Odisha's fiscal performance shows upward trend

Bhubaneswar: Odisha's total budget utilisation has reported over 16 per cent rise while revenue collection grew by 23 per cent compared to the same period last year, a senior official said on Thursday.

"Fiscal performances by end of November of the current financial year exhibited an upward trend with simultaneous increase in both its ingredients -- utilisation of the budget allocations and revenue augmentation," the official said.

It came to light during a review taken yesterday by Chief Secretary Aditya Prasad Padhi, who directed all departments to ensure 100 per cent ground level implementation of the cabinet decisions and suggestions received from district Collector's workshop, he said.

Details presented by principal secretary finance, Tuhin Kanta Pandey showed an overall increase of around 16 per cent in total budget utilisation by end of November compared to the corresponding period of last year. Total expenditure up to November, 2017 was around Rs 28384 crore against Rs 24,366 crore spent during the same period last fiscal, he said.

Keeping tune with the expenditure, the total revenue augmentation till November this year also increased by around 23 per cent. The total revenue collection till November, 2016 was around Rs 18027 crore which increased to around Rs 22195 crore by November, 2017.

Own Tax revenue grew by around 30 per cent with total collection of around Rs 17726 crore and Non-Tax Revenue grew by around 2 per cent with total collection of Rs 4469 crore.

The expenditure in agriculture and allied sector was around Rs 6619 crore. The expenditure in this sector principally includes the programmes being executed under the departments of agriculture and farmers welfare, water resources, fisheries and animal resource development and cooperation.

Budget utilisation in social sector was to the tune of Rs 13451 crore up to November against total spending of Rs 10701 crore during the same period of last fiscal, thereby showing an increase of around 26 per cent, said an official statement.

Programmes under this sector are mainly administered through the departments of School & Mass Education, Scheduled Tribe & Schedule Caste Development, Health & Family Welfare, Labour, Panchayati Raj, Women & Child Development, Higher Education, Skill Development & Technical Education and Social Security and Empowerment of persons with Disability.

Similarly, the budget utilisation in infrastructure building undertaken through the departments of Works, Housing & Urban Development, Rural Development and Energy was to the tune of Rs 6579 crore up to November with a growth of around seven per cent over the last year.

Development Commissioner R Balakrishnan suggested that there should be a common data base of the beneficiaries covered under various programmes being implemented through different departments. Such a data base, he said, would help in tracking real delivery of services and measuring the scale of inclusion. 

Prasad warns FB of strong action if it sways electoral process

New Delhi: India on Wednesday warned social media platforms like Facebook of 'strong action' if any attempt was made by them to influence the country'...

PNB Rs 13,000 crore fraud: Mehul Choksi writes to CBI again

New Delhi: Responding to the fresh set of summons sent by Central Bureau of Investigation (CBI), absconding jeweller Mehul Choksi again wrote a letter...

How RBI is disposing of demonetised currency worth Rs 15.28 trillion

New Delhi: Demonetised Rs 500 and Rs 1,000 notes, which have been counted and processed for genuineness, are shredded and briquetted before being disp...

RBI issues corrective framework for PSBs

New Delhi: Amid the multiple scams unearthed recently in the banking sector, the Reserve Bank of India (RBI) has issued a Prompt Corrective Action (PC...