Why change the financial year?

The government has appointed a committee to consider a change in the financial year but without specifying any reasons for the need to do so. ONE morning’s newspapers carried the news that the central government has decided to consider a change in the present Financial Year [April 1 to March 31] without any demands surfacing from any quarters. Simultaneously, an announcement was also made about the constitution of a four-member committee, comprising of three retired bureaucrats, one of them being the retired Chief Economic Advisor of the Government of India and the Chairman of the committee.

http://www.gfilesindia.com/frmArticleDetails.aspx?id=1518&Name=GOVERNANCE

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About gfilesmagazine

gfiles is the country's first independent magazine written, designed and produced for India's civil services—the vast and formidable network of bureaucracies and public sector organisations that provides continuity and stability to this nation's governance.
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