Odisha records above 23 per cent growth in own tax revenue

Notwithstanding the slow growth of economy, Odisha has registered more than 23 per cent growth in the own tax revenue collection by the end of November, 2015 in comparison to the corresponding period during 2014, official sources said.
Similarly, the state's plan expenditure has also grown by 26 per cent during the period in comparison to the last fiscal.
This was the outcome of the secretary level meeting held here under the chairmanship of Chief Secretary A P Padhi.
Presenting the updates of the revenue position, Development Commissioner and Additional Chief Secretary Finance R Balakrishnan said that own tax revenue up to November, 2015 is satisfactory. "There has been higher collection from stamp duty and registration fees, renewal of mining leases, land revenue, electricity duty and State excise," he said.

The total collection from own tax sources by November, 2015 has been Rs 13,483.79 crore against a collection of Rs 10,932.92 crore in 2014 thereby recording a growth of 23.25 per cent, he said.
Similarly, the total collection from non-tax sources has been Rs 4371 crore by November, 2015 with a growth of around 10 per cent over the corresponding period of last year.

Total State plan expenditure by November, 2015 has been Rs 20001.32 crore which is around 26 per cent more than the expenditure made by November, 2014, he said.
The utilization of budget in infrastructure sector has been to the tune of Rs 5163 crore upto November, 2015 which is around 52 per cent of the budget estimate.

The utilization in social sectors like Education, Health, ST and SC development, Labor welfare, Panchayati Raj, Women & Child Welfare, Employment Training & Technical Education has been around Rs 9616 crore which is around 55 per cent of the budget estimate.
The expenditure in infrastructure and social sector has exceeded 8 per cent and 7 per cent respectively over the corresponding period of last financial year.
Similarly, expenditure in agriculture and allied sectors has been to the tune of Rs 3859 crore showing a growth of 2.35 per cent over the last year.
"Emphasis has been laid on collection of arrear revenue and completion of incomplete projects. The departments have also been asked to submit plan and non-plan budget requirement for 2016-17 by December 15 to the Planning and Coordination department," Balakrishnan said.