Fiscal activities in UP on upswing amid talks of recession: Khanna

| | Lucknow
  • 0

Fiscal activities in UP on upswing amid talks of recession: Khanna

Friday, 07 October 2022 | PNS | Lucknow

Uttar Pradesh Finance Minister Suresh Khanna, on Thursday, said that the state's revenue collection had increased to Rs 14,661.89 crore in September this fiscal, which showed that the fiscal activities in the state were on the upswing amid talks of recession across the world.

“There has been a huge increase in non-tax revenue collection in the state as there has been an increase of Rs 3,123.73 crore in the non-tax revenue items of the state. Thus, the total revenue collection in September was Rs 14,661.89 crore,” the finance minister said while addressing reporters here.

He said this increase seemed to be huge as in the month of September 2021-22 only Rs 11,538.16 crore revenue was collected.

“Different departments have been able to collect more revenue than the set target. This shows that the policies of the government are on the right track,” he said.

The minister said that there was an increase in revenue receipt in all non-tax items while the revenue receipt decreased only in the Excise Department.

“There is a big increase in the collection of goods and services tax (GST) and value-added tax (VAT).  There is a bumper collection of revenue in the Stamps and Registration Department. This month the revenue in the Transport Department increased by Rs 73.20 crore. Revenue receipts also increased in the Geology and Mining Department,” the minister said.

Khanna said that the rate of VAT per litre petrol and diesel in Uttar Pradesh was less compared to other states. At present, VAT on petrol is Rs 15.08 per litre and on diesel it is Rs 12.76 per litre.

“Despite the COVID-19 pandemic and talks of recession, economic activities are on the upswing which is reflected in the revenue collection,” the minister said.

 

Sunday Edition

Revdi culture is here to stay

04 December 2022 | Dipak Upreti | Agenda

You are not who you think you are

04 December 2022 | Srikumar Rao | Agenda

what the rains foretold

04 December 2022 | Pioneer | Agenda

The Power of The Ballot

04 December 2022 | Pioneer | Agenda

The magic of sound healing

04 December 2022 | Pioneer | Agenda