UP Mining Dept set to record increase in revenue
The Uttar Pradesh mining department is set to generate significantly higher revenue during the 2023-24 financial year than the previous fiscal.
Finance Minister Arun Jaitley on Friday said the government is considering changing the financial year to January-December to coincide with the calendar year.
"The matter of changing financial year is under consideration of the government," Jaitley said here in a written reply in the Lok Sabha.
The matter has been examined recently by a committee constituted by the government under the chairmanship of former Chief Economic Adviser Shankar Acharya. The report of the committee has been received, the Finance Minister said.
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Jaitley refused to comment on whether the government was proposing to present the Union Budget in November-December this year to enable the change in financial year.
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