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Net Tax Mop-Up Slips 4% Due To Rise In Refunds
August 13, 2025
|The New Indian Express Bhubaneswar
NET tax collection by the mid-point of the second quarter of FY26 (till August 11) has contracted by 3.95% compared to the corresponding period last year, as per the latest data released by the Central Board of Direct Taxes (CBDT).
The CBDT figures reveal net tax collection by mid-Q2FY26 stood at ₹6.63 lakh crore, which was at ₹6.91 lakh crore as of August 11, 2024. The gross revenue saw a fall of 1.87%, as it went down from ₹8.14 lakh crore in the corres
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The New Indian Express Bhubaneswar
Dynastic politics a grave threat to democracy in India, says Tharoor
IN what could trigger a political storm within the Congress, senior leader Shashi Tharoor has come out against dynasty politics, terming it a grave threat to democracy.
1 min
November 04, 2025
The New Indian Express Bhubaneswar
K Vijaya Kumar appointed as CEO of IIMS
AS India embarks on an infrastructure and mining expansion, Innovative Infra & Mining Solutions (IIMS), part of the diversified CKA Birla Group, has appointed industry veteran K Vijaya Kumar as its new CEO.
1 min
November 04, 2025
The New Indian Express Bhubaneswar
Zubeen murdered, chargesheet by Dec 17, says Himanta
ASSAM Chief Minister Himanta Biswa Sarma said that Zubeen Garg's death was not accidental but a case of murder on Monday. “I won't call it an accident but murder.
1 min
November 04, 2025
The New Indian Express Bhubaneswar
₹1L cr fund to boost pvt investment in research
PRIME Minister Narendra Modi on Monday launched a ₹1 lakh crore Research, Development and Innovation Scheme for high-risk and high-impact projects, marking a significant shift in India's research sector.
2 mins
November 04, 2025
The New Indian Express Bhubaneswar
Rybakina rallies to beat Swiatek in WTA Finals
ELENA Rybakina recorded an impressive 3-6, 6-1, 6-0 victory over second-seeded Iga Swiatek in round-robin play at the WTA Finals in Riyadh on Monday.
1 min
November 04, 2025
The New Indian Express Bhubaneswar
ERADICATING POVERTY: A JOB NOT FULLY DONE
K ERALA has declared itself free of extreme poverty-a bold claim which, if true, marks a major milestone even for a state that takes pride in its human development achievements.
1 mins
November 04, 2025
The New Indian Express Bhubaneswar
Chief secys say sorry for not filing compliance report in stray dog case
THE chief secretaries of states and Union Territories have tendered an unconditional apology before the Supreme Court for not filing a compliance affidavit on the issue of the menace of stray dog bites.
1 min
November 04, 2025
The New Indian Express Bhubaneswar
India plans to bring eight cheetahs from Botswana
INDIA plans to bring another batch of eight cheetahs from Botswana by the third week of December that are currently under quarantine.
1 min
November 04, 2025
The New Indian Express Bhubaneswar
A LINGUISTIC GAME OF DEFINITIONS
OFTENTIMES definitions can limit you, imposing unnecessary constraints, enclosing things within the four corners of a narrow, arbitrary boundary that you set for yourself. Other times, they provide no real meaning as the thing defined may not mean anything by itself.
3 mins
November 04, 2025
The New Indian Express Bhubaneswar
SC rejects creditor's plea against Aakash rights issue
THE Supreme Court on Monday dismissed an appeal filed by US-based lender GLAS Trust Company LLC, a creditor of Think & Learn Pvt Ltd, parent company of BYJU’s, against the rights issue proposed by Aakash Educational Services Limited (AESL), clearing the way for the capital raise that will reduce Byju’s holding in the company from 25.75% to about 5%.
1 mins
November 04, 2025
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