State plan budget utilisation in Odisha

Image
Press Trust of India Bhubaneswar
Last Updated : Nov 10 2016 | 11:32 PM IST
The State Plan budget utilization up to October has registred around 46 per cent of the budget provision which is an increase by 18.37 per cent compared to the utilization during 2015-16.
While reviewing the plan expenditure, chief secretary A P Padhi today directed department secretaries to put more public services online and develop mobile apps for public services notified under Odisha Right to Public Services Act so that citizens can easily apply from their own mobiles.
Padhi also advised the secretaries to finalize the facilitating and regulating policies that are under preparation within November 17.
The state government has put several investment attracting policies on table during last couple of months. Some of these policies include pharmaceutical investment policy, health sector investment policy, solar policy, bio-tech policy among others.
Around Rs 20,872 crore has been utilized under state plan up to October which is around 46 per cent of the total budget estimate, an official release said, adding that the utilization in agriculture and allied sectors has been around 49 per cent of the budget estimate which is Rs 5,393 crore in real terms.
The expenditure in agriculture and allied sector has increased by 5 per cent over the expenditure of last fiscal during the same period.
Similarly, the infrastructure spending has also gone up to around 56 per cent of the budget estimate marking a growth of around 2 per cent over the last year.
The utilization in this sector has been to the tune of Rs 6,043 crore in real terms up to October. Social sector spending has also touched Rs 8,373 crore marking an increase of around 4 per cent over the last year.
The total revenue collection up to October has been around Rs 15,153 crore. Padhi asked the revenue generating departments to scale up revenue collection to meet higher expenditure in infrastructure and agriculture sectors.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 10 2016 | 11:32 PM IST

Next Story