Steps to unearth black money: PM

Replying to a debate on the Motion of Thanks on the President’s address in Lok Sabha,he said negotiations have been completed with the Bahamas and Bermuda and “steps are being taken for signing of agreements”.

The government has also approached Switzerland for “renegotiation of our tax treaty so that we can have access to bank information”,Singh said.

Noting that negotiations with Switzerland were held in November 2009,he said “the matter is being pursued for finalising a new protocol through which we will be able to obtain information in specific cases.”

The Prime Minister said India was an active participant in global fora for improving transparency and exchange of information on tax matters.