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All money in Swiss bank not black, will get all black money data by 2019: Piyush Goel

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8 years ago

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All money in Swiss bank not black, will get all black money data by 2019: Piyush Goel

[vc_row][vc_column][vc_column_text]Attacked and mocked by Opposition and BJP leader Subramanian Swamy over report of 50% rise in money deposited by Indians in Swiss banks in 2017, acting finance minister in Narendra Modi government, Piyush Goyal came up with some dubious claims and promises on Friday, June 29.

He questioned how all the money could be assumed to be illegal and said India will get all data on black money from Switzerland by the end of fiscal 2019.

“We will have all the info and if anybody is found guilty, strict action will be taken,” Goyal told reporters in New Delhi. “Today, nobody has the guts to save money outside the country. And it has been possible only because of the government’s hard work,” the caretaker Finance Minister said.

“Agreement between India and Switzerland has this. From January 1, 2018 till end of accounting year (ends March 31, 2019), all data will be made available. Why assume this is black money or illegal transactions?” Piyush Goyal said, referring to the report.

Around 40 per cent of this money is because of the Liberalised Remittance Scheme (LRS), Goyal said. Under the scheme, an individual can remit up to USD 2,50,000 in a foreign account per year.

India has a treaty with Switzerland under which the Swiss government would provide all data from January 1, 2018 till December 31, 2018. India would get data as the accounting year ends, Goyal said.

“We will have all information. If someone is found guilty, the government will take strong action against them,” the Finance Minister said.

While Switzerland has already begun sharing foreign client details on evidence of wrongdoing provided by India and some other countries, it has agreed to further expand its cooperation on India’s fight against black money with a new pact for automatic information exchange.

India and Switzerland have held several rounds of discussions on the new framework on exchange of financial data, and also for fast-tracking exchange of pending information requests about suspected illegal accounts of Indians in Swiss banks.

About an hour after Piyush Goyal’s remarks, Congress president Rahul Gandhi took to Twitter to take a swipe at the Modi government over what he claimed was the government’s inability to win the fight against black money.[/vc_column_text][vc_raw_html]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[/vc_raw_html][vc_column_text]Data released by Swiss National Bank reveal that after declining for three successive years, money deposited by Indians in Swiss banks rose 50 per cent to CHF (Swiss Franc) 1.02 billion (Rs 7,000 crore) in 2017 over the previous year.

In comparison, the total funds held by all foreign clients of Swiss banks rose about 3 per cent to CHF 1.46 trillion or about Rs 100 lakh crore in 2017, according to data released by the Swiss National Bank (SNB), the central banking authority of the Alpine nation.

Indian money in Swiss banks had fallen by 45 per cent in 2016, marking their biggest ever yearly plunge, to 676 million Swiss francs (Rs. 4,500 crore) – the lowest ever since Switzerland began making the data public in 1987.

In November 2016, the government had withdrawn high-value currency notes from circulation overnight. PM Minister Narendra Modi had said demonetisation would wipe out black money from the system.

The rupee has also been under severe stress. On Thursday, it breached the 69-mark against the US dollar for the first time, ending the day at an all-time low of 68.79.

The government came under severe attack from Opposition and BJP Rajya Sabha MP Subramanian Swamy.

BJP leader Subramanian Swamy hit out at 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.”[/vc_column_text][vc_raw_html]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[/vc_raw_html][vc_column_text]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.”

Congress leader and former Union minister Manish Tewari also hit out at the Centre.[/vc_column_text][vc_raw_html]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[/vc_raw_html][vc_column_text]Tweeting a caricature on the development, the Aam Aadmi Party said the black money parked in foreign lands will not return in PM Modi’s government.[/vc_column_text][vc_raw_html]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[/vc_raw_html][vc_column_text]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.

“From falsifying history to making new promises, Jumlaman has no time or intention to remember tall promises he made in 2014. From depositing 15 lakh in each bank account to making Rupee stronger to doubling farmers’ income, he has only insulted and humiliated us Indians,” he said in a tweet.

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”.[/vc_column_text][/vc_column][/vc_row]

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Mother Dairy raises milk prices by Rs 2-4 per litre from November 12

Mother Dairy has increased milk prices by Rs 2-4 per litre from November 12. Full cream milk will now cost Rs 76 per litre, while toned milk will be priced at Rs 62.

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November 11, 2026

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mother dairy

Mother Dairy has increased the prices of its liquid milk variants by Rs 2 to Rs 4 per litre, with the revised rates coming into effect from Thursday, November 12. The price revision will affect consumers in the Delhi-NCR market, where the dairy company is a major milk supplier.

The increase comes amid rising input costs, particularly higher procurement prices paid to farmers. According to sources, the company has decided to pass on part of the additional cost to consumers.

A spokesperson for Mother Dairy declined to comment on the latest price revision.

Check new Mother Dairy milk prices

The revised rates cover several liquid milk variants sold in the NCR market. Full cream milk has seen the highest increase of Rs 4 per litre.

Here are the revised prices:

Milk variantOld priceNew price
Toned milk (bulk vended)Rs 58Rs 60
Full cream milk (pouched)Rs 72Rs 76
Toned milk (pouched)Rs 60Rs 62
Double toned milkRs 54Rs 56
Cow milkRs 62Rs 65

The new prices will be applicable from November 12.

Why Mother Dairy has increased milk prices

The latest revision follows an increase in the procurement prices of milk from farmers. Sources said the higher procurement costs have prompted Mother Dairy to partly transfer the additional input expenses to consumers.

The company passes on around 75-80 per cent of its milk sales realisation to farmers.

