<h1>India and Switzerland Agree on Automatic Financial Info Exchange from 2018 to Combat Black Money.</h1> India and Switzerland signed a Joint Declaration on November 22, 2016, to implement the Automatic Exchange of Information (AEOI) starting in 2018. This initiative aims to facilitate reciprocal automatic exchange of financial account information, contingent on both jurisdictions having the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAC) in force and signing the Multilateral Competent Authority Agreement (MCAA). India has taken several steps to combat black money, including legislative measures, international agreements, and enhanced enforcement actions. These efforts include forming a Special Investigation Team, enacting the Black Money Act, and engaging in global tax compliance initiatives.