debt. With this amount 45 crore poor people can get Rs 1,00,000 each.

If we get the money back, India will stand in top 5 developed countries.