Mother Dairy had last increased milk prices on May 14, 2026. Before that, its previous price revision took place in April 2025.

Mother Dairy’s daily milk sales

Mother Dairy sells approximately 35 lakh litres of milk every day in the Delhi-NCR market through its own outlets, general trade channels and e-commerce platforms.

Its overall daily milk sales exceed 50 lakh litres.

The company recorded a 17 per cent increase in turnover to Rs 20,300 crore in the last financial year. The growth was supported by improved demand for its milk products and cooking oils.

About Mother Dairy

Commissioned in 1974, Mother Dairy is a wholly owned subsidiary of the National Dairy Development Board (NDDB).

The company sells milk and milk products under the Mother Dairy brand. It markets edible oils under the Dhara brand, while fresh fruits and vegetables, frozen vegetables, snacks, pulps and concentrates are sold under the Safal brand.

Mother Dairy operates nine milk processing plants and four horticulture processing plants. Its edible oil operations are supported by 16 associated plants.

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Air pollution as big a health emergency as COVID, says former WHO chief Soumya Swaminathan

Former WHO Chief Scientist Dr Soumya Swaminathan said air pollution should be treated with the same urgency as COVID, highlighting its effects on children, pregnancy and multiple organs.

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1 day ago

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November 11, 2026

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air pollution

Air pollution should be treated as a major public health emergency requiring an urgent and coordinated response, former World Health Organisation (WHO) Chief Scientist Dr Soumya Swaminathan has said.

In an exclusive interview, Dr Swaminathan compared the scale of the air pollution health crisis with COVID and said its effects can extend across the body, including the brain, lungs and cardiovascular system. She also highlighted links between pollution exposure and conditions such as asthma and diabetes.

Why air pollution needs a COVID-like response

Dr Swaminathan said COVID triggered an immediate public response because it was sudden, visible and associated with an unknown virus. Air pollution, by contrast, is often less visible and its effects accumulate over time.

She said people may become accustomed to pollution because it is not always visible, particularly outside the winter months. But she stressed that prolonged exposure can still cause serious health damage.

She called for the issue to receive an “equal, urgent, coordinated and scientific” response, similar to the approach taken during the COVID crisis.

PM2.5 poses risks from pregnancy to childhood

Dr Swaminathan also highlighted concerns about exposure to fine particulate matter, particularly PM2.5, among pregnant women and children.

According to her, these tiny particles can enter the lungs and bloodstream and may also reach the placenta. She pointed to higher rates of premature births and low birth weight among babies born in areas where mothers are exposed to high levels of air pollution.

She also said children are particularly vulnerable because their brains and other organs are developing rapidly. Children breathe faster than adults, and those growing up in heavily polluted areas can have smaller lungs, she said.

Why AQI may not tell the full health story

Dr Swaminathan suggested moving beyond the conventional Air Quality Index (AQI) towards an Air Quality Health Index (AHQI).

The proposal would place greater emphasis on how individual pollutants affect different groups of people. She noted that the dominant pollutant can vary from one city to another, while its health impact may also differ for groups such as pregnant women and children.

The current AQI uses eight major pollutants as parameters: PM10, PM2.5, ozone, sulphur dioxide, nitrogen dioxide, carbon monoxide, lead and ammonia. The overall AQI is determined by the highest pollutant sub-index.

Swaminathan does not favour shutting schools

On protecting children from polluted air, Dr Swaminathan said she was not in favour of simply closing schools.

She argued that children from poorer families may continue breathing polluted air at home, while also losing access to education, social interaction and midday meals.

Instead, she suggested making school environments cleaner. Her proposals included installing air purifiers in classrooms, providing pick-and-drop bus facilities and encouraging older children to wear masks when outdoors.

Five measures suggested to tackle pollution

Dr Swaminathan outlined five key measures for addressing the pollution crisis:

  1. Launch a national clean air programme, which she suggested could be called the “Swachh Vaayu Abhiyan”.
  2. Prepare a costed, long-term plan with sustained investment and study lessons from countries such as China.
  3. Establish empowered leadership and accountability for tackling air pollution.
  4. Create a panel of experts to develop a science-based, multi-sectoral and multi-year plan.
  5. Put health at the centre of air pollution policy.

She also supported treating the right to clean air as a basic public health entitlement, linking it to the constitutional right to life.

Dr Swaminathan’s central argument was that air pollution should no longer be treated as a slow-moving or routine environmental problem, but as a serious health crisis requiring sustained action.

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Terrorists open fire at CRPF personnel in Jammu and Kashmir’s Kulgam, search operation underway

Terrorists opened fire on CRPF personnel at a naka in Jammu and Kashmir’s Kulgam district. The attackers fled and a search operation was launched.

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November 11, 2026

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jammu and kashmir encounter

Unidentified assailants opened fire on Central Reserve Police Force (CRPF) personnel in Jammu and Kashmir’s Kulgam district on Wednesday afternoon, according to the CRPF.

The incident took place at a security naka in the Kulgam area. The attackers, who were reportedly travelling on a motorcycle, fled after opening fire on the security personnel.

According to the CRPF statement, the firing occurred at around 2:15 pm. The injured personnel were shifted to a hospital in Anantnag district for treatment.

Search operation launched for attackers

Following the firing, security forces launched a cordon and search operation to locate the attackers.

The assailants have not been identified so far, and further details about the incident are awaited.

What happened in Kulgam

The CRPF personnel were deployed at a naka when the unidentified motorcycle-borne assailants opened fire at them. After the attack, the assailants fled from the spot.

The CRPF said the injured personnel were taken to a hospital in Anantnag for medical treatment. A search operation was subsequently launched to track down those responsible for the attack.

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