Revenue collections up 23.5 p.c.

By Our Special Correspondent

MUMBAI, AUG. 29. The revenue collected by the Government in the first four months of this financial year is very encouraging, Mr. V. Dhananjay Kumar, Minister of State for Finance, said today.

``The total revenue collection from April to July registered an overall growth of 23.50 per cent at Rs. 49,169.88 crores against Rs. 39,814.51 crores in the previous year,'' said Mr. Kumar while addressing a press conference here.

The quantum jump as far as the direct tax is concerned is 73 per cent and the increase in indirect tax is 11.69 per cent. ``The trend is positive even in August,'' he added.

The direct tax collection in the first four months is Rs. 12,866.97 crores as compared to Rs. 7310.98 crores in the same period last year. The Minister said the improvement in revenue collection was because of widening of tax net and better performance of the economy.

After meeting the revenue officials in Mumbai, Mr. Kumar said that the matter of concern was that there was a considerable decrease in the arrival of goods at the Mumbai port.

``Today we discussed measures to improve activity in Mumbai port. I will have a separate meeting with the Minister of Surface Transport to resolve this issue,'' he said. The Mumbai port was witnessing downward trend in the last four years.

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Section  : Business
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