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Swiss banks - Ideal Place for Black Money

Whenever there a fraud in our country, we often hear about SWISS BANKS and also our government tells us many times to bring back the Black Money from the SWISS BANKS . So, what makes Swiss banks different from other Banks?, and why convicted Rich people overwhelmingly prefer Swiss banks as an idle destination for hiding their Black Money. SWISS BANKS ARE IDEAL FOR BLACK MONEY. ⦁ THE BANKING LAW OF SWITZERLAND. Account Details are not disclosed to anyone. As per the Banking Law of Switzerland , the bank officials are not allowed to reveal the official name and other personal details of the Accountholders to anyone without the official permission of the Government , they are revealed only on the special instructions from the Swiss Court and the court passes such instructions only when there are criminal charges against the Account Holders like Moneylaundering , Fraud, etc. So the accounts maintained with the Swiss

Reasons for Fall in Crude Oil Price in the World

The Crude Oil prices have crashed drastically in the World a few months before the price of Crude Oil was $60 per barrel and now it has crashed to $20 per barrel . So, What is the reason behind this uncertain fall in the price of Crude Oil? Fall in price of Crude Oil. The main reason behind this is the Oil price War between three powerful countries in the World namely Russia, Saudi Arabia and the United States of America . So, what exactly is this price war? And how will it benefit the other nations in the World? First of all, let us understand a small basic economic concept that most of us already know that the price of anything or any commodity depends upon the Demand and Supply . If the Demand is more and the Supply is less then the price will inflate and vice versa. The same concept goes with the Oil if the Demand is less and the Supply is more then the price will fall. Now, the top three oil-producing countries in the World are the USA, Russia and

Positive Effects of Coronavirus on the Environment

Positive Effects of Coronavirus on the Environment Mumbai due to a reduction in pollution levels. The Novel Coronavirus has been a disaster for the entire World , took lives of several people, lead to thousands of Job Losses , destroyed several families from around the World , various developing Economies have come to a halt because of the Lockdown situation, businesses are suffering Enormous monetary l osses , there been a huge fall in the price of crude oil , it's like a Bad Dream, but as we say every negative side has its own positive side . Coronavirus has been a blessing in disguise for our Environment, and we all are witnessing the drastic change in our surroundings , the Sky has actually turned blue, the air has become cleaner and similar news reports are pouring in from the Worldwide. So let us understand What is the impact of Coronavirus and Lockdown on the Environment? and What can we learn from it? Reduction in t

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