The Centre is considering a report to change the financial year to synchronise with the calendar year. Finance Minister Arun Jaitley informed the Lok Sabha in a written reply today that the proposal has been examined by a committee headed by Dr. Shankar Acharya, an eminent economist. He clarified that the question of presenting the budget during November-December this year does not arise at this stage.
News On AIR | July 21, 2017 6:03 PM
Centre considering to change financial year to January-December