Top Headlines: Tax collections at Rs 13 trn; PSBs stare at Rs 13k crore-hit

In FY22, direct tax collections broke all records, touching Rs 13,81 trillion. Future Retail and Future Enterprises defaulted on loan repayments worth Rs 8,157.97 crore. More in our top headlines:

In FY22, direct tax collections broke all records, touching Rs 13,81 trillion. Future Retail and Future Enterprises defaulted on loan repayments worth Rs 8,157.97 crore. More on these in our top headlines:

Net direct tax collection rises 50% to record Rs 13.81 trillion in FY22

Direct taxes, comprising income tax and corporation tax, have broken all records and touched Rs 13.81 trillion in FY22. Collection jumped more than 49 per cent over that of the previous fiscal year, mainly due to a low base effect. In FY21, net collection stood at Rs 9.23 trillion. Read more
 

Future Retail, Future Enterprises