03-04-21 Daily-Karnataka-KPSC Current Affairs

Karnatakahas ringed in the 2021-22financial yearon a promising note: Most revenue-earning departments have exceeded their annual target for the previous year despite the lockdown-induced slowdown in the first two quarters due to the pandemic.

The commercial taxes department has mopped up Rs 82,491 crore as against the target of Rs 82,443 crore and the excise department surpassed the target of Rs 22, 700 crore by collecting Rs 23,131 crore through duties on liquor sales in the year of distress that ended on March 31. Even the transport department that looked the most sluggish exceeded its target and collected Rs 5,609 crore motor vehicle tax, which is Rs 91 crore more than what it had estimated. The department, in all, racked up Rs 56,615 crore against the target of Rs 5,525 crore that includes non-tax revenue.

Property registration was the only head that missed the target as stamps & registration duties fetched only Rs 10,481 crore while the target was Rs 12,655 crore. Yet, the revenue collection was better in 2020-21 as compared to Rs 10,248 crore in the previous year.