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Tag: Revenue

Op-Ed: Ecotourism Boost A Welcome Move

By Ashutosh Mishra Bhubaneswar: Ecotourism is the buzzword. Odisha government, too, seems keen to make the most of it having set aside Rs 7.7 crore in the current budget for infrastructure development at ecotourism sites. This sector has tremendous potential for revenue generation and the best thing about it is that local communities have a […]

Odisha budget likely to get bigger with higher market borrowings

Bhubaneswar: With an increase in revenue collection, Odisha government is expected to present a bigger state budget and the size is expected to increase by least 10 percent this year. Amid such a scenario, all eyes are on the state’s dependency on market borrowings which are also expected to increase. The pre-budget consultations chaired by […]

Twitter revenue hits $909 mn in Q4

San Francisco: Twitter on Thursday announced that its revenues for the fourth quarter of 2018 has hit $909 million, growing 24 per cent year on year and beating market estimates of about $868 million. The 2018 revenue rose 25 per cent year on year to exceed $3 billion, while its net income was $1.2 billion, […]

Fuel under GST to affect states' revenue: Chief Ministers

New Delhi: Opposing the idea of bringing fuel products under the Goods and Services Tax (GST), three Chief Ministers from different political parties on Saturday said it would have a negative impact on their revenue collection. Speaking at the Hindustan Time Leadership Summit 2018, Amarinder Singh, Chief Minister of the Congress-ruled Punjab, said his state’s […]

$15.3 bn revenue expected from 59 oil, gas fields

Kolkata: Revenue of about $15.3 billion is expected to be generated in 20 years from 25 contract areas covering 59 oil and gas fields that have been discovered, an official said here on Wednesday. The Centre launched the bid round II under Discovered Small Fields (DSF) policy last month. Under this bid round, there are […]

Sony India looks at 30-35% revenue from premium products in two years

Kolkata: Consumer electronics giant Sony India, which is focusing on strengthening its premium image, expects that the share of premium products across categories to its revenue would increase to 30-35 per cent in the next two years, an official said on Tuesday. “Premium products across different categories (television, sound, digital imaging etc.) contribute about 20-25 […]

Hackers target website of Odisha Revenue Department

Bhubaneswar: As many as three sensitive external links on the website of Revenue and Disaster Management Department of the Odisha government were hacked by unidentified hackers today. According to sources, extremely important links on the page of Revenue department’s portal including SRC (Special Relief Commissioner), OSDMA (Odisha State Disaster Management Authority) and e-Despatch (Electronic Despatch) […]

With record $53.3 bn revenue, Apple eyes $1-trillion mark

San Francisco: Despite slow iPhone sales, Apple is racing ahead to become the world’s first trillion-dollar company as it posted revenue of $53.3 billion in its fiscal third quarter — an increase of 17 per cent from the year-ago quarter. International sales accounted for 60 per cent of the quarter’s revenue, the Cupertino-based giant said […]

Income Tax Dept among top three 'revenue earners' of central government

New Delhi: The Income Tax Department now ranks among the top three “revenue-earners” of the central government and there is still a huge potential for growth, a top IT official has said. Principal Chief Commissioner of Income Tax, (PR-CCIT) Pune, Vinodanand Jha said in a statement released on Saturday that there was a huge possibility […]

Holiday sales push Apple revenue to record $88.3 bn

San Francisco: Buoyed by iPhone sales in the holiday season, Apple posted a record revenue of $88.3 billion — a 13 per cent increase from a year-ago — for the first quarter of fiscal 2018 that ended on December 30. According to the company, it now has 1.3 billion active installed base of devices globally. […]

Odisha's revenue generation grows 23.33%

Bhubaneswar: The revenue generation of Odisha by the end of December of the current financial year 2017-18 increased 23.33 per cent over the last fiscal, said an official on Tuesday. Fiscal performances of the state showed an overall increase of around 23.33 per cent in revenue generation from both the own tax and non-tax resources […]

ganja crop destroyed
Ganja plantations worth crores destroyed in Angul

Angul: Expediting raids on the illegal ganja farms, a special team comprising excise, police and revenue departments on Tuesday destroyed ganja plantations on 7 acres government land at Pitapalli and Bakala villages under Jarapada police limits of the district. As per reports, the teams destroyed around 24,000 ganja plants on 7 acres government land adjacent […]

