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Mining halt will impact Goa's economic growth: Manohar Parrikar
SME News, Thursday, Nov 08, 2012 16:55:09 PM IST
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PANAJI: The halt in mining activity in the state will adversely impact the economic growth of the state, as expressed by Chief Minister Manohar Parrikar. However, the state has seen 3 per cent growth in revenue collection.
The minister pegged the negative impact on the back of stoppage in the mining activity on GDP to the tune of Rs 4,000 crore, which would be offset close to Rs 3,000 crore by implementation of various measures.
The state is expecting 12 per cent growth in the current fiscal. It showed expansion of 8.3 per cent in 2011-12.
“The tax collection in the markets like Sanvordem and Bicholim (mining belt) has decreased by 30%. Also, the sale of vehicles has gone down in these markets,” Parrikar said at a press meet last evening.
The collection in the tax on vehicles declined by 10 per cent.
Supreme Court has halted the mining operations in all the 90 mines in Goa citing the Justice MB Shah Commission report, which estimated a Rs 35,000-crore loss to the exchequer due to illegal mining in the last 12 years.
