Madhya Pradesh decides to shift to January-December fiscal year

Bring lunch for Cabinet meet: Shivraj Singh Chouhan to ministers

Bring lunch for Cabinet meet: Shivraj Singh Chouhan to ministers

Madhya Pradesh chief minister Shivraj Singh Chouhan and his cabinet on Tuesday gave tradition the slip and had home-cooked lunch during the crucial cabinet meeting in which the decision to end the financial year on December 31 was taken.

State public relations minister Narottam Mishra said, "The state cabinet in its meeting chaired by Chief Minister Shivraj Singh Chouhan today chose to shift the financial year to January-December".

Addressing a recent NITI Aayog Governing Council meeting, Modi had said, "In a country where agricultural income is exceedingly important, budgets should be prepared immediately after the receipt of agricultural incomes for the year".

It will, however, take quite some time for such a transition to be completed as the nation has become used to March-April financial year which is a 150-year-old practice.

Fox reportedly discussing JV with Blackstone to bid for Tribune Media
Since a stock price $28.33 on January 26 of this year, Tribune Media has seen its stock price rise 37%. Brent crude, used to price global oils, declined 50 cents, or 1 percent, to $51.54 a barrel in London.

The recommendation was made after studying the merits, feasibility and desirability of changing the financial year. Moreover, there will be a change in the ITR filing, which may change to March 31 instead of July 31, which is presently the last day for filing. It will also ease in doing business with investors and multinationals who follow the calendar year as financial year. It was adopted to coincide with the British financial year. Also, Parliament sessions will have to be reworked, along with changes in data collection and working of state governments. The Chief Minister has directed all ministries and departments to prepare a quarterly, half-yearly and annual road map of works so that all works are done within a fixed deadline.

CM had already instructed the ministers to come with tiffin boxes as the cabinet meet was supposed to be a marathon one as conveyed to the ministers. "We would hold more tiffin meetings", Mishra said.

"Also every letterhead, diary, poster, banner and State government advertisement will compulsorily bear the photograph of BJP ideologue Pandit Deen Dayal Upadhyaya on his birth centenary year", said Subodh Mishra.

Recommended News

  • Dramatic video captures small plane crash in Washington

    Dramatic video captures small plane crash in Washington

    The single-engine crashed at Mukilteo Boulevard Southwest and Mukilteo Speedway, according to a department tweet. The crash knocked out power to residents in the area, but power was quickly restored, Snohomish County PUD said.
    Venkaiah applauds Baahubali 2, says Rajamouli has broken barriers of Indian cinema

    Venkaiah applauds Baahubali 2, says Rajamouli has broken barriers of Indian cinema

    In just 3 days, the movie has shattered many box office records and is well on way to become the highest grossing Indian movie . The film features Prabhas, Rana Daggubati, Anushka Shetty, Tamannaah Bhatia, Sathyaraj and Rama Krishnan in pivotal roles.
    Princess Charlotte about to Turn 2; New Photo Released

    Princess Charlotte about to Turn 2; New Photo Released

    Earlier outfits worn by Prince George in public have become extremely popular with British consumers charmed by the young royals. The couple released a similar photograph of Charlotte past year to celebrate her turning one.
  • Chris Soules Bought Booze Before Accident ... According to Prosecutors

    Chris Soules Bought Booze Before Accident ... According to Prosecutors

    The former "Dancing With The Stars" alum was charged with leaving the scene of an accident that results in death. "Ultimately, Mr. Elite Daily reached out to a representative for Soules on the allegation, but did not hear back at the time of publication.

    Philippines says Trump called Duterte to affirm alliance

    On Friday, he told Reuters , "There is a chance that we could end up having a major, major conflict with North Korea ". He was accused of being responsible for the execution of more than 1,000 dealers when he was mayor.
    Turkey's EU Dream Is Over, For Now, Top Official Says

    Turkey's EU Dream Is Over, For Now, Top Official Says

    Turkey's main opposition leader on Tuesday said "a chairman of a political party can not be a president of 80 million". President Barack Obama being elected as a Democrat, our president now has a party affiliation.
  • There's a one-in-four chance your drinking water isn't safe

    There's a one-in-four chance your drinking water isn't safe

    Misael Cabrera, the director of ADEQ, says 98.4 percent of the population is drinking water that meets health standards. Health-based violations brought a higher rate of formal enforcement actions - 21.2 percent.
    Gunman Fires On Paramedic Treating Gunshot Victim

    Gunman Fires On Paramedic Treating Gunshot Victim

    The unidentified officer "went above and beyond as numerous Dallas police officers do each and every day", Pughes said. The shooting occurred not far from the Dolphin Road Fire Training Academy, the city of Dallas said in a statement .

    Kelly Rips set to announce new co-host for 'Live'

    And we're not great at that. "I'm going to frequent-fly quite a bit", Seacrest said on the show as official co-host. Actor Chris Pratt was the first guest, and he carried balloons and roses onstage to give to the new broadcast team.
  • Did Melania Trump Get Caught Throwing Shade At Donald Trump On Twitter?

    Did Melania Trump Get Caught Throwing Shade At Donald Trump On Twitter?

    As of this morning, she's only ever liked one tweet , and that was the one she herself wrote, saying hello to Twitter in 2012. And there was also a retweet of a Slate story about how "The Melania Trump immigration story was a case of bad reporting".
    Ducks hammer Oilers in Game 3, get first win in series

    Ducks hammer Oilers in Game 3, get first win in series

    We should have seen it coming, this wacky 6-3 Oilers loss to the Anaheim Ducks, the blowout that wasn't, then was again. The Swede got his fourth goal of the postseason, matching his career high from the 2015 playoffs in 10 fewer games.
    Arkansas carries out first double execution in U.S.  since 2000

    Arkansas carries out first double execution in U.S. since 2000

    He had twice attempted suicide and months before the murder, he voluntarily committed himself to a mental hospital in Little Rock. His lawyers filed a writ for habeas corpus on Friday claiming he is intellectually disabled and thus ineligible for execution.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.