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August 26, 2026
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India market expansion guides Nestle 's volume-led growth, export-hub development and long-term investment without compromising product quality.
Nestle 's India strategy focuses on volume-led growth, wider consumer reach, portfolio development, efficiency improvements and sustained long-term investment. Growth is intended to combine increased household penetration with pricing, premiumisation, affordability and value offerings. India is also intended to develop further as a production and export hub for global markets, supported by manufacturing capacity and expanding overseas supplies. Product quality and consumer interests remain constraints on the pace of expansion.
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August 26, 2026
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Credit lifecycle consistency requires facility-specific treatment so UPI-linked credit records, repayments and customer obligations remain aligned.
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August 26, 2026
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Non-revolving credit lines require term-loan structures supporting multiple drawdowns without replenishing sanctioned limits for NBFC lending products.
Proposed restrictions on revolving credit facilities for most NBFCs would generally require credit products to operate as term loans, rather than facilities in which principal repayment automatically restores the available borrowing limit. Compliance may require technology capable of managing multiple drawdowns within an approved sanction, separate repayment schedules, amortisation and servicing workflows, while preventing repaid principal from replenishing the sanctioned limit.
August 26, 2026
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Reciprocal trade tariffs intensify as negotiations confront market access, cultural protections, industrial safeguards, and sovereignty concerns.
US-Canada tariff escalation involves reciprocal import duties following failed negotiations over market access and trade in dairy, alcoholic beverages, automobiles, steel, aluminium and softwood lumber. United States tariff action relies on a rarely used trade-law power permitting duties against countries considered to discriminate against American businesses, without a prior investigation or stated time limit. Negotiations also raised concerns about protection of major industries, cultural protections and Canada's freedom to conclude trade agreements with other countries.
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Diaspora engagement supports skilled mobility, investment links, remittances, and citizen welfare while encouraging compliance with local laws.
Indian diaspora engagement in Japan supports bilateral goodwill, business links, investment opportunities and people-to-people ties. Skilled Indian professionals are encouraged to understand local requirements, learn Japanese language and culture, and pursue opportunities in healthcare, trades, engineering, artificial intelligence, accountancy and maritime work. Diaspora members are also encouraged to maintain connections with India, contribute through digital education and knowledge-sharing, and comply with local laws and regulations. Remittances and government support for citizens' welfare, safety and crisis assistance abroad are recognised as important aspects of diaspora engagement.
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Semiconductor and AI cooperation advances through industry engagement, investment facilitation, and accelerated economic partnership review.
India-Japan cooperation in semiconductors and artificial intelligence is being strengthened through industry engagement, investment facilitation, technology partnerships and an economic-security-oriented framework. India's semiconductor strategy covers chip design, machinery and materials, fabrication, ATMP/OSAT, research, and talent development, supported by Semicon India initiatives. Bilateral engagement also seeks to address industry concerns, expand manufacturing and innovation partnerships, and accelerate review of the Comprehensive Economic Partnership Agreement to reflect emerging economic opportunities.
August 26, 2026
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Virtual trader engagement platform strengthens weekly grievance feedback, policy information sharing, and institutional dialogue between government and trading communities.
The Virtual Conference Interaction Meetings provide a weekly, accessible forum for retail traders to engage with the Government, receive information on relevant schemes, policies and reforms, and submit grievances and suggestions. The platform enables recurring concerns to be identified and communicated to concerned Ministries and Departments for consideration and redressal. It seeks to strengthen institutionalised dialogue, feedback, transparency, trust and cooperation between the Government and the trader community.
August 26, 2026
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Competition clearance for full acquisition permits Cyient to acquire Tao Digital Solutions, a global digital transformation and technology services provider.
Competition Commission of India approved Cyient Limited's acquisition of 100% of Tao Digital Solutions Inc.'s share capital from its existing shareholders. The full share capital acquisition transfers complete ownership of Tao Digital Solutions to Cyient. Tao Digital Solutions provides global digital transformation and technology services, including product engineering, managed services, cybersecurity, payments, digitization and AI, cloud services, and data services, and operates in India through its wholly owned subsidiary, Tao Digital India Private Limited.
August 26, 2026
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Competition clearance for full coal-sector acquisition addresses limited Indian market links through metallurgical and thermal coal sales.
Competition approval covers Yancoal Australia Limited's acquisition of 100% equity interest and warrants in Kestrel Coal Group Pty Ltd. The target holds an 80% interest in the Kestrel Joint Venture, which operates a Queensland coal mine producing principally metallurgical coal and a smaller volume of thermal coal. Neither the acquirer nor the target has a physical presence in India. Their Indian nexus is limited to coal exports and the joint venture's sales of metallurgical coal into India.
