Net direct tax collection surges after reduction of corporate tax rates: Minister

IANS | August 4, 2025 2:24 PM

New Delhi, Aug 4 (IANS) The net direct tax collection saw strong growth in FY25 at Rs 22,26,375 crore, a 13.48 per cent year-on-year growth, as there has been an overall increase in collections after reduction of the corporate tax rates with effect from Assessment year (AY) 2020-21, the Parliament was informed on Monday.

India set to gain bigger share in global output in coming decades: Report

IANS | August 4, 2025 2:11 PM

Mumbai, Aug 4 (IANS) India is likely to capture a larger share of global output in the coming decades, supported by strong foundational factors such as robust population growth, a functioning democracy, macro stability-focused policies, improved infrastructure, a growing entrepreneurial class, and better social outcomes, a new report said on Monday.

Indian rupee strengthens against US dollar

IANS | August 4, 2025 10:59 AM

Mumbai, Aug 4 (IANS) The Indian rupee strengthened to 87.22 against the US dollar at open on Monday following a volatile week after continued FII selling and US President Donald Trump's 25 per cent tariff announcement on the country.