Revenue Growth Pegged at 9.6 pc

Odisha has achieved around 10 per cent growth in revenue collection in 2015-16 over the previous financial year.

Published: 06th April 2016 07:18 AM  |   Last Updated: 06th April 2016 07:25 AM   |  A+A-

BHUBANESWAR: The State has achieved around 10 per cent growth in revenue collection in 2015-16 over the previous financial year.

Presenting the State’s fiscal position at a high level meeting chaired by Chief Secretary AP Padhi, Additional Chief Secretary, Finance R Balakrishnan said the available data shows that the revenue growth in the last fiscal will be about 9.69 per cent.

The total revenue collection during 2014-15 was Rs 27,889 crore. Collection from its own taxes was Rs 19,824.44 cr and non-tax revenue around Rs 8070.87 crore.

There has been a modest growth in the revenue collection of the State during the last few years. The State’s tax and non-tax revenue in 2013-14 was Rs 25,093.87 crore, a growth of 8.57 per cent over 2012-13 as tax collection.

Revenue.JPGSetting a revenue collection target of Rs 36,000 crore for the current fiscal, the Chief Secretary directed major revenue earning departments to achieve it so as to support higher plan outlay and enhanced capital investment. The Chief Secretary advised the departments to tap the untapped sources for enhancing the revenue collection. Steel and Mines department was asked to enhance mineral production within the permitted capacity of mining leases.

Revenue and Disaster Management Department was also advised to initiate follow up action on the study report about stamp duty and registration fees - another major source of revenue.

Balakrishnan advised the revenue earning departments to use the IT platform Focused Arrear Recovery Monitoring System (FARMS). This will help the departments monitor and augment arrear revenue collection, he said.

He further advised the departments to make full utilisation of electronics mode for receipt of revenue. So far, this system has been enabled in commercial taxes, mining revenue, excise duty, electricity duty, motor vehicle tax and e-dharani. It was proposed to enable the system fully in collection of stamp duty, land revenue, industrial water cess and forest royalty shortly.

Steel and Mines Secretary RK Sharma, Water Resources Secretary Pradip Kumar Jena, Commerce and Transport Secretary Sanjaya Rastogi, Excise Secretary SP Thakur, Commissioner Commercial Tax Saswat Mishra, Law Secretary Bibhu Prasad Routray, Special Secretary Finance Biraj Kumar Das and other senior officers of these departments participated in the discussion.

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