Bihar Deputy Chief Minister Sushil
Kumar Modi on Friday said that the state has registered a growth of 11.70 per cent in revenue collection in August, compared to that in the corresponding month in the previous financial year.
Despite the growth, recorded for the first time in 1920-21 financial year, the overall revenue collection from April to August witnessed a decline of 23.69 per cent in comparison to the figure for the same period last fiscal, said Modi who is also the state’s finance minister.
Revenue collection was affected because of the halt in economic activities due to COVID-19 pandemic, he said.
Modi also said that while the departments of commercial taxes, registration and transport witnessed decrease in revenue collection, the mines department registered a growth of 77.93 per cent despite adverse conditions.
In April, when lockdown was in force, tax collection saw a fall of 81.61 per cent compared to that in the corresponding month in 2019, he said.
The rate of decline, however, is gradually improving since then and it was 8.34 per cent in July, he said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)