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T'gana mulls budget as per calendar year

Press Trust of India  |  Hyderabad 

After Madhya Pradesh, has plans to make the state budget as per the calendar year, replacing the system of having the financial year from April 1 to March 31.

"Chief Minister K Chandrashekhar Rao has said that in tune with the Centre's thought process and in accordance with its proposed policy, the state has plans to introduce the Budget from the calendar year to calendar year (January 1 to December 31)," a release from Rao's office said.

Rao instructed minister E Rajender and officials to visit Madhya Pradesh, which decided to announce shifting of its financial year format to January-December from the present April-March cycle, it said.

The BJP-ruled recently switched its fiscal year to calender year early this month.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 16 2017. 17:42 IST