August 25, 2026
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Customs classification of unassembled vehicle imports requires fresh hearing after reserved tax challenge was released without verdict.
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Retaliatory tariffs on imported goods escalate trade measures, targeting key sectors while maintaining support for affected domestic businesses.
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August 25, 2026
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Foreign-exchange market conditions supported rupee appreciation against the US dollar, driven by stronger domestic equity markets, a weaker US dollar and lower crude oil prices. The USD/INR pair remained broadly range-bound, with oil-price movements and Reserve Bank intervention identified as key near-term influences. The special USD-INR foreign-exchange swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings mobilised substantial foreign-exchange inflows.
August 25, 2026
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Section 301 tariffs may have lower impact where major exports remain outside their scope amid resilient domestic demand.
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August 25, 2026
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BIS certification exemptions may be structured for high-tech manufacturers to ensure timely equipment imports and support domestic manufacturing operations.
Mandatory Bureau of Indian Standards (BIS) certification requirements for equipment and components used by high-technology manufacturers may be addressed through a proposed exemption framework. Possible exemptions may be structured at the company, industry, product, project or bulk level to support timely availability of imported equipment, goods and services for manufacturing operations. The approach is directed at high-technology industries generally, particularly semiconductor and artificial intelligence sectors, while addressing delays associated with mandatory certification and complex procedures for specialised imported parts and equipment.
August 25, 2026
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Corporate social responsibility should prioritise measurable community outcomes, transparency, capable implementing agencies, and strategic integration with sustainability objectives.
Corporate social responsibility should prioritise measurable community outcomes rather than expenditure alone. Effective CSR depends on community-responsive design, capable implementing agencies, rigorous monitoring, social audits, and transparent use of technology and data. Public sector enterprises may use thematic priorities, convergence with government programmes, and institutional collaboration to replace isolated interventions with strategic CSR. CSR capacity building encompasses legal and regulatory frameworks, governance, project planning, impact assessment, reporting, ESG and the Social Stock Exchange.
August 25, 2026
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Regional rural bank performance highlights improved profitability, asset quality, priority-sector lending, financial inclusion, and digital banking expansion.
Regional Rural Banks achieved prescribed priority-sector lending targets and sub-targets, expanded financial inclusion through new Pradhan Mantri Jan Dhan Yojana accounts, and recorded improvement in profitability, asset quality, and credit-deposit ratio. Digital banking adoption is to be accelerated to improve operational efficiency, customer experience, and banking access in rural and remote areas. Sponsor Banks are expected to strengthen information-technology infrastructure and support increased area-specific credit flows and innovative lending.
August 25, 2026
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Ethanol-blended fuel policy faces calls for consumer-focused review amid sugar supply pressures and older-vehicle compatibility concerns.
Consumer-focused review of the ethanol-blended fuel policy is sought because higher ethanol diversion may affect domestic sugar availability and prices, potentially requiring sugar imports that could reduce claimed foreign-exchange savings from lower petroleum imports. The review should address ethanol and sugar production, domestic prices, imports, and consumer, environmental and economic concerns. Availability of lower-blend fuel alongside E20 is advocated for owners of older vehicles, with consumer choice between E10 and E20 supporting a comprehensive reassessment.
August 25, 2026
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Economic resilience remains supported by domestic demand, manufacturing, liquidity and capital inflows despite external trade and geopolitical risks.
Economic resilience is attributed to buoyant domestic demand, sustained manufacturing and services activity, and double-digit merchandise trade growth. Improved southwest monsoon conditions supported kharif sowing and partly reduced agricultural risks, although geopolitical frictions and fresh United States tariffs remained external risks. Supply-side pressures raised consumer price inflation, while stable core inflation indicated limited cost pass-through. Easing liquidity, credit growth, investment activity and rebounding foreign capital inflows supported financial and external-sector conditions.
August 25, 2026
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Sugar price controls combine raw sugar imports, stockholding limits, and export restrictions to curb retail inflation.
Sugar market intervention combines permitted imports of raw sugar, stockholding limits for dealers and bulk consumers, and an existing export ban to address sharp increases in retail and wholesale prices. Limits on inventories held by trade participants and large industrial consumers are intended to curb speculation and hoarding. Although ex-mill rates declined after the import decision and anti-hoarding measures, the reduction had not yet translated fully into retail prices. The measures seek to supplement domestic availability and restrain practices that may intensify consumer-price increases.

