Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    Explainer: MoSPI releases new GDP series with base year 2022-23
    Judge who discharged Arvind Kejriwal in excise-policy case dealt with several key matters in past
    NABARD projects priority sector credit potential of Rs 4.99 lakh cr for K'taka in FY 2026-27
    Congress received money from CIA, KGB when Indira Gandhi was at helm: BJP
    FY27 GDP growth revised upwards to 7-7.4 pc, economy to cross USD 4 trn mark: CEA
    India's GDP to grow 7.6 pc in FY26 after revamp of calculation framework
    Anil Ambani skips appearance before ED in PMLA case
    New GDP series projects higher growth rate at 7.6 pc in FY26, 7.8 pc in Oct-Dec
    India's forex reserves drop USD 2.119 bn to USD 723.608 bn
    Monthly review of accounts of Government of India upto January 2026 (FY 2025-26)
    Indian NRIs Are Quietly Redirecting Wealth to Gift City — Moving Away From Singapore and Mauritius Structures
    Excise case: Court says procedure allowing indefinite jail term can degenerate into punitive process
    Watching developments in US; joint statement on trade deal provides for rebalancing: Goyal
    Key Payroll & Compliance Changes Indian Employers Should Prepare for in 2026
    Reforms by Manmohan Singh helped take India on 30-year economic growth: Angela Merkel
    Goyal meets US Comm Secretary Lutnick, discusses trade and economic partnership
    ED grills Anil Ambani for 9 hours; calls him again on Friday
    Creditors can pursue simultaneous insolvency proceedings against both debtors, guarantors
    ED files prosecution sanction against P Chidambaram to expedite trial in 2 PMLA cases
    First Round of India–Israel FTA Talks Concludes Successfully in New Delhi.
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
February 27, 2026
Show AI Summary
Base year revision updates GDP measurement using new data and methods to better capture household and digital economy activity.
The government implemented a revised national accounts series with a new base year revision to update GDP measurement using contemporary data sources and methods. The revision addresses pandemic and tax system disruptions, will be extended into back series under the new methodology, and incorporates administrative and survey data to improve household sector measurement, private corporate allocation and new economy sectors, plus methodological shifts such as segregation of multi activity corporations and adoption of double deflation where appropriate.
February 27, 2026
Show AI Summary
Prima-facie evidence assessment dictates whether complex corruption prosecutions can be sustained on available investigative material.
Prima-facie assessment of available evidence was central to the judge's review of the excise-policy prosecution: the court found the prosecution's material lacked concrete proof and relied on conjecture, and accordingly declined to sustain charges against the accused. The judge's prior decisions emphasize insistence on statutory preconditions for money laundering allegations and close scrutiny of magistrate and summons orders.
February 27, 2026
Show AI Summary
Priority sector credit projections guide bank annual plans, prioritising agriculture, MSME lending and rural infrastructure financing.
Projection of priority sector credit potential quantifies exploitable lending needs across agriculture, MSME and other priority segments for the State, with agriculture accounting for the largest share and MSME receiving substantial allocation. Component estimates include crop and term loans, ancillary activities, housing, education, export credit, social infrastructure, renewable energy and agri infrastructure. The assessment is a consultative planning tool to guide banks' Annual Credit Plans and district credit strategies, signalling increased credit absorption capacity and alignment with sectoral priorities and infrastructure requirements to support rural resilience and enterprise development.
February 27, 2026
Show AI Summary
Foreign influence allegations challenge political credibility as historic funding and security ties are used to rebut trade criticism.
Allegations claim the Congress accepted funds from the CIA and KGB during Indira Gandhi's tenure, producing policy effects such as an exchange-rate adjustment favoring Soviet imports and the decision not to pursue a proposed covert operation against a foreign nuclear facility; these claims are presented to rebut current criticisms of an interim bilateral trade framework by portraying past governance as compromised by foreign influence.
February 27, 2026
Show AI Summary
GDP growth projection revised upward; nominal growth strong and economy expected to expand markedly next fiscal year.
GDP growth for the next fiscal year has been revised upward and nominal GDP outlook strengthened, with officials forecasting the economy will cross the four trillion dollar threshold. The upward revision follows a national accounts base-year update to 2022-23 that integrates new data sources and methodological changes to reflect structural shifts, and it alters nominal GDP levels with consequential effects on fiscal-deficit ratios while leaving key fiscal indicators like primary and revenue deficits and capital expenditure ratios broadly unchanged.
