Revenue from mining royalty declines in Odisha

Bhubaneswar: On account of demonetization, revenue collection in the form of mining royalty and stamp registration fee declined this year as compared to the previous year, informed Odisha Finance secretary Tuhinkant Pandey following a review meeting of the department which was chaired by Chief Secretary, Aditya Padhi at the State Secretariat here today.

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However, the picture will be clearer by the end of the financial year, informed Padhi adding further that the Odisha’s treasury system has achieved notable progress.

The slump in the finances will improve in the coming 2-3 months, he added.