Signs of economic revival as UP revenue collection jumps 6.74% in August

After sluggish mop up in April and May, state earnings have been improved with revenue collection in July at Rs 10,675 crore, or 97% of the level achieved the same month a year ago

Indicating a robust revival of the economic activities in Uttar Pradesh post unlocking, the state government today announced 6.74 per cent growth in its revenue collection in August 2020 compared to the corresponding month the previous financial year.

Compared to a revenue kitty of about Rs 8,942 crore in August 2019, the collection in August 2020 breached the level of Rs 9,545 crore, nearly Rs 600 crore higher, UP finance minister Suresh Khanna said addressing the media here this afternoon.

After sluggish revenue collection in the initial lockdown months, particularly April and May 2020, the state earnings have been witnessing improvement with