The Modi government is likely to make an announcement to align the fiscal year cycle with the calendar year. In a move to change the financial year cycle of the country, the Finance Ministry had set up a committee under the leadership of former chief economic advisor, Shankar Acharya to examine “desirability and the feasibility of a new financial year”.
Forget Demonetization and GST. This will be India’s biggest economic reform
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By TFI Desk
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