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Tripura performs worst among NE states in revenue generation with 11.54 % in 2016-17 : state running on share of Central Taxes
TIWN Feb 12, 2017
Tripura performs worst among NE states in revenue generation  with 11.54 % in 2016-17  : state running on share of Central Taxes
PHOTO : TIWN

AGARTALA, Feb 12 (TIWN): Tripura’s poor revenue generation once again has been exposed when the budget expenditure was published for 2016-17. With this development state Tripura ended with 11.54 % revenue generation in last year. However, the opposition party BJP alleged that Tripura’s GDP growth and revenue generation is almost zero but just to show off the Govt is maintaining a standard. Earlier Prabhu told Tripura Finance Dept to utilize Bamboo production through BG and recently he has stressed upon tourism. But Tripura’s revenue has been just unsatisfactory till day.Tripura’s GDP growth rate is only 7 %, which is the lowest in the whole country even worse than Jharkhand and any North East State.

As per Tripura Govt’s claim the State’s share of Central Taxes is 28. 55 %. But as per the Central Ministers’ overview of Tripura’s tax collection and revenue generation it has been quite unsatisfactory somehow. As per Tripura Govt data (in Corores) : State Tax Revenue 1439.98,  Non-Tax Revenue 295.14, recovery of Loans and Advances 2.00 State's Share of Central Taxes 4299.00 Non-Plan Assistance from the Centre 1280.50 Central Assistance to State Plan (CASP)/ Other than CASP 5571.36 Loans from Other sources 1206.00 Loan against small savings 84.00 GPF etc (Net) 280.00 Adjustment of Opening Balance -600.00. With the every train service’s inauguration, Railway Minister Suresh Prabhu asked the Tripura Govt. to take attempts in increasing revenues in state, but all were in vain.

Apart from that Tripura Finance Dept. is undergoing heavy financial pressures as its Power Dept took Rs. 150 crores loan from UBI with 9 rupees interest. No allegedly the Govt has imposed a huge amount of property tax on its Citizens, whereas living standard has remained low.

Moreover, the state is suffering from huge unemployment problems and due to the Anti-Industrialization motive of the Communist Govt states GDP, revenues are till day at loss. As a result state has no other option than begging fund from the Centre. 

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