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BTC Election: What Happening BTC Area Financial Year, 1 April to 31 March 2020-21 ?

26.9.20

/ by Bodopress

In India, the government's financial year runs from 1 April to 31 March. It is abbreviated as a FY21.

Companies following the Indian Depositary Receipt (IDR) are given freedom to choose their financial year. For example, Standard Chartered's IDR follows the Indian calendar despite being listed in India. Companies following Indian fiscal year get to know their economical health on 31 March of every Indian financial or fiscal year.

The current fiscal year was adopted by the colonial British government in 1867 to align India's financial year with that of the British Empire. Prior to 1867, India followed a fiscal year that ran from 1 May to 30 April.

In 1984, the LK Jha committee recommended adopting a fiscal year that ran from 1 January to 31 December. However, this proposal was not adopted by the government fearing possible issues during the transition period. A panel set up by the NITI Aayog in July 2016, recommended starting the next fiscal year from 1 January to 31 December after the end of the current five-year plan.

On 4 May 2017, Madhya Pradesh announced that it would move to a January–December financial year, becoming the first Indian state to do so. But later it dropped the idea.

But question is that in Assam BTC area of FY20-21 what happening ? there was not been selected any Govt for performance and requirements public area has not been done any development works. No expenditure are highlighted for public welfare in BTC Area ! If hold election till 31 March 2021 it is to be a better for blank the area as per FY20-21. 



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