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PM Modi on advancing financial year to January-December
April 26, 2017
- After advancing the budget, Prime Minister Narendra Modi may have set the ball rolling on another crucial reform – changing the financial year to January-December.
- He asked states to take initiatives on the proposal, which has already seen several suggestions.
- Modi also told the states to seriously consider governance issues that are holding back speedier development and to speed up capital expenditure and infrastructure creation to lift growth.
- “He said that there have been suggestions to have the financial year from January to December. He urged states to take the initiative in this regard,” according to an official statement released after the Niti Aayog Governing Council meeting.