Multi-agency coordination committee formed to destroy ganja cultivation

Bhubaneswar: The Odisha Police has formed a State Coordination Committee in association with officials from Revenue, Excise and Forest departments to smash ganja cultivation in the State. A decision on this was taken at a high-level meeting under the chairmanship of DGP RP Sharma on Wednesday. Among others, officials of Excise and Narcotics Control Board, […]

IMFA's Q2 performance hit by price volatility

Bhubaneswar: Indian Metals and Ferro Alloys (IMFA) Ltd reported its second quarter (Q2) results for the fiscal year 2017-18 (FY18) today. During the period, revenue of the company grew to Rs 416.03 crore in comparison to Rs 387.58 crore in the corresponding period of 2016-17 fiscal (FY17). Exports of the company grew to Rs 344.94 […]

670 cr excise revenue collected in 2017-18

Bhubaneswar: The State government has collected excise revenue of Rs 670 crore in the current financial year 2017-18 as against Rs 659 crore in the last fiscal year. Excise Department Secretary Vir Vikram Yadav informed this at a review meeting on excise revenue held here today under the chairmanship of chief secretary AP Padhi. The […]

HCL net up 21% in Q4; projects flat growth in FY18

New Delhi: Global software major HCL Technologies Ltd, which posted double-digit net profit and revenue growth for the fourth quarter (Q4) and fiscal 2016-17, on Thursday projected flat revenue growth for fiscal 2017-18 in dollar terms. “Revenue for fiscal 2017-18 (FY 2018) is expected to grow 9.9-11.9 per cent year-on-year (YoY) as compared to 11.9 […]

Paradip port
Revenue-yielding scrap import to begin in Paradip port

Paradip: Go-ahead signal for carrying out revenue-yielding scrap import operation has been accorded to Paradip port in Jagatsinghpur district. Import of scraps would generate additional revenue for Odisha’s lone major port. An official communication from the union shipping ministry in this regard has been received by us. Scrap import activity would be undertaken shortly, an […]

business tech
Digital technology to accelerate business growth: Study

New Delhi: Adoption of advanced business digital technologies can lead to increase in revenues by up to 27 per cent, increase in employment by up to 84 per cent, and enhanced access to international markets by up to 65 per cent for small and medium businesses (SMBs), said a joint study by Assocham-Deloitte. “Digital infrastructure can […]

Odisha Budget
Odisha budget projects 8.5 per cent growth rate

Bhubaneswar: Projecting 8 to 8.5 per cent growth rate in the next fiscal, Odisha’s finance minister Pradip Kumar Amat today presented the budget for 2017-18 with an outlay of Rs 1,06,911 crore, which is about 13.7 per cent more than allocated in the last budget. “We propose an outylay of Rs 1,06,911 crore for 2017-18 […]

Revenue of Rs 7446.73 pending on various companies: Finance Minister

Bhubaneswar: The State is bearing Rs 7446.73 crore of revenue pending on various companies Finance Minister Pradip Amat said in a reply during question hour today while presenting the annual budget for the financial year 2017-18 here in the State Assembly. Specifying on the various dues, the minister said Rs 2085.96 crores of revenue is […]

2017 a year of challenges for Odisha govt

Bhubaneswar:  After managing to come out of the cobweb of confrontations and controversies in 2016, the Odisha government will set its feet on its fourth year of its fourth term in 2017. But some of the challenges it had encountered last year will chase like a shadow in 2017. Out of the major challenges the […]

Chief Secretary
Odisha targets Rs 90 cr more a year as power sector revenue

Bhubaneswar: With the amendment to the Odisha Electricity (Duty) Act, 1961, which was approved by the State Cabinet at a meeting here today, the Odisha government has set a target of an additional annual revenue of Rs 90 crore from the power sector. Talking to media persons after the meeting, chief secretary Aditya Prasad Padhi […]

Odisha eyes Rs 50 cr revenue from gemstone sector

Bhubaneswar: The Odisha government is considering promulgation of a policy to bring the unorganised gemstone mining sector in the State under government regulation and earn revenue to the tune of Rs 50-60 crore per annum. Steel and Minses minister Prafulla Mallick informed this to media on the sidelines of a workshop on gemstone here on […]