Odisha's mining revenue up 17% by August end

Sector buoyed by govt order to reopen over 30 mines post promulgation of Mines and Minerals (Development & Regulation) Amendment Act, 2015

After a sluggish beginning this fiscal, mining revenue has picked steam in Odisha in July and August, buoyed by government orders to reopen over 30 mines post the promulgation of the Mines and Minerals (Development & Regulation) Amendment Act, 2015.

Collection by way of mining royalty in the April-August period rose to Rs 1,836.75 crore, a growth of 17.41% over Rs 1564.45 crore logged in the corresponding period of 2014-15.

Revival of collection in mining revenue has also spurred growth in the state's non-tax revenue basket. Mining revenue is the single biggest contributor to the state's non-tax revenue kitty.

The overall non-tax revenue rose from Rs 8561.69 crore to Rs 10,935.12 crore, marking a rise of 27.72%.

 

Within the non-tax revenue base, industrial water rate rose 8.72% while irrigation water rate moved up by 5.08% in the period under review. Segments that showed declined in collection include forest and wildlife (-81.21%) and water supply & sanitation (-17.29%).

The state's own tax revenue surged 32.54% in the period, increasing from Rs 6,489.12 crore to Rs 8,600.91 crore, aided by higher collection from stamp duty & registration fees (including stamp duty on renewal of mining leases), land revenue, electricity duty, state excise and sales tax.

Collection from stamps & registration zoomed 587% from Rs 196.90 crore to Rs 1353.19 crore. Growth in land revenue was up 56.68% as it increased from Rs 142.29 crore to Rs 222.95 crore.

State Plan expenditure till the end of August stood at Rs 12,717.72 crore, 62% higher than the same period of previous fiscal and an achievement of 31.56% of the Budget estimates (BE). Infrastructure spending and social sector spending stood at 38.7% and 31% respectively of the BE.