January-December A Fiscal Year: PM Narendra Modi Tells Chief Ministers

On Sunday Prime Minister Narendra Modi made another point for holding simultaneous elections to The Lok Sabha and state assemblies and shifted back to a January-December financial year. Narendra Modi was addressing Chief Minister at a meeting of Niti Ayog the plan body, asked state for advancing the Fiscal Year to January-December, as it said that it would help to prepare budgets as soon agricultural income is received. April-March Fiscal Year is currently India being operate.

10 points from PM Narendra Modi’s Pitch:

1.Delivering closing remarks by Narendra Modi at a day long third meeting of the Governing council of the Niti Aayog. Narendra Modi said, received suggestions that the financial year be shifted and urged states to take the initiative.

2.Narendra Modi said that, agriculture income in the country is very important, budget should be prepared urgently after the receipt of such income of the year.

3.Earlier Narendra Modi set up a committee to examine alter the financial year. The end of February to the 1st of that month the presentation of the union budget was advanced.

4.The country has long suffered from economic and Political mismanagement, Narendra Modi said in a speech "Because of poor time management, many good initiatives and schemes have failed to deliver anticipated results.

5.They also took forward the debate by holding coincident elections to Parliament and state legislatures.

6.The Niti Aayog Vice Chairman Arvind Panagariya told the reporter after the meeting that, "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."

7.The local governments and NGOs to decide for 2022 and work in mission mode towards achieving them Narendra Modi urged states. “The India of the dreams of our freedom fighters" by 2022, the 75th anniversary of India's Independence,” Narendra Modi called on the Chief Minister state Governments to work with centre.

8."speed up capital expenditure and infrastructure creation" PM Modi called upon states, to spur growth. For 15 year long term vision the Niti Aayog is working, a 7 year medium term.

9.At Rashtrapati Bhavan the third meeting of the plan think tank’s held, after the 21 months last meeting.

10.The meeting was skipped by the West Bengal Chief Minister and sent her finance minister. Arvind Kejriwal Delhi’s Chief Minister and Meghalaya Chief Minister Mukul Sangma has also not attended the meeting.

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