​​​
  1. PM Narendra Modi will embark of 5-nation trip tomorrow

PM Narendra Modi will embark of 5-nation trip tomorrow

Prime Minister Narendra Modi sets off tomorrow on a five-nation visit to Afghanistan, Qatar, Switzerland, the US and Mexico during which the focus will be to broaden India's trade, energy and security cooperation with them and inject a new momentum in ties.

By: | New Delhi | Published: June 3, 2016 8:25 PM
Narendra Modi Prime Minister Narendra Modi sets off tomorrow on a five-nation visit to Afghanistan, Qatar, Switzerland, the US and Mexico during which the focus will be to broaden India’s trade, energy and security cooperation with them and inject a new momentum in ties. (Reuters)

Prime Minister Narendra Modi sets off tomorrow on a five-nation visit to Afghanistan, Qatar, Switzerland, the US and Mexico during which the focus will be to broaden India’s trade, energy and security cooperation with them and inject a new momentum in ties.

Modi is likely to seek support of Switzerland and Mexico for India’s membership of the 48-member Nuclear Suppliers Group as both these countries are key members of the elite group. The issue is likely to figure during Modi’s meeting with Obama in Washington.

During his talks with the leadership of Switzerland, the Prime Minister is also likely to raise the issue of black money stashed by Indians in Swiss banks.

The Prime Minister will first travel to Afghanistan where he will inaugurate the Afghan-India Friendship Dam, earlier known as Salma Dam, in Herat province, along with Afghan President Ashraf Ghani. Both the leaders will also hold talks on a range of issues including current situation in Afghanistan.

From Afghanistan, Modi will travel to energy-rich Qatar tomorrow itself and from there he will leave for a two day visit to Switzerland on Sunday.

Asked at a press briefing on PM’s visit whether the issue of black money will be raised by Modi during his talks with Swiss leaders, Foreign Secretary S Jaishankar said both the countries are in touch on the issue.

“We are in touch with the Swiss government under the DTAA (Double Taxation Avoidance Agreement) mandate and we have had some discussions on this and we have a few planned in the near future. We have received support from the Swiss authorities on exchange of information on tax data between the two countries.

“We do hope to engage as early as possible in the automatic exchange of information with Switzerland and this has been conveyed to Swiss tax authorities,” he said.

On India’s bid for NSG membership, Jaishankar said India has been eyeing membership of the premier group for many, many years and that it has made “lot of progress” on that.

“I think we have made lot of progress and that has led us to formally apply for the NSG membership some days ago. We are engaged with all NSG members regarding this issue and Switzerland is definitely an important member and definitely, I would expect it to come up,” he said.

India has formally applied for membership of the NSG on May 12.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top