The Orissa government has overshot the revenue generation target in the first quarter (April-June period) of the current financial year.
As against the targeted revenue collection of Rs 3,660 crore, the actual revenue collection, both tax and non-tax, during this period has been Rs 3,741 crore, said a senior official of the state finance department.
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 generation is expected to be Rs 13,800 crore while non-tax revenue is pegged at Rs 5,200 crore. In the non-tax revenue bracket, the state expects to mop up around Rs 4,000 crore of mining revenue.
Chief Minister Naveen Patnaik recently reviewed the status of revenue collection in the state. Patnaik emphasized on the need for strengthening the system of online payments in different departments.
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 11169.30 crore compared to BE (budget estimate) 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).
In the non-tax revenue bracket, revenue from non-ferrous mining and metallurgical industries was the single biggest contributor at Rs 3,329.19 crore which is a spurt of 64.74 per cent over Rs 2,020.76 crore achieved in 2009-10.
The state government also collected non-tax revenue from interest (Rs 37.67 crore), dividend (Rs 101.58 crore), education (Rs 25.65 crore), water supply & sanitation (Rs 53.73 crore), forest and wildlife (Rs 154.63 crore), major and medium irrigation (Rs 133.76 crore) and others (Rs 291.84 crore).