<h1>Swiss Bank Holdings by Indians Drop by One-Third; Govt. Tackles Black Money with New Measures and International Cooperation.</h1> Recent reports indicate a significant decline in the amount of money held by Indians in Swiss banks, with a reduction of nearly one-third. Although these figures are official, they do not specifically quantify alleged black money. The government has implemented various measures to address black money issues, including establishing a Special Investigation Team, enacting the Black Money Act, forming a Multi-Agency Group, and enhancing international information exchange agreements. These efforts aim to improve enforcement, facilitate information sharing, and deter tax evasion through legislative and administrative actions, as well as international cooperation.