13-Apr-2023: Release of Direct Tax Statistics
The Central Board of Direct Taxes (CBDT) has been releasing key statistics relating to Direct Tax collections and administration in public domain from time to time. In continuation of its efforts to place more and more information in public domain, the CBDT has further released Time-Series data as updated upto F.Y. 2021-22.
The key highlights of some of these statistics are as under:
- Net Direct Tax Collections have increased by 121.18% from Rs. 6,38,596 crore in F.Y. 2013-14 to Rs. 14,12,422 crore in F.Y. 2021-22.
- Net Direct Tax Collections have increased by 160.17% from Rs. 6,38,596 crore in F.Y. 2013-14 to Rs. 16,61,428 crore (provisional) in F.Y. 2022-23.
- Gross Direct Tax Collections have increased by over 126.73% in F.Y. 2021-22, reaching a figure of Rs. 16,36,081 crore from Gross Direct Tax Collections of Rs. 7,21,604 crore in F.Y. 2013-14.
- Gross Direct Tax Collections have increased by over 172.83% in F.Y. 2022-23, reaching a figure of Rs. 19,68,780 crore (provisional) from Gross Direct Tax Collections of Rs. 7,21,604 crore in F.Y. 2013-14.
- Direct Tax Buoyancy at 2.52 in F.Y. 2021-22 is the highest Direct Tax Buoyancy recorded over last 15 years.
- Direct Tax to GDP ratio has increased from 5.62% in F.Y. 2013-14 to 5.97% in F.Y. 2021-22.
- The Cost of collection has decreased from 0.57% of total collection in the F.Y. 2013-14 to 0.53% of total collection in the F.Y. 2021-22.
The availability of the Time-Series data in public domain will be useful for academicians, research scholars, economists and the public at large in studying long-term trends of various indices of the effectiveness and efficiency of Direct Tax administration in India. This time series data is available at www.incometaxindia.gov.in.
11-Apr-2023: Unified Portal of Central Bureau of Narcotics Launched
The Unified Portal of the Central Bureau of Narcotics was launched by the Revenue Secretary Shri Sanjay Malhotra. The Central Bureau of Narcotics has taken measures to strengthen the vision of Digital India in the period of ‘Azadi ka Amrit Mahotsav’ by developing and unleashing the unified portal as one step solution for user industry to facilitate the licensing and ExIM authorizations issued by the Bureau.
The unified portal of Central Bureau of Narcotics will instill the efficiency, transparency and accountability in department users with twin objective to cater the need of pharma and chemical industry for synergistic growth of the drugs & pharma sector and boosting economy for “Aatma Nirbhar Bharat” and ensure availability of the “essential narcotic drugs” and medicines to the patients & their attendant families.
6-Apr-2023: EESL has installed more than 1.28 Cr. LED Street Lights across 29 States/UTs under Street Lighting National Programme
The Hon’ble Prime Minister on 5th January, 2015 launched Street Lighting National Programme (SLNP), which is being implemented by Energy Efficiency Services Limited (EESL), a joint venture company of Public Sector Undertakings (PSUs) of Ministry of Power to replace conventional Street Lights with smart and energy efficient LED Street Lights across India.
The programme is being implemented across the country.
Street Light National Programme (SLNP) is a voluntary programme. Under the programme, EESL had set an objective of converting an estimated number of 1.34 crores existing conventional Street Lights across all Urban Local Bodies (ULBs)/Gram Panchayats (GPs) of the country with energy efficient LED Street Lights in 5 years. For the same, EESL enters into agreement with ULBs/GPs directly or through the concerned State/UT Governments before replacement of Street Lights is taken up by EESL.
Being a voluntary programme, no specific targets have been set for SLNP. Till date, EESL has installed more than 1.28 Cr. LED Street Lights across 29 States/UTs.