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Uttarakhand FM asks departments to raise revenue targets

Finance minister Prakash Pant has directed the departments concerned to increase their revenue targets and submit related proposals by January 31 for submission before the 15th finance commission

dehradun Updated: Jan 30, 2018 21:50 IST
Deep Joshi
Deep Joshi
Hindustan Times
Uttarakhand News,Prakash Pant,15th finance commission
The departments asked to increase revenue targets are mining, excise, commercial tax, stamp and registration, forest and environment, irrigation, transport and power.(HT File)

Finance minister Prakash Pant has directed the departments concerned to increase their revenue targets and submit related proposals by January 31 for submission before the 15th finance commission.

In that connection, he also directed officials to submit proposals pertaining to efforts being made to ease the delivery system and make it accountable.

Chairing a meeting of officials here on Monday, he also set the raised revenue targets for the next fiscal to “be achieved” by of some departments, from ₹15 .57 crore to ₹16.20 crore.

The departments are mining, excise, commercial tax, stamp and registration, forest and environment, irrigation, transport and power.

Pant also directed all these departments to increase their revenue receipts by 15-20%. He said the central government had been urged to allocate 2% of the union budget as green bonus to Uttarakhand in lieu of the ecosystem services it offered.

“The mountain state is deficient in economic resources owing to its difficult geographical conditions. Besides, 70% of the region’s geographical area is under forests which work as carbon sink for the world,” an official note quoted Pant as saying.

“That is why we have urged the Centre to compensate the region in terms of green bonus in lieu of the eco-system services it offers.”

Members of the 15th finance commission that was constituted recently would soon start visiting states to assess measures they have initiated to augment their resources.

The initiative is a part of the Centre’s move to ensure that the states generate their resources instead of being dependent on its (Centre) largesse. The 15th finance commission would submit its recommendations to the Narendra Modi–led central government on April 1, 2020.

“The Centre is likely to provide limited funds to the state government, so next five years are going to difficult for it, if it fails to augment its receipts,” said an official. who did not wish to be named.

First Published: Jan 30, 2018 21:50 IST