Bhubaneswar: The robust tax collections from the mining sector has pushed the overall revenue collection in the state to Rs 31,252 crore uptill February 28, 2018, clocking a growth rate of 24% over the same period last fiscal.
The Odisha mining sector is performing well this fiscal buckling the world trend. A collections of Rs 5,246 crore is an increase by 39% as compared to collections of Rs3,782 crore during the same period last year.
The state steel & mines principal secretary, RK Sharma, said that the total dispatch of iron ore from the mining sites up to first week of March was around 120.63 million ton against the total dispatch of around 112 million ton during 2017, he added. Similarly, the total production of iron ore up to March first week of current year has been around 99 million ton against the total production of 97 million ton during the same period of last year.
The chief secretary, AP Padhi, Wednesday reviewed the revenue position of the state.
The state finance principal secretary, TK Pandey, informed the meeting that the state’s own-tax collections has increased by 29% over last year till February-end. The total collection up to February has reached around Rs 24,568 crore against the total collection of Rs 19,099 crore during same period of 2017. He clarified that the collection is excluded the GST compensation amount of Rs 1,326 crore.
Similarly, the non-tax collections has recorded an increase of around 9% with total collection of Rs 6,683 crore against the last years’ collection of Rs 6,157 crore.
The state’s programme expenditure up to February 2018 has increased to Rs 41,236 crore thereby recording a growth of around 11 per cent in comparison to the same period of the last fiscal. The total programme utilisation up to February 2017 was around Rs 37,143 crore. The expenditure for agriculture and allied sector has been Rs 9,257 crore.The social sector spending has reached Rs18,621 crore, up by 20% . The spending on infrastructure has been Rs 10,148 crore, up by 2% over the spending of the last fiscal.
