Podcast: Brown money in the white Alps

Indians’ affinity for Switzerland is only too well known. Mention “honeymoon” and the first image that I imagine most Indians conjure is snowcapped mountains, cute little chalets, men in thick woolen sweaters, and women in chiffon sarees – basically a scene from Chandni.

Perhaps even singing “Aage aage chalein hum, peechhe peechhe preet mitwa.”

It’s no surprise then that as Indians are going aage aage into Switzerland in busloads, so would their black money follow them peechhe peechhe.

A recent PTI report claims that money parked by Indians in Swiss banks rose over 50 percent to 1.01 billion francs (Rs 7,000 crore) in 2017, reversing a three-year downward trend amid India's clampdown on suspected black money stashed there.

You know what they say, bahut hee bure din somewhere must mean achhe din somewhere else. And that tragico(s)mic balance is our Editor’s Pick of the Day – Brown Money in the White Alps.