Method and system for creating context based summary

A method and system for generating electronic data summary based on context and semantics of the document and its subsequent usage is disclosed. The method and system provides for generating a taxonomy of concepts, assigning unique-identifiers and weights to the taxonomy concepts using a given corpus of electronic data, using the taxonomy to identify the semantics of the document to be summarized, selecting text from a given document based on the weights of unique-identifiers in the taxonomy, generation of a list of semantic-structures and pruning of the list based upon an entropy threshold, generation of summary from the list of semantic-structures, generation of a topic summary from a given list of similar summaries, publishing of the summary in a known format, and usage of the summary to prevent denial of information.