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Odisha’s revenue jumps by 33%

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Mining royalty, vehicle taxes show highest increase till July end this fiscal

Odisha’s revenue collection has jumped by 33% to ₹13,015 crore till July end this fiscal compared to ₹9,807 crore during the corresponding period last year.

The revenue from the State's own tax sources during the current fiscal has grown by 27% with total collection of ₹9,536 crore, and the revenue from non-tax sources has grown by 51% with a total collection of ₹3,479 crore, according to a statement issued by the State government.

“The revenue generation from mining royalty and vehicle taxes has shown highest increase of around 72% and 42% respectively. The total collection from mining royalty has been around ₹3,039 crore against last year’s collection of ₹1,769 crore till July end. Similarly, the revenue collection from vehicle tax has grown from ₹404 crore to ₹571 crore during the same period,” it said

Fund collection

As far as the District Mineral Fund collection is concerned, Odisha has generated ₹5,013 crore up to July. “So far, 8,163 projects in the sectors of physical infrastructure, irrigation, energy, watershed, afforestation and others have been sanctioned under the fund. Around ₹3,047 crore has already been allotted against these projects,” a government source said.

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Printable version | Dec 14, 2019 7:30:03 PM | https://www.thehindu.com/news/national/other-states/odishas-revenue-jumps-by-33/article24668120.ece

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