{"id":10455,"date":"2024-06-14T14:42:09","date_gmt":"2024-06-14T14:42:09","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=10455"},"modified":"2024-06-14T14:42:09","modified_gmt":"2024-06-14T14:42:09","slug":"despite-restoration-of-economic-activities-the-funding-from-the-central-kitty-to-odisha-continues-falling-down-drastically-which-is-a-major-concern-of-the-state-government","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/despite-restoration-of-economic-activities-the-funding-from-the-central-kitty-to-odisha-continues-falling-down-drastically-which-is-a-major-concern-of-the-state-government\/","title":{"rendered":"Despite restoration of economic activities, the funding from the Central kitty to Odisha continues falling down drastically, which is a major concern of the State Government."},"content":{"rendered":"

With a total Revenue Receipt target of Rs 1,25,600 crore, the has expected to get Rs 68,100 crore from the Union Government<\/a> as Share Tax and Central Grants during 2021-22 fiscal.<\/p>\n

However, by October 31, 2021, the State has received only Rs 23,528.73 crore, which is 15.25% less compared to October 2020. In real figures, during April to October of 2021-22, the State got Rs 4238.68 crore less than what it had got during the same period of previous fiscal year. Up to October, 2020, it had received Rs 27,763.41 crore.<\/p>\n

Moreover, the State has estimated to get Grants of Rs 37,963.32 crore from the Centre during the current year. Till October 2021-end, it has received only Rs 9,596.57 crore, which is 31.49% less than the amount received up to October last year.<\/p>\n

Similarly, against the budget estimation of 2021-22 to get Rs 30,136.68 crore share on Central taxes, the State has received Rs 13,932.16 crore till last month-end. Though the amount received on Share Tax head is 1.28% more than the previous years figure, it is not satisfactory as the funding is 19.22% less than received till October 2019.<\/p>\n

The target for both Tax and Non Tax revenue for 2021-22 is Rs 57,500 crore, out of which Rs 37,500 crore is from Own Tax and Rs 20,000 crore from Non Tax sources. The total revenue collection from both sources till October-end has increased by 75.37% against the collection of the same period of last year. So, both Tax and Non Tax collection till October 2021 was Rs 45,516.61 crore while the collection till October 2020 had been Rs 25,955.16 crore.<\/p>\n

The Own Tax Revenue collection registered a 29.42% Growth<\/a> till October of 2021-22 as compared to corresponding period of 2020-21 while Non Tax Revenue collection growth has gone up by 152.59%. Own Tax Revenue collection by October 31, 2020 was Rs 16,273.84 crore and Non Tax Revenue collection was Rs 9,681.32 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"

With a total Revenue Receipt target of Rs 1,25,600 crore, the has expected to get Rs 68,100 crore from the Union Government as Share Tax and Central Grants during 2021-22 fiscal. However, by October 31, 2021, the State has received only Rs 23,528.73 crore, which is 15.25% less compared to October 2020. In real figures, … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1101],"tags":[873],"class_list":["post-10455","post","type-post","status-publish","format-standard","hentry","category-odisha","tag-17-11-21"],"yoast_head":"\nDespite restoration of economic activities, the funding from the Central kitty to Odisha continues falling down drastically, which is a major concern of the State Government. - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/despite-restoration-of-economic-activities-the-funding-from-the-central-kitty-to-odisha-continues-falling-down-drastically-which-is-a-major-concern-of-the-state-government\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Despite restoration of economic activities, the funding from the Central kitty to Odisha continues falling down drastically, which is a major concern of the State Government.\" \/>\n<meta property=\"og:description\" content=\"With a total Revenue Receipt target of Rs 1,25,600 crore, the has expected to get Rs 68,100 crore from the Union Government as Share Tax and Central Grants during 2021-22 fiscal. 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