neutral
1h agoIndia Posts Higher Direct Tax Collections Despite Dip in Forex Reserves
India’s net direct tax collection for FY26 reached Rs 12.92 lakh crore, marking a 7 percent increase so far this year. The rise reflected healthy corporate profitability and consistent withholding tax contributions. Meanwhile, foreign exchange reserves fell by $2.7 billion to $687.73 billion as of November 7, largely due to valuation adjustments and market operations.
Policymakers indicated that reserve levels remain comfortable despite weekly volatility. Market watchers expect tax momentum to stay firm barring major macro disruptions.
neutral
1h agoIndia Posts Higher Direct Tax Collections Despite Dip in Forex Reserves
India’s net direct tax collection for FY26 reached Rs 12.92 lakh crore, marking a 7 percent increase so far this year. The rise reflected healthy corporate profitability and consistent withholding tax contributions. Meanwhile, foreign exchange reserves fell by $2.7 billion to $687.73 billion as of November 7, largely due to valuation adjustments and market operations.
Policymakers indicated that reserve levels remain comfortable despite weekly volatility. Market watchers expect tax momentum to stay firm barring major macro disruptions.
about 2 hours ago
1 min read
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India’s net direct tax collection rose 7 percent to Rs 12.92 lakh crore, while forex reserves slipped $2.7 billion to $687.73 billion during the week ended November 7.
India’s net direct tax collection for FY26 reached Rs 12.92 lakh crore, marking a 7 percent increase so far this year. The rise reflected healthy corporate profitability and consistent withholding tax contributions. Meanwhile, foreign exchange reserves fell by $2.7 billion to $687.73 billion as of November 7, largely due to valuation adjustments and market operations.
Policymakers indicated that reserve levels remain comfortable despite weekly volatility. Market watchers expect tax momentum to stay firm barring major macro disruptions.
India’s net direct tax collection for FY26 reached Rs 12.92 lakh crore, marking a 7 percent increase so far this year. The rise reflected healthy corporate profitability and consistent withholding tax contributions. Meanwhile, foreign exchange reserves fell by $2.7 billion to $687.73 billion as of November 7, largely due to valuation adjustments and market operations.
Policymakers indicated that reserve levels remain comfortable despite weekly volatility. Market watchers expect tax momentum to stay firm barring major macro disruptions.
Tags:
economy
direct-tax
economy
direct-tax
forex-reserves
fiscal
Nov 14, 2025 • 14:00 IST