https://www.businesstoday.in/personal-finance/tax/story/indias-direct-tax-collection-for-fy2025-fiscal-hits-target-with-17-growth-473701-2025-04-25 Direct tax collection for FY2025 fiscal hits target with 17% growth
India's provisional net direct tax collections for 2024-25 reached Rs 11,82,875 crore, marking a 17% growth over the previous year, and achieving 100.78% of the budget target.
'A 40% IPL tax could build 10 IITs': Bengaluru professor questions India’s vision priorities https://www.businesstoday.in/latest/economy/story/a-40-ipl-tax-could-build-10-iits-bengaluru-professor-questions-indias-vision-priorities-473764-2025-04-27 In IPL 2023 alone, BCCI reported a ₹5,120 crore surplus, with revenues touching ₹11,770 crore, mainly powered by media rights. With projected revenues for 2024 and 2025 reaching ₹12,000–₹13,500 crore annually, the scale is only growing. Professor Mayank Shrivastava from IISc Bengaluru points out that if a simple 40% tax were applied just on BCCI’s IPL profits, nearly ₹15,000 crores could have been raised over three years—enough to fund 10 new IITs or create a national deep-tech innovation corpus. "Add franchise profits (₹800–₹1,200 crore/year), and another ₹320–₹480 crores could be collected annually. In total, nearly ₹6,000 crores per year could be redirected into research, just from the IPL ecosystem," he writes.