PM to visit Switzerland, US in five-nation tour

PM to visit Switzerland, US in five-nation tour1464689511-8318

Prime Minister Narendra Modi will embark on a five-nation tour from Saturday. He will visit Afghanistan, Qatar, Switzerland, the US and Mexico. He is also slated to head for a four-nation tour to Africa in the first half of July. While the itinerary of that visit is still being worked out, it is likely to include visits to Mozambique, South Africa, Tanzania and Kenya. It will be the first visit of his tenure to mainland Africa. The PM had visited the island nations of Seychelles and Mauritius in March 2015.

The highlight of the PM’s five-nation tour will be the visit to Switzerland on June 5 and 6, en-route to the US. In Switzerland, the PM will hold discussions with the President of the Swiss Confederation Johann Schneider-Ammann. Modi is also likely to take up early conclusion of an agreement on the automatic exchange of tax information.

This agreement will facilitate the exchange of information between the tax authorities of the two countries and potentially help Indian tax authorities to track unaccounted money, or ‘black money’, suspected to be stashed away in Swiss banks by Indian nationals. Tracking down the ‘black money’ was a key promise of the Modi-led Bharatiya Janata Party in the run-up to the 2014 Lok Sabha elections. Read More.

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