Mining revenue collection in Orissa has crossed Rs 1,000 crore in the first quarter (April-June period) of the current fiscal.
"The state's mining revenue collection has already crossed Rs 1,000 crore in the first quarter and a major chunk of it has come from the Joda mining circle in Keonjhar district. We are hopeful of meeting the mining revenue collection target of Rs 4,000 crore set for this fiscal”, a senior steel & mines department official told Business Standard.
It may be noted that in 2010-11, revenue from non-ferrous mining and metallurgical industries was the single biggest contributor at Rs 3,329.19 crore which was a spurt of 64.74 per cent over Rs 2,020.76 crore achieved in 2009-10.
The overall revenue collection, both tax and non-tax, by the end of June this year has been Rs 3,741 crore as against the targeted revenue collection of Rs 3,660 crore set for the period.
The state government is also hopeful of meeting the overall revenue collection of Rs 19,000 crore set for this fiscal. Of the target of Rs 19,000 crore, tax revenue is expected to be Rs 13,800 crore while non-tax revenue will account for Rs 5,200 crore.
It may be noted that the state government which clocked revenue of Rs 15,338.26 crore in 2010-11 registered a growth of 25.77 per cent over Rs 12,194.53 crore achieved in 2009-10.
While the state's tax revenue stood at Rs 11,169.30 crore compared to BE of Rs 10,360.03 crore, the non-tax revenue was Rs 4,168.96 crore as against the BE of Rs 13,526.01 crore.
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The tax revenue rose from Rs 8,982.33 crore in 2009-10 to Rs 11,169.30 crore in 2010-11, registering a growth of 24.34 per cent. Similarly, non-tax revenue in the same period surged by 29.78 per cent to reach Rs 4,168.96 crore by the end of 2010-11 compared to Rs 3,212.21 crore in 2009-10.
The state's overall revenue receipts, including tax revenue, non-tax revenue, share tax and grants from the Centre stood at Rs 32,514.65 crore which is a growth of 23.02 per cent over Rs 26,430.20 crore in 2009-10.
Within the fold of tax revenue, professional tax witnessed a marginal dip from Rs 135.55 crore to Rs 133.28 crore while land revenue grew from Rs 292.17 crore to Rs 390.66 crore, an increase of 33.7 per cent.
State excise collection rose from Rs 849.05 crore to Rs 1,094.26 crore whereas sales tax increased from Rs 5,408.76 crore to Rs 6,806.8 crore.
Other segments that contributed to the tax revenue base are stamps & registration (Rs 415.03 crore), taxes on vehicles (Rs 705.01 crore), entry tax (Rs 1,111.37 crore), taxes and duties on electricity (Rs 458.06 crore) and other taxes & duties (Rs 54.83 crore).