Odisha's exchequer's status

odisha's exchequer's status

Odisha's exchequer has shown a mixed financial status with notable improvements and challenges. The state has transitioned from a revenue deficit to a revenue surplus position over the years, with improvements in managing contingent liabilities, subsidies, and interest payments. State Public Enterprises (SPEs), especially entities like Odisha Mining Corporation (OMC), have been net contributors to the exchequer, although some have incurred losses. The state exchequer has benefited significantly from mining revenue due to Odisha's rich mineral reserves. However, there have been allegations of losses to the exchequer due to irregularities in the mining sector, with concerns about the quality and auction process of iron ore mines impacting revenue. The government has also been under pressure to manage expenditure efficiently and reduce the financial burden on the exchequer following its various commitments and subsidy increases. Recent political changes in the state government's cabinet include a focus on key departments such as finance, steel, and mines, which are crucial for the state's fiscal health [1][2][3].

Citations:
[1] evaluation of state finances with reference to state of odisha https://fincomindia.nic.in/asset/doc/commission-reports/14th-FC/studies/19.pdf
[2] Odisha exchequer facing losses due to BJD govt, mine ... https://www.business-standard.com/article/current-affairs/odisha-exchequer-facing-losses-due-to-bjd-govt-mine-owners-nexus-bjp-mp-122091300445_1.html
[3] In Odisha portfolio allocation, CM Mohan Charan Majhi ... https://indianexpress.com/article/india/in-odisha-portfolio-allocation-cm-keeps-key-departments-with-himself-9395105/
[4] government of odisha - finance department https://finance.odisha.gov.in/sites/default/files/2025-01/338.pdf
[5] state-exchequer News: Latest Updates, Stories & Headlines https://odishatv.in/tags/state-exchequer
[6] Odisha Govt Must Reduce Burden on Exchequer https://www.newindianexpress.com/opinions/editorials/2014/Jun/25/odisha-govt-must-reduce-burden-on-exchequer-628401.html
[7] Superintendent of Excise, Bhubaneswar https://rtiodisha.gov.in/pa/T1RILzI2LzMzMjkvMTk=
[8] Cabinet Ministers https://cm.odisha.gov.in/cabinet
[9] The Odisha government has issued a show-cause notice to ... https://timesofindia.indiatimes.com/the-odisha-government-has-issued-a-show-cause-notice-to-sarada-mines-for-certain-legal-violations-that-have-caused-losses-to-the-state-exchequer-official-s-ources-said-the-showcause-was-served-on-sarada-mines-which-is-the-lease-holder-for-thakurani-iron-ore-block-spread-over-950-hectare-in-keonjhar-district-after-an-inquiry-committee-found-that-it-contravened-rule-37-of-mining-concession-rules-1960-the-government-has-asked-the-company-to-respond-within-30-days-/articleshow/14695603.cms