PM Narendra Modi want to restart debate and discussion on Simultaneous Elections to Parliament and stat. Modi also bets to shifting fiscal year to January to December.
Modi said in Niti Ayog Governing Council’s Third meeting, India is suffering from economical and political mismanagement. “Because of poor time management, many good initiatives and schemes had failed to deliver the anticipated results,” Modi said.
PM Modi also forward the debate and discussion on Goods and service Tax (GST), and ask stats to make arrangements without delay for the roll out of indirect tax from July 1.
Earlier Modi also said about budget dates referring to Monsoon period, because agriculture income is too much affected in India and budget should be declared right after the monsoon.
And financial should be referring to our farmers and agriculture business.
The prime minister asked the states to take the initiative in this regard. Currently, India follows April-March as fiscal year.
Later, briefing reporters about the meeting, Niti Aayog vice chairman Arvind Panagariya said the prime minister wants that “we should think of January-December financial year as this is appropriate from the point of view of farmers”.
“Niti Aayog is working on a 15-year long term vision, 7-year medium-term strategy, and 3-year action agenda,” Modi said, adding the vision of ‘New India’ can only be realized through the combined efforts and cooperation of all the states.
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