Of Black and White....

India is at the fifth position in the list of 160 countries affected by the outflow of black money.

G20 is finalizing counter measures to rein in these banks by March 2010

France will insist on entities not just refraining from putting money in these banks but also severing all links with them

Switzerland is said to store a third of the total offshore wealth of all countries & has promised to ratify tax treaties

It is also renegotiating the double taxation avoidance agreement with India which was signed in 1995