LOGJAM BETWEEN IOCL AND ODISHA GOVERNMENT RELEASED  UNION MINISTER PETROLEUM & NATURAL GAS DHARMENDRA PRADHAN TOOK LEAD ROLE IN SORTING OUT ISSUES  CHIEF MINISTER NAVEEN PATNAIK AND PETROLEUM MINISTER DHARMENDRA PRADHAN HELD DISCUSSIONS EARLIER ON 18 AUGUST  CHIEF SECRETARY A P PADHI AND UNION PETROLEUM SECRETARY K D TRIPATHY HELD CONSULTATIONS ON FRIDAY EVENING  ODISHA GOVERNMENT WILL ALLOW 15 YEARS TAX RELIEF TO IOCL  IOCL WILL GET 700 CRORE LOAN FOR 15 YEAR BEGNNING FROM 2016 -2017  OUT OF 2200 CRORE ODISHA WILL GET 1500 CRORE FROM VAT  

Bigger Target For Revenue

Looking at the huge demand for resources, the Chief Secretary A P Padhi has kept an ambitious target Rs.36,740 Crore revenue collection during 2017-18.
 
While the state is passing through tough time due to slowdown of central funds and sluggishness of market, generation of more revenue is uppermost mind of the State Administration in order to avoid more market borrowings.
 
So with the beginning of the Fiscal, Chief Secretary Mr.Padhi has urged the revenue generating departments to gear up for collection of more revenue as there is resource crunch to take up developmental and infrastructure projects.
 
Mr.Padhi while talking to the Secretaries has made it clear that on both Tax and Non Tax revenue collection front no laxity will be tolerated and specific targets have been assigned for every quarters of the Fiscal, said sources.
 
While Tax Revenue collection target for 2017-18 is fixed at Rs.27,200 Crore, VAT collection target has been pegged at Rs.15,900 Crore.
 
Excise Revenue collection is aimed at Rs.3600 Crore, which seems to be on higher side as due to recent orders of the Supreme Court of India, 1167 liquor shops have been closed down as those are found inside 500 Meters from the National Highways and State Highways.
 
State Excise authorities are apprehending loss of Rs.1200 Crore during 2017-18, if these are allowed to sealed during the entire year.
 
However the State Government has taken steps to de-notify  some of the State Highways as “Urban Roads”, which may save the situation, feel officials in Directorate of Excise.
 
Similarly target for taxes on vehicles is set at Rs.1350 Crore for 2017-18, however with present Transport Commissioner D S Kutey left for joining as OSD in CMO, and there is no new incumbent has taken charge of Transport Commissioner, collection of revenue is bound to be affected.
 
Sooner a fulltime Transport Commissioner is needed to be appointed and any delay in this regard will bound to affect revenue generation in the Transport Sector, feel officials.
 
In fact Mr.Kutey proved to be an effective Transport Commissioner, however his services were more required at CMO, felt the Government.
 
On Stamps and Registration front, the State is expecting revenue worth of Rs.1400 Crore and Land Revenue collection is pegged at Rs.640 Crore.
 
Of late it is seen that District Collectors are not attaching importance to land revenue collection and for which revenue generation on this front is affected.
 
On Non Tax Revenue collection Chief Secretary has set the target of Rs.9540 Crore and lion share is expected from Mining Sector.
 
Revenue collection target for Non Ferrous Mining and Metallurgical Industries is set at Rs.6630 Crore.
 
For last three years, collection of royalty from Metal Sector has suffered due to sluggish market condition and on an average 14 Percent less collection of royalty has been reported during 2016-17, said sources.
 

    



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