Odisha's revenue collection grows by 24% till February

With the Odisha government collecting Rs 31,251 crore during the 2017-18 financial year, the revenue collection of the state government has increased by 24 per cent till February over the last year, said an official.

This was revealed at an all-secretaries meeting held under the chairmanship of Chief Secretary A.P. Padhi here on Wednesday.

The revenue generation from own-tax sources has increased around 29 per cent over last year till February-end.

The total collection from own-tax sources up to February has reached around Rs 24,568 crore against the total collection of Rs 19,099 crore during same period of 2017, said the official.

Similarly, the revenue generation from non-tax sources has recorded an increase of around 9 per cent with total collection of Rs 6,683 crore against the last years' collection of Rs 6,157 crore.

"This growth excludes the GST compensation amount of Rs 1,326 crore," said Finance secretary Tuhin Kanta Pandey.

Beating the slowdown in world market, the revenue generation from mining sector up to February, has grown around 39 per cent over the last year.

Steel and Mines secretary Raj Kumar Sharma appraised that total collection from mining royalty by the end of February was around Rs 5,246 crore against that of Rs 3,783 crore during the same period of last year.

The total dispatch of iron ore from the mining sites up to first week of March was around 120.63 million ton against the total dispatch of around 112 million ton during 2017, he added.

Similarly, the total production of iron ore up to March first week of current year has been around 99 million ton against the total production of 97 million ton during the same period of last year.

Total programme expenditure up to February of current financial year has increased to Rs 41,236 crore thereby recording a growth of around 11 per cent in comparison to the same period of the 2016-17 financial year.

The total programme utilisation up to February 2017 was around Rs 37,143 crore, said Pandey.

The spending on social sector has grown by more than 20 per cent and with total expenditure of Rs, 18,621 crore and the spending on infrastructure has grown by 2 per cent and with total utilisation of around Rs 10,148 crore.

Similarly, utilisation under agriculture and allied sector have grown up to Rs 9,257 crore.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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