Home ECONOMY Expedite revenue collection, Odisha CM tells Finance dept

Expedite revenue collection, Odisha CM tells Finance dept

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Odisha Sun Times Bureau
Bhubaneswar, Jun 19:

Odisha chief minister Naveen Patnaik today asked the Finance department to expedite tax collection and advised the officials to give priority on reduction of non-performing assets (NPA).

cm review financePresiding over a review meeting on the yearly performance of the Finance department at the State Secretariat here, the chief minister asked the department’s revenue collection officials to expedite collection of tax and non-tax revenue.

He hoped that the enhanced plan outlay and capital outlay would expedite the development process.

The Chief Minister praised the department for meeting its revenue collection target despite adverse circumstances in the 2014-15 fiscal.

It was revealed that the department, through amicable negotiations, has been able to collect pending revenue worth Rs 1300 crore.

While the volume of the plan outlay has increased to Rs 29,984 crore, the capital expenditure of the gross state domestic product (GSDP) has gone up to 3.6 percent from 2.84 percent.

Besides, the department has approved the filling up of more than 54,000 vacant posts in 2014-15.

The chief minister advised the department to maintain its tempo in the coming days.

Stating that proper management of resources is of prime importance in the context of the recommendation of the 14th Finance Commission, Patnaik asked the department to make proper utilisation of available resources while giving priority to various welfare schemes. He asked the chief secretary to form an apex committee to be led by him with additional chief secretary to chief minister, development commissioner and additional chief secretary, Finance as the members.

He also asked the chief secretary to conduct a monthly review of the collection of pending revenue and a fortnightly review on inter-departmental coordination and supervision.

He also asked the secretaries of other departments to take special measures for judicious management of finance and timely utilisation of budget.