February 27, 2026
Show AI Summary
GDP calculation revamp raises official growth estimate and restructures sectoral measurement, affecting fiscal and policy benchmarks.
A methodological overhaul adopting a 2022-23 base year revises GDP computation by introducing double deflation for manufacturing and agriculture, replacing single deflation, and shifting household estimation to regular surveys. The new series integrates administrative sources (GST, PFMS, vehicle data) to better capture informal and fast growing sectors, producing upward revisions to headline real and nominal growth rates, altering sectoral contributions-notably manufacturing and services-and changing fiscal deficit and policy benchmarks that require recalibration of prior forecasts.
February 27, 2026
Show AI Summary
Money laundering probe under PMLA progresses as ED seeks statements and attaches assets amid linked bank fraud allegations.
PMLA investigation alleges bank loan fraud by group companies; the ED sought to record the principal individual's statement in a Yes Bank-linked money laundering case but he did not appear and his spouse sought adjournment. The ED has previously questioned the individual, conducted extended interrogation, attached a Mumbai residence under anti-money laundering law, filed multiple money laundering cases against group entities, and formed a Special Investigation Team to probe related instances. A parallel agency registered a fresh criminal case and conducted searches concerning alleged cheating of a public sector bank.
February 27, 2026
Show AI Summary
Base-year revision of GDP raises growth estimates and updates methodology using tax and administrative data.
The national accounts have been rebased to 2022-23 and revised by incorporating GST, PFMS and vehicular-registration data to refine GDP measurement. The methodology now uses double deflation for manufacturing and agriculture, more granular deflators elsewhere, and compiles household-sector levels from annual enterprise and labour-force surveys instead of inter-survey proxies, producing revised quarterly and annual real and nominal GDP estimates and altered growth profiles across recent periods.
February 27, 2026
Show AI Summary
Foreign exchange reserves dip, driven by declines in currency assets, gold holdings, SDRs and IMF reserve position.
India's foreign exchange reserves fell by USD 2.119 billion for the week ended February 20, lowering total reserves to USD 723.608 billion. The decline was driven by decreases in foreign currency assets (down USD 1.039 billion to USD 572.564 billion), gold reserves (down USD 977 million to USD 127.489 billion), Special Drawing Rights (down USD 84 million to USD 18.84 billion), and the reserve position with the IMF (down USD 18 million to USD 4.716 billion).
February 27, 2026
Show AI Summary
Fiscal receipts and expenditure review reports major tax receipts, state tax devolution and primary outlays through January.
Consolidated monthly accounts to January 2026 report Centre receipts at 79.5% of revised estimates-mainly Tax Revenue with Non Tax and Non Debt Capital Receipts-and an increased transfer to States as Devolution of Share of Taxes. Total expenditure is 74.3% of estimates, split between Revenue and Capital Expenditure, with Interest Payments and Major Subsidies forming the principal components of Revenue Expenditure.
February 27, 2026
Show AI Summary
DTAA narrowing prompts NRIs to move from traditional offshore structures to IFSCA regulated Gift City USD fund structures.
Tightening of treaty shopping rules under foreign exchange regulation, expanded beneficial ownership disclosure and increased tax authority scrutiny have eroded the cost benefit of Singapore and Mauritius structures, prompting NRIs to consider IFSCA regulated Gift City USD denominated funds. Gift City offers open ended equity funds, Category II AIFs with multi year lock ins and Category III AIFs for active equity strategies; advisers emphasise modelling embedded gains, consulting tax advisors on DTAA applicability, and assessing currency risk, liquidity profiles and the distinction between MOIC and IRR before restructuring.
February 27, 2026
Show AI Summary
Pre-trial detention under the PMLA risks indefinite incarceration unless predicate offences and proceeds are judicially established.
The PMLA should not be deployed to permit coercive arrest and prolonged pre-trial detention based on provisional allegations before the foundational facts of the predicate offence and the status of alleged proceeds of crime are judicially established; provisional attachment may be justified to preserve investigation, but arrest and onerous bail conditions must not operate mechanically absent a crystallised, judicially cognisable predicate offence, and statutory powers must be harmonised with constitutional safeguards protecting personal liberty.
February 27, 2026
Show AI Summary
