Odisha News Insight

Odisha records 28 Percent Growth in Revenue Generation

indirect taxBhubaneswar, Sep 2: State has achieved revenue generation growth of around 33% from its own tax sources. This has been discussed in the all secretary meeting held under the Chairmanship of Chief Secretary Sri Gokul Chandra Pati in secretariat conference hall today. Presenting the updated position, Additional chief Secretary, Finance Sri R. Balakrishnan said that during current financial  year of 2015-16 the revenue  generation from  own tax sources has been Rs 8600.91 cr. by end of August,2015 recording a growth of 32.54% over the  last year.

Similarly, the revenue collection from non-tax sources has been more than Rs. 2334 cr. showing a growth of around 13% over the last year during the same period. The overall revenue generation from both these sources have been Rs. 10,935 cr. by end of August recording a growth of around 28% over the last year. Corresponding the growth in revenue generation, the State Plan Expenditure has also shown a growth of around 65% during the current fiscal by end of August.

While appreciating the efforts of revenue earning and spending departments, Chief Secretary Sri Pati  advised the Principal Secretaries and Secretaries of various departments to strengthen monitoring and supervision at filed level and fasten the process of implementation of the developmental projects in a time bound manner.

The directors of various departments have been asked to take up more number of field visits and give regular feed back to Govt. Chief Secretary also advised the departments to take up interdepartmental coordinated activities in implementation of the flagship programmes  like Housing for all, IPR,2015, Ease of doing business in Odisha and smart city etc. The Development Commissioner Sri U.N. Behera, Additional Chief Secretary to Chief Minister Sri Adiyta Prsad Padhi  along with Principal Secretaries and Secretaries of all departments participated in deliberations.

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