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Income Tax Department Time Series Data Financial Year 2000-01 to 2014-15

May 2, 2016

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Income Tax Department

Time Series Data

Financial Year 2000-01 to 2014-15

Contents

Overview

1.1       Direct Tax Collection

1.2       State and U.T. Wise Break-Up of Collection

1.3       Contribution of Direct Taxes to Total Tax Revenue

1.4       Direct-Tax GDP Ratio

1.5       Pre-Assessment and Post-Assessment Collections

1.6       Cost of Collection

1.7       Number of Effective Assessees

1.8       Workload and Disposal of Income tax Cases

Overview

Actual figures based on internal reporting/ MIS of the Income Tax Department or figures reported by Controller General of Accounts or data published by other Government agencies, as the case may be.

1.1 Direct Tax Collection

(Rs. in crore)

Financial Year

Corporate Tax

Personal Income Tax@

Other Direct Tax

Total

2000-01

35696

31764

845

68305

2001-02

36609

32004

585

69198

2002-03

46172

36866

50

83088

2003-04

63562

41386

140

105088

2004-05

82680

49268

823

132771

2005-06

101277

63689

250

165216

2006-07

144318

85623

240

230181

2007-08

193561

120429

340

314330

2008-09

213395

120034

389

333818

2009-10

244725

132833

505

378063

2010-11

298688

146258

1049

445995

2011-12

322816

170181

990

493987

2012-13

356326

201840

823

558989

2013-14

394678

242888

1030

638596

2014-15

428925

265772

1095

695792

2015-16*

454419

286801

1075

742295

Source: Union Finance Accounts of respective years and reports of C&AG.

* Provisional/ Unaudited

@ Figures under Personal Income Tax include collections of Securities Transaction Tax.

1.2          State and U.T. Wise Break-Up of Collection

(Rs. in crore)

Financial Year

2008-09

 

2009-10

 

2010-11

 

2011-12

 

2012-13

 

2013-14

 

2014-15

 

