The government is moving to shift the national fiscal year from the current July-June cycle to an April-March schedule. This transition necessitates comprehensive revisions to existing laws, regulations, and various government operational systems. To ensure a smooth transition, all relevant ministries have been instructed to submit detailed, time-bound implementation plans by 25 October.
Economy
Government seeks time-bound plans for fiscal year shift to April-March
The government has requested ministries to submit time-bound plans by 25 October to facilitate the transition of the fiscal year from July-June to April-March.
Source: The Business Standard