Tariff rebalancing: joint statement allows modification of commitments if tariff changes affect the bilateral trade pact.
The joint statement accompanying the interim bilateral trade agreement provides for tariff rebalancing, permitting either party to modify its commitments if the other changes agreed tariff measures, thereby preserving reciprocal balance. This mechanism functions as an operative safeguard to adjust negotiated tariff concessions in response to unilateral tariff actions while the parties finalise the legal text.
February 27, 2026
Show AI Summary
Basic salary threshold changes require employers to restructure pay and update payroll systems under new laws.
New labour codes and the Income Tax Act 2025 require employers to reconfigure compensation structures so Basic Pay meets the prescribed threshold, increasing provident fund, social security, gratuity and leave liabilities; update payroll systems and TDS reporting to new rules and forms; effect prompt final wage settlement on separation via automated HRMS workflows; maintain fully digitized statutory records for real time inspections; and extend proportionate statutory benefits to fixed term employees, prompting reassessment of project and seasonal workforce liabilities.
February 26, 2026
Show AI Summary
Free trade agreement strengthens market access and builds on earlier economic reforms enabling sustained growth potential.
Economic reforms liberalised foreign exchange, dismantled bureaucratic restrictions and opened the Indian market to foreign investors, stabilising public finances and enabling prolonged economic growth. The recently concluded free trade agreement with the European Union is presented as a further deepening of market integration that builds on those reforms and enhances bilateral market access.
February 26, 2026
Show AI Summary
Executive tariff authority struck down; bilateral trade negotiations paused pending legal text to implement tariff reductions.
Presidential tariff authority was found invalid, prompting immediate temporary tariff adjustments and delaying bilateral trade negotiations because the interim framework reducing duties must be converted into a legally binding text before implementation. Chief negotiators' meetings were postponed pending clarity on tariff legality and future orders, and India indicated it will resume talks once tariff treatment is clarified.
February 26, 2026
Show AI Summary
Money laundering probe prompts extended questioning and attachment of assets in alleged bank fraud matter.
Allegations of large scale bank fraud and resultant money laundering underpin the probe: extended questioning under the Prevention of Money Laundering Act concerns alleged diversion of funds through foreign subsidiaries and offshore entities tied to a group company. Investigative measures include constitution of a specialized investigation team, attachment of assets under anti money laundering provisions, searches, arrests of former executives, and parallel criminal case registrations alleging bank cheating in separate loan transactions.
February 26, 2026
Show AI Summary
Simultaneous insolvency proceedings allowed against principal debtor and guarantor, enabling creditors to pursue parallel recovery routes.
There is no statutory bar under the Insolvency and Bankruptcy Code to initiating concurrent CIRP proceedings against a principal debtor and its corporate guarantor for the same debt; a creditor's right to realize a guarantee must not be frustrated by requiring sequential insolvency processes, the IBC does not exempt guarantors during pendency of another process, and adjudicating authorities must examine such applications independently, consistent with the principle that a surety's liability is co-extensive with the principal debtor.
February 26, 2026
Show AI Summary
Prosecution sanction requirement in PMLA cases accelerates trial after agency files requisite approvals before the special court.
Enforcement Directorate placed competent prosecution sanction and an equivalent CrPC sanction order before the Special PMLA Court to remedy procedural defects identified by the Supreme Court and to expedite trial in two money laundering prosecutions arising from the Aircel Maxis and INX Media matters. The agency's action validates earlier ED chargesheets and aims to overcome delays caused by challenges to PMLA sanction requirements.
February 26, 2026
Show AI Summary
Free Trade Agreement negotiations between India and Israel progress, covering goods, services, rules of origin, and digital trade.
Negotiations commenced under a signed Terms of Reference to establish a structured framework for an ambitious Free Trade Agreement between India and Israel, with the first round of talks addressing core chapters-trade in goods and services, rules of origin, sanitary and phytosanitary measures, technical barriers, customs procedures, intellectual property rights and digital trade-and agreeing continued virtual engagements and a further in person round in Israel.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters
News and Press Release

