Tag: Switzerland
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Does the suspension of India’s ‘MFN’ clause by Switzerland impact international investments?
After the 2023 case which was ruled by SC stated that the MFN (Most Favoured Country) clause in tax treaties between the countries with India doesn’t apply it directly if another countries join the OECD (Organisation for Economic Cooperation and Development). The MFN clause will not apply automatically under DTAA, due to the Income Tax ... -
The Fall of the Hinduja Dynasty: Wealthiest Family Convicted in Swiss Court
Four members of the eminent Hinduja family were recently convicted in Geneva, Switzerland, for exploiting underpaid domestic helps at their luxurious villa. The elder family members, Prakash Hinduja and Kamal Hinduja. were sentenced to 41/2 years each, while Ajay Hinduja and his wife Namrata received 4 year sentences. Their business manager, Najib Ziazi, received an ... -
Switzerland’s Matterhorn mountain turns into tricolor Indian flag
The Matterhorn is a mountain of the Alps, standing in the main watershed and border between Switzerland and Italy. As a way of encouraging unity and expressing solidarity with India, the Swiss Government lighted up their iconic Matterhorn mountain as the tricolor flag of India. Gerrt Hofstetter, Swiss Light Artist has been lighting the 4,478 ...