BHUBANESWAR: Odisha misplaced central grants value Rs 36,565 crore underneath state’s share in central taxes and duties and different sources throughout 2015-16 and 2019-20, mentioned state finance minister Niranjan Pujari.
In a written reply to the state meeting on Monday, Pujari mentioned whereas 14th Finance Fee had beneficial Rs 1,98,412 crore for Odisha throughout 2015-16 to 2019-20 underneath state’s share in central taxes and duties, grants for native our bodies and catastrophe administration fund, the state has acquired Rs 1,61,874 crore in the course of the 5 yr.
Out of whole misplaced quantity of Rs 36,565 crore with the Centre in the course of the five-year interval, state’s share underneath central taxes and duties is Rs 35,096 crore, catastrophe administration fund is Rs 620 crore and native physique grant of Rs 849 crore, mentioned Pujari. He was responding to a question of senior BJD MLA Prafulla Samal.
The finance minister mentioned Odisha has to bear further sources after the Centre modified fund sharing sample to 60:40 between the Centre and the state authorities underneath varied centrally sponsored scheme and central scheme.
Admitting to unfavourable influence on state exchequer due to Covid-19, Pujari mentioned there was 7.69% development in comparison with corresponding interval of earlier fiscal yr in assortment of state’s income from tax and non-tax sector by January-end.
Odisha acquired Rs 18,926 crore as its share from central taxes and duties by January, which is 24% lower than the earlier January, the quantity acquired as central grants by January is estimated at Rs 17,632 crore, which is 17% lower than quantity acquired by corresponding interval of earlier yr, mentioned the minister’s reply.
Whereas the Covid-19 pandemic has impacted the GST income assortment, the Centre has allowed Odisha to borrow Rs 3,822 crore underneath particular window in the course of the 2020-21 monetary yr.
The finance minister additionally admitted that the Centre has not accepted the suggestions of 14th finance fee on catastrophe administration entrance.