Annual Survey of Unincorporated Sector Enterprises (ASUSE) Results for 2025 (Survey period: January 2025 to December 2025)

March 24, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Snapshot:

  • The estimated number of establishments increased from 7.34 crore in ASUSE 2023–24 (October 2023–September 2024) to 7.92 crore during in ASUSE 2025 (January–December 2025), reflecting a growth of about 7.97 per cent during the period.
  • Employment in the sector grew by 6.18%, with more than 74.52 lakh new jobs being added during the period.
  • Gross value Added (GVA) also grew by 10.87% (at current price) during this period over ASUSE 2023-24. This growth has been primarily driven by 16.77% growth in trade sector followed by 8.52% growth in manufacturing and 7.36% growth in other services sectors.
  •  The emolument per hired worker increased by 3.88% in 2025 compared to the previous ASUSE 2023-24, signalling improvements in wage levels.
  • Women-owned proprietary establishments remained substantial at 27%, up from 26.2% in the previous round (ASUSE 2023-24).
  • The share of establishments using internet increased significantly from 26.7% in ASUSE 2023–24 to 39.4% in ASUSE 2025, highlighting the growing digital integration of the sector.

The Ministry of Statistics and Programme Implementation (MoSPI) has released the results of Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2025 for the reference period January, 2025 - December, 2025 referred to as ASUSE 2025 in this press note. A brief overview of the survey in terms of coverage, sampling strategy, data collection mechanism, etc., is provided in the Endnote.

The unincorporated non-agricultural sector is an important pillar of the Indian economy, contributing significantly to employment generation and Gross Domestic Product (GDP). The sector sustains livelihoods for millions of people and supports the production and distribution of goods and services across the country. By complementing the activities of the incorporated sector and strengthening domestic value chains, it plays a crucial role in the overall socio-economic development of the country.

The Annual Survey of Unincorporated Sector Enterprises (ASUSE) is conducted with the primary objective of measuring the economic and operational characteristics of unincorporated non-agricultural establishments engaged in manufacturing, trade and other services sectors (excluding construction). The survey collects information on key economic indicators such as number of workers, Gross Value Added (GVA), emoluments paid, fixed assets owned and outstanding loans, along with operational characteristics such as type of ownership, nature of operation, registration status and use of Information and Communication Technology (ICT).

The survey data serves as an important input for policymaking, supporting compilation of National Accounts Statistics, and meets the information needs of Ministries such as Micro, Small and Medium Enterprises (MSME), Textiles, etc., while enabling stakeholders to make informed decisions.

Key highlights from the ASUSE 2025 results:

The ASUSE 2025 results highlight a steady expansion of the unincorporated non-agricultural sector reflected in growth in establishments, employment, and productivity, indicating the sector's resilience and sustained momentum.

Growth in Establishments, Gross Value Added and Productivity Metrics:

The total number of establishments in the sector increased substantially from 7.34 crore in ASUSE 2023-24 (Oct 23 – Sept 24) to 7.92 crore in ASUSE 2025 (Jan 25 -Dec 25), representing a healthy 7.97% growth. Among the broad sectors covered, the number of establishments in the "Other Services’ sector recorded a robust growth of 10.29% followed by a 6.48% increase witnessed by the Manufacturing sector and 6.18% by Trade sector. This increase reflects broad-based expansion across sectors and highlights the steady growth of the unincorporated non-agricultural sector.

During the same period, the Gross Value Added (GVA) which is a key indicator of economic performance rose by 10.87% driven by 16.77% growth in trade sector followed by 8.52% growth in manufacturing and 7.36% growth in other services sectors. Among the broad sectors, however, other services sector had the highest share in GVA (42%) followed by trade (37%) and manufacturing (21%).

Gross Value Added (GVA) per worker which is a measure of labour productivity of the sector, rose to Rs. 1,56,539 in 2025 from. Rs. 1,49,742 in 2023-24 in current prices showing a 4.54% increase. During the same period, the Gross Value Added (GVA) per establishment also increased from Rs. 2,45,687 to  Rs. 2,52,699.

Strong Labour Market Performance

The sector employed about 12.81 crore workers during January-December 2025, adding more than 74.52 lakh jobs from 2023-24 (Oct 23 – Sept 24) reflecting robust labour market expansion. Among the broad activities, "Other Services" sector showed the highest growth of 7.40% generating about 35 lakh new employment.

Women-Led Enterprises Rise as Worker Earnings Improve

The percentage of female-owned proprietary establishments increased marginally from 26.2 per cent in 2023–24 to 27.0 per cent in ASUSE 2025 pointing to an encouraging trend in women-led enterprises.

The emolument per hired worker increased by 3.88% in 2025 compared to the previous ASUSE 2023-24, signalling improvements in wage levels. The highest increase in this metric was observed in trade sector which recorded a growth of about 8.5%.

Better Digital Penetration

Percentage of establishments using internet has also grown significantly from 26.7% in 2023-24 to 39.4% in ASUSE 2025. This substantial growth reflects a strong trend toward digital adoption among establishments, highlighting the increasing reliance on the internet for business operations.

