VASCO
The Government of India has constituted a committee to examine the desirability and feasibility of having ‘a new financial year’.
According to a press note, the committee headed by Dr Shankar Acharya (former chief economic adviser) has K M Chandrasekhar (former cabinet secretary), P V Rajaraman (former finance secretary, Tamil Nadu) and Dr Rajiv Kumar (senior Fellow, Centre for Policy Research) as other members.
The committee will examine the merits and demerits of various dates for the commencement of the financial year including the existing date (April to March), taking into account various relevant factors.
The committee has been given time till December 31 to submit its report, added the press note.
