More indirect taxes likely in budget: Prakash Pant
The state has so far got ₹900 crore from the indirect taxes in this financial year, Pant said. With two more months to go in the ongoing financial year, the minister expects that the government will earn more revenue.dehradun Updated: Jan 28, 2018 20:53 IST
The Uttarakhand government is mulling to hike indirect taxes in the coming budget to boost its revenue, finance minister Prakash Pant said here on Sunday.
The state has so far got ₹900 crore from the indirect taxes in this financial year, he said. With two more months to go in the ongoing financial year, the minister expects that the government will earn more revenue.
“We intend to make the state self reliant by searching more options to swell revenue,” the minister said ahead of the state budget to be present in March.
“We have decided to increase revenue in the sectors like excise, mining, stamp and registration fee, and from petroleum sale,” he said.
Asked, Pant said the emphasis on the budget would be to develop primary and secondary sectors of the economy and stabilising the service sector.
On a question about plans to help hill farmers, who are reportedly leaving their traditional occupation owing to economic reasons, he said over 1 lakh farmers have been given cheap agricultural loans.