Fig 4: Key Operational Indicators

Percentage of Establishments using Internet

ASUSE 2023-24

ASUSE 2025

Percentage of Female Owned Proprietary Establishments

ASUSE 2023-24

ASUSE 2025

Annual estimates of key indicators (value figures in current price), of ASUSE 2022-23, ASUSE 2023-24 and ASUSE 2025 are given in Table 1 below. The annual estimates for ASUSE 2025 for the broad activity categories are provided in the factsheet which is available in the website of the Ministry (https://www.mospi.gov.in). Further, interactive tables and visualizations on ASUSE results may be accessed on the Data Catalogue section of https://esankhyiki.mospi.gov.in/. Report of ASUSE 2025 as well as unit level data will be released in April, 2026 with detailed insights from the survey.

Table 1: Key indicators of ASUSE 2022-23, ASUSE 2023-24 and ASUSE 2025

all-India

Indicator

ASUSE 2022-23

(October,2022 – September, 2023)

ASUSE 2023-24

(October,2023 – September, 2024)

ASUSE 2025 (January, 2025 – December, 2025)

(1)

(2)

(3)

(4)

Number of Establishments (in ’00)

6,50,484

7,33,995

7,92,465

Number of Workers (in ’00)

10,96,260

12,05,998

12,80,518

Gross Value Added (Rs. Crore)*

15,42,409

17,97,278

19,92,577

GVA per establishment*(Rs.)

2,38,168

2,45,687

       2,52,699

GVA per worker* (Rs.)

1,41,769

1,49,742

       1,56,539

Emolument per Hired Worker (Rs.)

         1,24,842

1,41,071

       1,46,550

           *pertaining to market establishments

Endnote: A brief about the coverage, sampling scheme, sample size and data collection mechanism in the Annual Survey of Unincorporated Sector Enterprises (ASUSE):

A. Coverage of ASUSE:

A.1. Geographically, ASUSE covers the rural and urban areas of whole of India (except the villages in Andaman and Nicobar Islands, which are difficult to access).

A.2. Sector-wise, this survey captures unincorporated non-agricultural establishments belonging to three sectors viz., Manufacturing, Trade and Other Services.

A.3. Ownership-wise, unincorporated non-agricultural establishments pertaining to proprietorship, partnership (excluding Limited Liability Partnerships), co-operatives, societies/trusts etc. have been covered in ASUSE.

B. Sampling Scheme:

The survey has been conducted following a multi-stage stratified sampling scheme, where first stage units (FSUs) are census villages in rural area (except for rural Kerala, where Panchayat wards have been taken as FSUs) and UFS (Urban Frame Survey) blocks in urban areas.  The ultimate stage units (USUs) are establishments for both the sectors. In the case of large FSUs, one intermediate stage of sampling has been done in the form of hamlet groups in rural and sub-blocks in urban. 

The sampling design of ASUSE 2025 has been revised to enable quarterly selection of sample units. To facilitate this shift, the sample size has been increased by approximately 1.5 times over the previous survey. This improvement also makes it possible to produce quarterly estimates in addition to annual results. By adopting districts within a state as the basic strata, the design also allows participating states to generate annual estimates at the district level.

C. Sample Size:

In ASUSE 2025, data were collected from a total of 6,70,289 establishments (2,94,144 in rural and 3,76,145 in urban) pertaining to 24,153 surveyed FSUs (10,219 in rural and 13,934 in urban).

D. Data Collection Mechanism:

ASUSE 2025 has been conducted based on area frame and establishments have been listed in the selected FSUs of both rural and urban sector. Mostly, data were collected from the selected establishments through oral enquiry pertaining to the ‘monthly’ reference period barring a few big establishments, which had provided annual data from their audited Books of Accounts. The data for the survey were collected in tablet using Computer Assisted Personal Interviewing (CAPI).

E. Know your Survey- ASUSE:

The Factsheet of ASUSE 2025 (January, 2025 – December, 2025) is available on the website of the Ministry (https://www.mospi.gov.in)

Scan QR code to access MoSPI Publications/ Reports

 

For more detailed understanding of the objectives, coverage, concepts, methodology and data quality practices of ASUSE in a simple, transparent, user-friendly language, one may refer to the Know Your Survey: A User Guide to the Annual Survey of Unincorporated Sector Enterprises (ASUSE) published by NSO, MOSPI and available on the website of the ministry (https://www.mospi.gov.in).

****

Topics

Acts Income Tax