Committee to examine the desirability and feasibility of having ‘a new financial year’

Government today constituted a to examine the desirability and feasibility of having ‘a new financial year’

Question: Who is the head of the committee constituted by government to examine the desirability and feasibility of having ‘a new financial year’?
(a) K. M Chandrasekhar
(b) P. V Rajaraman
(c) Dr. Shankar Acharya
(d) Dr. Rajiv Kumar
Ans: (c)
Related facts:

  • On 6 July 2016 the Government of India constituted a Committee to examine the desirability and feasibility of having ‘a new financial year’.
  • The Committee is 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 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 the various relevant factors.
  • The Committee has been given time till 31st December, 2016 to submit its Report.

Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=146883