{"id":25785,"date":"2017-05-11T12:52:44","date_gmt":"2017-05-11T12:52:44","guid":{"rendered":"https:\/\/www.edristi.in\/?p=25785"},"modified":"2017-05-11T12:52:44","modified_gmt":"2017-05-11T12:52:44","slug":"first-state-switch-january-december-financial-year","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/first-state-switch-january-december-financial-year\/","title":{"rendered":"First state to switch to the January-December financial year"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question: Recently which of the following states became the first state to switch to \u2018January-December financial year\u2019 from the existing \u2018April-March cycle\u2019?<\/strong><br \/>\n(a) Uttarakhand<br \/>\n(b) Madhya Pradesh<br \/>\n(c) Uttar Pradesh<br \/>\n(d) Maharashtra<br \/>\n<strong>Ans(b)<\/strong><br \/>\n<strong> Related facts:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>On May 02, 2017, Madhya Pradesh became the first state to switch to January-December financial year from the existing April-March cycle.<\/li>\n<li>It may be recalled that the central government had constituted a high-level committee under former Chief Economic Advisor Shanker Acharya to examine \u201cdesirability and feasibility\u201d of having a new financial year.<\/li>\n<li>The April-March financial year has been followed in India since 1867 from the time of the British Raj.<\/li>\n<li>It was adopted to coincide with the British financial year.<\/li>\n<li>Prior to that, India\u2019s financial year was May-April.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\n<strong>Reference:<\/strong><br \/>\n<a href=\"http:\/\/indianexpress.com\/article\/india\/shivraj-singh-chouhan-niti-aayog-prime-minister-narendra-modi-budget-madhya-pradesh-changes-financial-year-to-january-december-from-2018-4637340\/\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/indianexpress.com\/article\/india\/shivraj-singh-chouhan-niti-aayog-prime-minister-narendra-modi-budget-madhya-pradesh-changes-financial-year-to-january-december-from-2018-4637340\/<\/a><br \/>\n<a href=\"http:\/\/www.news18.com\/news\/india\/madhya-pradesh-becomes-first-state-with-january-to-december-fiscal-year-1389913.html\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/www.news18.com\/news\/india\/madhya-pradesh-becomes-first-state-with-january-to-december-fiscal-year-1389913.html<\/a><br \/>\n<a href=\"http:\/\/www.business-standard.com\/article\/economy-policy\/mp-becomes-first-state-to-formally-shift-to-january-december-financial-year-117050200763_1.html\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/www.business-standard.com\/article\/economy-policy\/mp-becomes-first-state-to-formally-shift-to-january-december-financial-year-117050200763_1.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: Recently which of the following states became the first state to switch to \u2018January-December financial year\u2019 from the existing \u2018April-March cycle\u2019? (a) Uttarakhand (b) Madhya Pradesh (c) Uttar Pradesh (d) Maharashtra Ans(b) Related facts: On May 02, 2017, Madhya Pradesh became the first state to switch to January-December financial year from the existing April-March [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":25697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1149],"tags":[2369],"class_list":["post-25785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pls","tag-places"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/25785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=25785"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/25785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/25697"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=25785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=25785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=25785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}