Switzerland has ratified automatic exchange of financial account information with India and 40 other countries. This will facilitate Switzerland to share information about suspected black money with India and other 40 nations.
According to Reserve Bank of India (RBI), India’s current account deficit (CAD) narrowed during 2016-17 fiscal owing to a contraction in the country’s trade deficit.
Former German Chancellor Helmut Kohl, who is hailed as the father of German unification has passed away.
According to NASA, May 2017 was the second hottest month in a span of 137 years when modern record-keeping of average global temperatures had commenced.