Business

The ratings agency said the Indian economy continues to demonstrate resilience despite the energy shock arising from the conflict in West Asia, supported by a strong growth outlook and sound external financing fundamentals.

India’s direct tax collections have surged impressively, seeing an increase of over twenty-three percent. As of August 10, gross direct tax collections reached a staggering Rs 9.55 lakh crore. The bulk of these collections stemmed from non-corporate tax receipts, while both corporate tax collections and Securities Transaction Tax experienced notable year-on-year growth. Nevertheless, government-issued refunds