India-Switzerland Current Affairs - 2020

Department of Science and Technology to manufacture automated Ventilators

On April 2, 2020 the Department of Science and Technology toed up with the Wipro 3D to jointly build proto type of automated ventilators. Highlights The ventilators will help in meeting urgent requirement of Covid-19 crisis. The ventilators are called AMBU (Artificial Manual Breathing Unit). They are hand held devices that will provide automatic pressurized Read More…

India-Swiss Air Service Pact to be amended, Cabinet approves signing protocol

Union Cabinet chaired by Prime Minister Narendra Modi has approved the signing of Protocol to amend the Agreement between Swiss Federal Council, the highest executive authority of Swiss Confederation and Government of India related to air services, as well as to exchange diplomatic notes with Switzerland for bringing amendments in air services agreement into force. Read More…

Switzerland to seek closer ties with India at BioAsia 2020

The BioAsia 2020 is scheduled to be held in Hyderabad in between February 17 and 19, 2020. On December 10, 2019, the Ministry of Industries and Commerce and IT informed that Switzerland will serve as India’s partner at the conference. Why Switzerland? India is Switzerland’s 8th largest trading partner. The trade between the countries amount Read More…

India, Switzerland Automatic Exchange of Financial Account Information kicks in

Automatic Exchange of Information (AEOI) Regime between Switzerland and India kicked off from September 1, 2019. Under this mechanism, India will start receiving information on all financial accounts held by Indian residents in Switzerland, for the year 2018. Central Board of Direct Taxes (CBDT) has hailed this move as a significant step in the government’s Read More…

India-Switzerland ink agreement automatic sharing of tax-related information

India has signed agreement with Switzerland for automatic sharing of tax-related information from January 1, 2018 with an aim to combat black money. Prior to it, India had to ask Switzerland for specific bits of information against the Indian account holder in Swiss banks. But due to its earlier secretive laws it could delay or Read More…