India and Switzerland have taken a "few good steps" in their talks on exchanging information on black money account holders, Swiss Minister of Finance Eveline Widmer Schlumpf told NDTV in an exclusive interview right after her meeting with Finance Minister Arun Jaitley.

Here to showcase India as an investment destination at the World Economic Forum (WEF), Finance Minister Arun Jaitley on Wednesday promised India has a "lot in the pipeline" for global investors even as he plans to take up with Switzerland the issue of black money stashed in banks there.

The Organization of the Petroleum Exporting Countries (OPEC) defended on Wednesday its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that the cartel's policy could lead to a huge supply shortage as investments dry up.