Paving the way for India to get instant access to details on Indians with Swiss accounts, a key parliamentary panel in Switzerland has approved an automatic information exchange pact between the two countries. The Commission for Economic Affairs and Taxes of the Council of States - a key panel of the Swiss Parliament's Upper House - approved the proposed pact with India as also with 40 other countries, but suggested strengthening the provisions for individual legal claims.

The pact will provide continuous access to details about alleged black money hoarders