Odisha News Insight

Odisha achieves 10% growth in Revenue Collection in 2015-16

Revenue-Collections-OdishaBhubaneswar, 5th April, 2016: Odisha has achieved around 10% growth in revenue collection during 2015-16 over the financial year 2014-15. This has been discussed in a high level meeting on revenue collection held under the chairmanship of Chief Secretary Aditya Prasad Padhi in secretariat conference hall today wherein Development Commissioner and Additional Chief Secretary Finance R. Balakrishnan outlined the issues for discussion.

Reviewing the overall of revenue collection during 2015-16, Chief Secretary Padhi advised the major revenue earning departments to tap the untapped sources for enhancing the revenue collection. Steel & Mines department was advised to enhance the level of production within the permitted capacity of mining leases. Revenue & Disaster Management Department was also advised to initiate follow up action on the study report about stamp duty and registration fees.

The Development Commissioner Mr. Balakrishnan advised the revenue earning departments to use the IT platform for Focused Arrear Recovery Monitoring System (FARMS).  This would help the departments to monitor and augment arrear revenue collection.  The departments were also  asked to make full utilization of electronics mode for receipt of revenue. So far, this system has been enabled in commercial taxes, mining revenue, excise duty, electricity duty & inspection fees for captive consumption, motor vehicle tax and e-dharani. It was proposed to enable the system fully in stamp duty, land revenue, industrial water rate and forest royalty soon. This would help the tax payers in making payment of tax and also facilitate the departments to monitor the revenue flow & detect of the defaults.

Available data shows during 2014-15 the total own tax revenue collection was around 19,824.44 cr and non-tax revenue was around Rs.8070.87 cr making a total revenue flow of Rs.27, 899.31 cr. As per the tentative figures available, there has been around 10% growth in revenue collection during 2015-16. Chief Secretary Mr. Padhi directed the departments to adopt proactive revenue measures with a target of about Rs. 36,000 cr for the current financial year so as to support higher plan outlay and enhanced capital investment

Principal Secretary Steel & Mines R.K. Sharma, Principal Secretary water Resources Pradeep Kumar Jena, Principal Secretary Commerce & Transport Sanjaya Rastogi, Principal Secretary Excise S.P. Thakur, Commissioner Commercial Tax Saswat Mishra, Principal Secretary law Bibhu Prasad Routray, Special Secretary Finance Biraj Kumar Das, Joint  Secretary Finance Debendra Kumar Jena,  Deputy Secretary Finance Satya Praskash Rath along with other senior officers of respective departments participated in the discussions.

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