Prime Minister Narendra Modi urges states to consider January-December fiscal year – India.com

New Delhi, Apr 25:With the aim of preparing budgets as soon as the agricultural income is received, Prime Minister Narendra Modi in the governing council meeting of the NITI Aayog asked the states to consider the advancing of the fiscal year from April-March to January-December. PM Modi stated that in a country where agricultural income is exceedingly important, the budget must be prepared immediately after the receipts of the year are received.

A committee to examine the shifting of the financial year was set up earlier by PM Modi. The government also advanced the presentation of union budget from February end to 1st February. Pitching for January-December fiscal year,PM Modi said that because of poor time management, many good initiatives and schemes had failed to deliver the anticipated results.

He also reiterated the idea of holding simultaneous parliamentary and state assembly elections, saying that the country had suffered from economic and political mismanagement for long now, and that a constructive discussion had already begun on the subject.

The Prime Minister said if the elections are held simultaneously, then political parties could just focus on them once in five years and then use the rest of the period to do serious work, NITI Vice Chairman Arvind Panagariya told reporters after the meet.

Modi also called upon the state governments to work with the Centre as to build the India of the dreams of our freedom fighters by 2022, the 75th anniversary of Independence.

He urged states, local governments and all government and non-government organisations to decide goals for 2022, and work in mission mode towards achieving them.

He called upon the states to use the GeM (Government e-Marketplace) platform to reduce corruption and increase transparency in government procurement, adding that the use of technologies such as BHIM and Aadhaar would result in significant savings for the states.

(With inputs from IANS)

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Prime Minister Narendra Modi urges states to consider January-December fiscal year - India.com