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Financial year switch needs good planning: Experts

Centre is seriously considering the shift, senior officials told Business Standard

Narendra Modi attends third Niti governing council meeting
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Narendra Modi attends third Niti governing council meeting

Arup Roychoudhury New Delhi
Prime Minister Narendra Modi's request to states for reactions to a proposal for a change in the financial year to January-December from the current April-March indicates the government's seriousness in pursuing what will be a major governance change.

Senior officials have told Business Standard that the Centre is seriously considering the shift. The process of studying the feasibility and drawbacks have picked up pace after the end of the latest session of Parliament, it is learnt.

At the Niti Aayog governing council's meeting on Sunday, Modi told state chief ministers that there had been suggestions in this regard.

The policy watchers and economists say