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.

MOIL achieves highest-ever July manganese ore production

IANS | August 4, 2025 10:31 AM

New Delhi, Aug 4 (IANS) Government-owned MOIL has achieved manganese ore production of 1.45 lakh tonnes in July, marking an impressive growth of 12 per cent over the corresponding period last year (CPLY), despite adverse weather conditions, it was announced on Monday.