The Grants from Union Government to Odisha is slowing down, which is worrisome for the State Government.

1. Less Grants For Odisha
Union Government News

2. The Grants from Union Government to Odisha is slowing
down, which is worrisome for the State Government.

3. According to latest report on Financial Sector, by end of
September 2017, the State Government has received
Rs.8182.82 Crore as Grants from Centre.

4. This is Rs.655 Crore less in comparison to the end of
September, 2016 and amounts to less than 7.41 Percent of
the corresponding period of last year.

5. Odisha received Rs.8837.96 Crore as Grants from Centre by
30 September, 2016.

6. While it has been estimated that the State Government is
expecting Rs.21209.85 Crore Central Grants during 2017-18,
receiving less amount from the Union Government is causing
worry for the State Government.

7. This is because the State Government will have to resort to
Open Market Borrowings to fulfill the commitments made in
the State Budget to take up developmental projects, said
sources.

8. According to Budget Estimate total Revenue Receipt from all
sources has been estimated at Rs.88931.52 Crore during
2017-18, while it was Rs.74299.39 Crore during 2016-17.

9. Out of the total Revenue Receipts, the State Government has
targeted to collect Rs.36740 Crore from both Own Tax and
Own Non Tax Revenue Sources.

10. While the Own Tax Revenue Collection target has been
pegged at Rs.27200 Crore, Own Non Tax Revenue
Collection Target is Rs.9540 Crore.

11. However, both Tax and Non Tax Revenue Collection is
registering over 34 Percent growth, which is heartening, said
sources.

12. Out of Own Tax Target of Rs.27200 Crore, by 30 September,
State Authorities have collected Rs.13844.73 Crore.

13. Excise Revenue Collection by 30 September was Rs.1387.63
Crore, which is over 38 Percent of the target of Rs.3600
Crore to be collected during 2017-18.

14. Sales Tax Collection was Rs.9292.36 Crore out of which
State GST is Rs.918 Crore and Central GST is Rs.434 Crore,
said sources.

15. IOCL has paid the arrears and it has added to the State
Exchequer, said sources.
Own Tax collection from Land Revenue and Stamps and
Registration has slowed down and it is presenting negative
growth, admit officials.

16. Non Tax Collection from Mining Sector has registered over
41 Percent growth, which is heartening.
While Non Tax Collection Target was Rs.9540 Crore, Non
Tax Revenue Collection from Mining Sector by 30 September
was Rs.2729.33 Crore.

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