Lucknow / Oct 7, 2020
Signalling the revival of economic and commercial activities, Uttar Pradesh witnessed over 10 per cent growth in its tax and non-tax revenues in September 2020 vis-à-vis the corresponding month last fiscal year (2019-20).
Compared to the revenue kitty of about Rs 8,444 crore in September 2019, the realisation in September 2020 stood at over Rs 9,334 crore – Rs 890 crore higher month-on-month, according to UP finance minister Suresh Khanna.
The state revenue collection had majorly dipped during the first quarter (Apr-June) of the current financial year 2020-21 following lockdown.
However, the green shoots of revival in the state tax and non-tax revenues had started to appear from July onwards with the gradual kick-starting of economy under successive lockdown periods.
The July 2020 revenue kitty of Rs 10,675 crore was nearly 97 per cent of the July 2019 collection, which the revenue was about Rs 10,926 crore. In August, the state posted 6.74 per cent growth in revenues compared to the corresponding month last year. Compared to a kitty of Rs 8,942 crore in August 2019, the collection in August 2020 stood at about Rs 9,545 crore, which was almost Rs 600 crore higher.
However, the state government is still facing a shortfall of more than Rs 12,700 crore in total revenue collection during the first six months (Apr-Sep) of the current financial year 2020-21 compared to last year, with the mop in Apr-Sep 2019-20 and Apr-Sep 2020-21 matching up to Rs 58,603 crore and Rs 45,890 crore respectively.
No comments:
Post a Comment