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In 2015, the government enacted a new law - The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 to specifically address the menace of black money in foreign accounts. "In the process, it will be checked whether the state sand territories concerned effectively meet the requirements under the standard, especially those concerning confidentiality and data security. This move marks the end of Switzerland’s banking secrecy.

Black money in Swiss accounts has been a point of contention between India and Switzerland. These steps have included policy-level undertakings, enforcement of ground-level action, introduction of stringent legislative and administrative structures and usage of information technology.

The exchange of information will be carried out based on the Multilateral Competent Authority Agreement (MCAA) on the Automatic Exchange of Financial wholesale pvc tilt-turn window Account Information, which is in turn based on the international standard for the exchange of information developed by the Organisation for Economic Co-operation and Development (OECD).Switzerland’s ratification has emerged as a result of hectic parleys between India and Switzerland for introduction of the AEOI (Automatic Exchange of Information) on tax matters under the guidance of G20, OECD and other global organisations.In the past, India has taken several steps to sort out the issue of black money.India should now automatically be able to access transactions made by Indians with Swiss banks after September 2019 and information of accounts held by Indians residing in Switzerland for 2018 and subsequent years.

The Swiss Federal Council, which is the top governing body of the European nation, said the proposal to introduce AEOI with India and others was "met with widespread approval from the interested parties who voiced their opinions in the consultations".Mumbai: In a significant step towards tracing black money stashed in foreign bank accounts, Switzerland has ratified automatic exchange of financial account information with India.. "In concrete terms, the AEOI will be activated with each individual state or territory by means of a specific federal decree within the framework of this dispatch," it added.Switzerland has been regarded as the haven for black money hoarders from various countries including India. According to the Economic Times, the finance ministry had said there is no official account of the black money held by Indians in Swiss banks. The government collected Rs 2,476 crore through tax and penalty in such cases.Today’s decision is not subject to any referendum -- which implies there should be no further procedural delay in its implementation.The federal council said it will prepare a situation report before the first exchange of data, which is planned for autumn 2019. 648 declarations involving undisclosed foreign assets worth Rs 4,164 crore were made when the government gave a one-time three months compliance window

“This is funny, when I was in hostel, my roommate used to masturbate believing I was asleep.Our readers revealed some cringe-worthy but totally true stories and some of them are unbelievable.Stains on sheet:“I have had sex in my flatmates' room many times and he still wonders how there are stains on his sheets and I pretend to be surprised as well,” laughs Dhruv.

That's when he told me that those weren't balloons but condoms,” shares Karen. I know this because after their rocking night, the couple would just fling their used condoms out of their window, and it would wind up decorating the neighbouring building's wooden-aluminium window factory walls and shades. When it comes to some awkward and hilarious stories, nothing can beat mishaps that happened between the sheets. He was stunned and stood a few steps away from us.

I still tease him about it,” recalls Ansh Thaker (name changed). We saw each other and moved back to our respective rooms.She fell on her face:“We were playing badminton at a friend’s terrace and the shuttle went to neighbour’s rooftop.It happened in movie theatre:“Me and my boyfriend went for a movie and booked the corner seats in the top row. The couple got so embarrassed that the girl took a sprint and ended up falling on her face,” recalls Apoorva. It took him 10 seconds to decide his next move.Roommate sucks:“Walked into my room and found my flatmate having sex on my bed,” fumes Pratik. I had occupied the living room and eventually we became close buddies.

The poor guy said sorry and walked away.Really awkward: “Me and my guy were having sex in his apartment, his younger sister walked in and started asking, ‘Bhai what are you doing, don’t sit on her,” shares Namita (name changed). One fine day, I returned home from college and barged into their room to share some news and found them making out. We were making out, when an attendent walked over with the popcorn we had ordered and was left horrified.Naked friend:“My friend and his girlfriend came over to my place over night. Late at night, I came out of my room for a glass of water and I saw my friend standing butt naked. We jumped over to pick it, when we spotted a couple making out..Sexually active neighbours:“My neighbours enjoy an active sex life, all thanks to Mood condoms.Sister caught me using vibrator:“My sister caught me using vibrator twice and later at dinner told me which one she uses,” giggles Pariddhi.”Sex can be a lot of things — passionate, lusty, hot, kinky and not to forget, at times embarrassing.

I laughed out loud, while my boyfriend was left embarrassed and we left the movie midway,” says Akira (name changed)Makeout session:“I used to stay with a live-in couple, when I moved to Mumbai. Everyone has had at least one sex slip-up that they will remember forever. We three stared at each other and died laughing,” shares Rohit. As a kid, I didn't know what a condom looked like and remembered asking my brother 'why balloons were stuck on the walls'.People know:“This is funny, when I was in hostel, my roommate used to masturbate believing I was asleep,” exclaims Kevin