Finance Minister Pradip Kumar Amat on Monday said the State has been able to achieve the target in the collection of its own revenue during the financial year 2013-14.
However, steps would be taken to make the registration of power of attorney mandatory and amend the Odisha Apartment Rule, besides amending the existing Electricity Tariff Act to augment additional revenue,
Amat said.
Replying to BJD Member Amar Prasad Satpathy during Question Hour, the Finance Minister said that the Government had collected Rs 25,093 crore towards its own tax and non-tax revenue during 2013-14 against the target of Rs 24, 430 crore. The collected revenue was 102 per cent of the targeted amount, he said.
Similarly, against the target of collecting Rs 6,825 crore from non tax revenue, a sum of Rs 8,202 crore was collected during 2013-14 which was 120 per cent of the target, he said.
The Finance Minister said against the target to collect Rs 17,605 crore from its own tax, a sum of Rs 16,891 crore had been collected during the 2013-14 financial year which was 95.95 per cent of the target.
In view of the slowdown in the economy, the Government at a meeting held under the Chairmanship of the Chief Secretary on April 30 last had decided to take a series of steps to achieve the target during the current financial year, he said.
The Government hiked the VAT on liquor (IMFl) from 20 to 25 per cent and on petrol and diesel from 18 to 20 per cent and initiated steps to collect the arrears pending on various CPSUs to achieve the target, Amat maintained.
Among other things, the Government, he said, has initiated steps to frame rules to make the registration of power of attorney mandatory, amend the existing Odisha Apartment Rule and vacate the stay imposed by the High Court on the stamp duty on mining lease and their renewal.