new delhi with the covid pandemic stretching delhi governments finances all departments have been asked to generate more nontax revenue every department would have to submit an action plan within two weeks on the samethe pandemic has dealt a body blow to the state governments financial health the second wave of covid this year and the lockdown to curb its exponential growth have resulted in delhi governments collection declining while its expenditure has gone up massively due to the implementation of relief and other measuresin a circular issued on thursday the finance department has informed all departments that the covid crisis has stretched state finances by impacting both tax and nontax collections in this context a need has arisen to augment nontax revenue which is currently at 27 and 29 of states total revenue collection in 201920 and 202021 respectivelythe finance department has stated that the major components of nontax revenue are interest charged on loans or advances and dividends and profits from investment apart from user charges or fees against services provided by the government keeping this in mind it has said that nontax revenue can be augmented by reviewing the outstanding loans that are recoverable from psus local bodies and autonomous bodies under their administrative control and ensuring that interest on loan is received by the governmentthe department has said that delhi government has circulated a dividend policy which states that a minimum annual dividend of 30 of profit after tax or 5 of the net worth whichever is higher is to be paid by a psu the finance department has directed the administrative department to take stock of the financial results of the psus and enforce the discipline laid down in the dividend policythe department has also said that the user charges and fees for various services being provided shall be reviewed by examining the trend of nontax collection and identifying the factors responsible for the lack of its growthall the departments have been requested that an action plan for augmentation of nontax revenue in respect to their department be sent to the finance department by november 25 as per a format provided