Madhya Pradesh First To Switch To Jan-Dec Fiscal Year
May 4th, 2017
Madhya Pradesh became the first state in India to switch to the January – December financial year from existing April – March cycle. It will break a 150 – year old tradition of adopting the financial year from April to March. This practise of April _ March financial year was adopted by the British Government in 1867. Chief Minister Shivraj Singh Chouhan decided to shift the financial year January- December.