States/UT

Andhra Pradesh

17494.9

18716.7

23133.4

25180.0

29947.7

32296.1

29769.01

Arunachal Pradesh

28.0

57.2

70.1

87.6

84.0

111.8

17.19

Assam

1447.1

2565.6

2937.8

3742.8

4564.0

4486.8

3658.69

Bihar

1719.3

1997.8

2581.1

3058.4

3806.7

4491.6

4425.75

Jharkhand

1060.0

1388.6

1691.4

1977.7

2497.9

3482.7

1344.70

Goa

3029.8

3624.1

4886.3

4583.9

2600.4

2100.3

2820.02

Gujarat

12577.3

15001.2

17017.0

20961.7

25196.1

28783.9

35912.46

Haryana

5360.0

6365.6

9212.6

11168.0

13788.0

16778.6

12638.80

Himachal Pradesh

796.7

795.3

894.1

942.5

1267.6

1622.4

2042.42

Jammu Kashmir

574.0

671.4

711.6

869.9

1160.7

1459.1

1284.22

Karnataka

27311.2

29220.9

35824.8

40956.0

49047.8

59769.8

60595.22

Kerala

3719.8

4618.7

5493.2

6810.0

8524.4

10155.6

11909.69

Madhya Pradesh

4589.9

5380.2

6756.4

8729.9

11226.3

13486.6

14262.57

Chhatisgarh

1286.7

1608.4

1882.3

1987.1

2281.9

3067.9

1286.86

Maharashtra

131168.5

145507.6

174968.6

177363.3

202128.9

229494.9

277720.11

Manipur

21.2

27.7

44.1

38.4

55.4

79.2

53.31

Meghalaya

219.4

281.3

367.0

406.3

474.0

577.3

292.75

Mizoram

6.5

9.0

6.9

9.2

12.6

17.8

39.79

Nagaland

9.9

15.8

19.3

20.7

30.4

35.1

30.36

Delhi

54705.0

59621.7

64208.1

68410.5

79137.1

88140.4

91247.90

Odisha

4639.9

5126.9

6172.7

7014.4

8630.5

9394.2

9871.25

Punjab

3350.1

3760.0

5019.2

6181.6

6977.0

7783.6

7072.98

Rajasthan

4666.2

5516.2

5813.3

7689.2

9951.9

11246.5

13146.11

Sikkim

29.2

50.7

48.2

64.4

199.5

205.4

323.88

Tamil Nadu

20651.1

24265.1

28409.5

28327.5

33051.3

42681.3

44732.62

Telangana

 

 

439.46

Tripura

58.5

87.2

100.5

142.2

166.3

218.7

138.91

Uttar Pradesh

14453.0

15905.0

19850.5

20130.3

25745.6

25886.5

27159.83

Uttrakhand

731.1

1086.6

1080.0

1255.7

1591.9

1941.9

1750.63

West Bengal

13557.5

15862.3

19458.0

20592.0

24462.9

26900.7

27793.48

Total

329261.6

369134.8

438657.8

468701.1

548608.8

626696.6

683780.97

 

 

 

 

 

 

 

 

Union Territories

 

 

 

 

 

 

 

Andaman Nicobar

24.9

32.3

36.8

44.2

50.1

52.8

93.37

Chandigarh

812.1

948.4

1201.2

1373.1

1776.2

1874.8

1922.65

Daman and Diu

97.8

92.3

97.2

120.0

146.7

158.2

188.63

Dadar N. Haveli

71.6

79.5

84.7

91.6

110.5

245.6

290.20

Puducherry

158.3

215.8

222.1

260.4

356.8

425.0

385.89

Lakshadweep

0.9

0.9

1.8

5.8

6.9

10.3

2.84

Total

1165.5

1369.2

1643.8

1895.1

2447.3

2766.6

2883.58

C.T.D.S. (SYS -II)

3390.9

7350.2

6632.0

4832.0

7929.3

9125.7

9124.29

Grand Total

33818.0

377854.1

446933.9

475428.2

558985.4

638588.9

695788.85

Source: Pr. CCA CBDT.

1.3 Contribution of Direct Taxes to Total Tax Revenue

(Rs. in crore)

Financial Year

Direct Taxes

Indirect Taxes

Total Taxes

Direct Tax As % Of Total Taxes

2000-01

68305

119814

188119

36.31%

2001-02

69198

117318

186516

37.10%

2002-03

83088

132608

215696

38.52%

2003-04

105088

148608

253696

41.42%

2004-05

132771

170936

303707

43.72%

2005-06

165216

199348

364564

45.32%

2006-07

230181

241538

471719

48.80%

2007-08

314330

279031

593361

52.97%

2008-09

333818

269433

603251

55.34%

2009-10

378063

243939

622002

60.78%

2010-11

445995

343716

789711

56.48%

2011-12

493987

390953

884940

55.82%

2012-13

558989

472915

1031904

54.17%

2013-14

638596

495347

1133943

56.32%

2014-15

695792

543215

1239007

56.16%

2015-16*

742295

711885

1454180

51.05%

* Provisional

1.4 Direct-Tax GDP Ratio

(Rs. in crore)

