Odisha Records 29% Growth In Revenue Collection In 1st Quarter

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Bhubaneswar, July 11 : Odisha has recorded around 29 per cent growth in revenue collection in the first quarter of the 2018-19 financial year, an official said on Wednesday.

The total revenue generation has grown around 29 per cent with a total collection of Rs 8,928 crore by the end of June 2018-19 against the corresponding period of last year.

The revenue generation by June in the last fiscal year 2017-18 was around Rs 6,936 crore, the official said.

The revenue from own tax sources during the current fiscal has grown by 22.25 per cent with total collection of Rs 6,445.52 crore and the revenue from non-tax sources has grown by 49.16 per cent with a total collection of Rs 2, 482.34 crore.

The state's fiscal performance has shown an upward trend by the end of the 1st quarter of the current fiscal year in both its indicators of budget utilization and revenue generation.

This was known from an all secretaries meeting held under the chairmanship of Chief Secretary Aditya Prasad Padhi here on Wednesday.

Padhi directed the departments to focus on formulation, sanction and implementation of more need based projects under the District Monetary Fund (DMF) along with the budgeted projects.

The state government has set a target to make online pension paper submission and sanction mandatory from August 2018. Presently, both the online and offline systems are in operation.

Source : https://www.newkerala.com/news/read/20367/odisha-records-29-growth-in-revenue-collection-in-1st-quarter.html

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