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New Financial Year(G2G3) (IMPORTANCE (Centre says the year will coincide…
New Financial Year(G2G3)
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WHAT?
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India, HK and Canada followed this as British colonies
IMPORTANCE
Centre says the year will coincide with Farmers Income --> Weak argument because of falling agriculture share in economy
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IMF, WB give projections for Calendar year.
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Shankar Acharya Committe
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Committe gave reason to change and its effect on businesses, taxation system, statistics and data collection
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