India's Direct Tax Collections Surge 15.6% to ₹27 Lakh Crore in FY 2024-25

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India's direct tax collections have showcased remarkable resilience and strength, growing by 15.59% in the financial year 2024-25 , according to data released by the Central Board of Direct Taxes (CBDT) . The gross direct tax mop-up rose to ₹27.02 lakh crore , up from ₹23.38 lakh crore recorded in FY 2023-24. Key Highlights of the Tax Collections Corporate Tax collections grew from ₹11.31 lakh crore to ₹12.72 lakh crore . Non-Corporate Tax collections surged from ₹11.68 lakh crore to ₹13.73 lakh crore . Securities Transaction Tax (STT) receipts witnessed an impressive jump from ₹34,192 crore to ₹53,296 crore . Wealth tax and other minor direct taxes saw a dip from ₹4,068 crore to ₹3,366 crore . After adjusting for refunds (which increased by 26.04% to ₹4.76 lakh crore ), the net direct tax collections stood at ₹22.26 lakh crore , reflecting a healthy 13.57% growth compared to last year’s ₹19.60 lakh crore. This strong performance indicates a buoyan...

India Suspends Indus Waters Treaty in Strong Response to Pahalgam Terror Attack


In a bold and historic move following the deadly Pahalgam terror attack, India has officially suspended the Indus Waters Treaty of 1960 with Pakistan. The decision, confirmed at a high-level Cabinet Committee on Security (CCS) meeting chaired by Prime Minister Narendra Modi, marks a significant escalation in diplomatic and strategic pressure on Pakistan.

What Prompted the Decision?

On April 22, a heinous terrorist attack in Pahalgam, Jammu & Kashmir, claimed the lives of 26 civilians, including a Nepali national. The attack, attributed to Pakistan-based terror outfits, prompted an emergency CCS meeting attended by top leadership—Home Minister Amit Shah, Defence Minister Rajnath Singh, and External Affairs Minister S. Jaishankar.

Key Announcements from the CCS Meeting

  • Suspension of Indus Waters Treaty: India formally notified Pakistan of this suspension under Article XII (3) of the treaty, citing Pakistan's sustained support for cross-border terrorism.

  • Closure of Integrated Check Post at Attari: Effective immediately, all crossings are restricted. Valid travelers have until May 1, 2025, to return.

  • Curtailment of Diplomatic Presence: Defence, Military, Naval, and Air Advisors in the Pakistani High Commission have been declared persona non grata and must leave within a week.

  • SAARC Visa Exemption Withdrawn: Pakistan nationals will no longer be allowed entry under the SAARC Visa Exemption Scheme. Existing SPES visas have been canceled.

India’s Stand on Treaty Revisions

India emphasized that "fundamental changes in population demographics, need for clean energy, and national security" necessitate a revision of the treaty. It accused Pakistan of violating treaty terms by promoting terrorism and refusing bilateral negotiations despite repeated calls.

Background on the Indus Waters Treaty

Signed in 1960, brokered by the World Bank, the treaty regulates water sharing of six rivers between India and Pakistan. India controls Ravi, Beas, and Sutlej, while Pakistan controls Indus, Jhelum, and Chenab. Despite wars and political tensions, the treaty remained intact for over six decades—until now.

Moving Forward: Jal Shakti Minister Leads Implementation

Union Jal Shakti Minister CR Patil chaired several follow-up meetings to expedite implementation, signaling India's intent to redefine water diplomacy as part of its national security strategy.


📌 Key Takeaway: India has taken a firm stand—security and sovereignty will not be compromised. The suspension of the Indus Waters Treaty is a strategic signal, not just to Pakistan but to the world, about India's evolving geopolitical posture in the face of continued aggression.



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