Financial year

Net Collection of Direct Taxes

GDP Current Market Price

Direct Tax GDP Ratio

GDP Growth Rate

Tax Growth Rate

Buoyancy Factor

2000-01

68305

2102376

3.25%

7.7%

17.85%

2.32

2001-02

69198

2281058

3.03%

8.5%

1.31%

0.15

2002-03

83088

2458084

3.38%

7.76%

20.07%

2.59

2003-04

105088

2754621

3.81%

12.06%

26.48%

2.19

2004-05

132771

3242209

4.1%

17.7%

26.34%

1.49

2005-06

165216

3693369

4.47%

13.92%

24.44%

1.76

2006-07

230181

4294706

5.36%

16.28%

39.32%

2.42

2007-08

314330

4987090

6.3%

16.12%

35.56%

2.27

2008-09

333818

5630063

5.93%

12.89%

6.20%

0.48

2009-10

378063

6457352

5.85%

14.69%

13.25%

0.90

2010-11

445995

7674148

5.81%

18.84%

17.97%

0.95

2011-12

493987

9009722

5.48%

17.4%

10.76%

0.62

2012-13

558989

10113281

5.53%

12.25%

13.16%

1.07

2013-14

638596

11355073

5.62%

12.28%

14.24%

1.16

2014-15

695792

12541208

5.55%

10.45%

8.96%

0.86

2015-16*

742295

@ 13567192

5.47%

8.18%

6.68%

0.82

* Provisional

@ Advance Estimates as per Press Release dated 08.02.2016 of MOSPI.

1.5 Pre-Assessment and Post-Assessment Collections

(Rs. in crore)

Financial Year

TDS

Adv. Tax

Self-Assessment Tax

Regular Assessment Tax

Other Receipts

Total Gross Direct Tax Receipts#

2000-01

28213

32614

5841

8121

5420

80209

2001-02

32672

34094

5479

9492

4094

85831

2002-03

36568

49158

6414

10745

2184

105069

2003-04

42955

58713

9852

16015

3150

130685

2004-05

43972

90034

10043

6006

10406

160461

2005-06

58606

87084

11618

22112

7875

187294

2006-07

70689

121227

13825

30396

20495

256632

2007-08

105047

158673

21375

25970

43792

354858

2008-09

128230

143332

30779

21337

49237

372915

2009-10

145736

173417

32507

33274

50229

435163

2010-11

168669

212538

36887

51838

43966

513898

2011-12

198679

251526

27648

51512

50134

579499

2012-13

210654

275794

39470

62418

48596

636932

2013-14

248547

292522

44123

72528

63884

721604

2014-15

259106

326525

52050

80189

81589

799459

2015-16*

315131

356601

66417

68737

57834

864720

Source: Reports of C&AG of different years.

* Provisional (Source: OLTAS)

# Gross Tax Receipts without reducing refunds.

1.6 Cost of Collection

(Rs. in crore)

Financial Year

Total Collections

Total Expenditure

Cost of Collection

2000-01

68305

929

1.36%

2001-02

69198

933

1.35%

2002-03

83088

984

1.18%

2003-04

105088

1050

1.00%

2004-05

132771

1138

0.86%

2005-06

165216

1194

0.72%

2006-07

230181

1349

0.59%

2007-08

314330

1687

0.54%

2008-09

333818

2248

0.67%

2009-10

378063

2726

0.72%

2010-11

445995

2698

0.60%

2011-12

493987

2976

0.60%

2012-13

558989

3283

0.59%

2013-14

638596

3641

0.57%

2014-15

695792

4101

0.59%

2015-16*

742295

4593

0.62%

* Provisional

1.7 Number of Effective Assessees

PAN Category

AY 2011-12

AY 2012-13

AY 2013-14

AY 2014-15**

Association of Person

110230

124010

138098

142192

Body of Individuals

5392

5688

6052

6221

Company

596377

654766

702621

714419

Firm

950147

995648

1038309

1031457

Government

62

94

159

294

Hindu Undivided Family

892205

931387

956233

907047

Artificial Juridical Person

9896

9897

10039

9649

Local Authority

5056

5459

5935

6807

Individual

40883558

44346852

49033288

48663680

Trust

184563

193781

202590

192056

Total*

43637486

47267582

52093324

***51673822

 

* The data is based on the number of income-tax returns entered in the System plus number of cases where tax has been deducted at source from the income of the taxpayer but the taxpayers has not filed the return of income.

** Provisional

*** Returns for AY 2014-15 can be filed till 31.03.2016.

1.8 Workload and Disposal of Income tax Cases

Financial Year

Number Of Assessments

Workload

Disposal

2000-01

32728373

19381487

2001-02

35818050

20665323

2002-03

39176300

35151111

2003-04

27683421

21886738

2004-05

30747645

23448806

2005-06

33934874

24058871

2006-07

38128779

26139210

2007-08

40192130

21848016

2008-09

48280589

24339003

2009-10

52158000

28246000

2010-11

50654983

29625794

2011-12

39667836

28318427

2012-13

24886015

16530537

2013-14

30456681

19924496

2014-15

31786402

21677399

Topics

Acts Income Tax