Mineral revenue continues to outsmart all other revenue collections in Odisha and it is expected that the will generate more fund from this sector during this fiscal as the collection up to September is much better compared to last years corresponding period.
The latest report on revenue collection reveals that in the mineral sector there is a Growth of 3.9% compared to the corresponding period of last fiscal. During last six months, a Budget Estimate of 44.79% is achieved. While for 2022-23 the Budget Estimate for the mineral sector was set at Rs 43,444 crore, the collection is much better during last six months.
While the revenue collection from mineral sector in 2021-22 was Rs 48, 642 crore, which was a record of sort, financial experts opine that that this year also it will surpass the earlier amount as the trend is positive.