New Delhi, Jun 20 (UNI) India has signed pacts with 80 countries for automatic exchange of information and is now receiving information about all those who have stashed black money abroad, President Ram Nath Kovind said on Thursday.
The President in an address to the joint sitting of both the Houses of Parliament said, 'The 'Fugitive and Economic Offenders Act' has proved effective in controlling fugitive economic offenders. Now we are receiving information in this regard from 146 countries, including Switzerland.'
"Of these, we have concluded agreements with 80 countries for automatic exchange of information. We are now receiving information about all those who have stashed black money abroad,' Mr Kovind said.