Mining sector boosts State’s nontax revenue
The State has recorded a nearly 50.70% growth in nontax revenue till May 2022 due to a robust increase in the mining sector revenue.
The mineral sector collection by May 2022 was Rs 8,196.18 crore as against Rs 5,768.77 crore during the corresponding period last year, as per a report on fiscal performance of the State till May 2022.
The collection of revenue from nonferrous mining and metallurgical industries has increased by 42.08% till May 2022.
While during the 2022-23 Budget Estimate for mineral revenue generation had been targeted at Rs 43,444 crore, by May 31, the State collected Rs 8196.18 crore from nonferrous mining and metallurgical sector, said a senior official in the Department of Steel & Mines.
