M.P. shifts fiscal year

  • Madhya Pradesh will be the first State to switch to the January-December financial year from the present April-March cycle.
  • The change will mean the financial year will coincide with the calendar year.
  • The decision was taken at a meeting of the Cabinet held at Mantralaya.
  • “The next budget session will start in January. Now, the financial year will start in January and end in December.

Source: The Hindu


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