Ad Here  
Revving up the manufacturing sector More heat than light ONGC at KG Basin Why land prices zoom in TN? Convulsions in The Hindu Vibrant Gujarat Editor's Notes Colour-Chem’s colourful KRVS Quality silica from Neyveli Rs.1600 crore paper board plant of TNPL Airlines in India: cost and space Liberal imports idling indigenous capacities Naidu’s return augurs well for Seemandhra There was flood of milk. Reason: no milk commissioner! IPL type auction for VCs? Valli, they are more marginalised Diamond jubilee of Egmore Samskrt School Gas is the way forward A professional at the helm of IRDA... Building loyalty through the stomach Readers' Mail He saved millions from starvation... Computation of GDP – conundrums continue Godspeed, Chief Minister JJ Demise of a media baron... Silver Years of Madras Musings Padma Bhushan for A Ramakrishna Sri Lanka votes for change WTO Meet: resolved to meet again China invests in India Like Hinduism: many paths to reach God... MHC should not return to its old indisciplined ways Noble nonagenarians... Rahman at CIC Land reclamation from sea appears cheaper! Solar, solar everywhere … Russi Mody – a tribute Delhi is distant Air Asia India will set new benchmarks for budget travel He continues the focus on social amelioration The nuclear option …and of a popular trade leader Delhi is distant… TGS- The king storyteller The few handicaps... Funding the un-funded Why this malaise in medical education? A yen for wastage… Mu Sigma – is no more A Grand Finale for SN’s MS centenary at the US… An informal presentation - analytical, forward locking... A welcome initiative by the judiciary Revive development banks... Infrastructure funding – lessons learnt When online building permits work…. Kulandai was a giant Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated No mega rail project for Tamil Nadu A rich pool of talent not utilised…. The rise and fall of Annamalai University Permanent secretariat for TN GIM Road development slows down Make standards certification mandatory... Odisha: spectacular win by Naveen Patnaik Discoms deserve better… Boy, can you beat these? Excel Generators provide the vital back-up EEC at the National Media Centre A C Muthiah – his munificent bequeaths to science When nations steal growth from one another… Wanted: a second airport for Chennai Five star activism stalls development activity Maximising the micro pricing … Another Indian music maestro at the UN Reliance’s TV – 18 ready to launch Tamil News Channel Marketing expert Balagopal is no more Mersal magnified Moily’s bold thrust Should we change the official year? Tatas moving out of urea production... Whistle-Stop Tour of Raghuram Rajan No Maha Koottani in TN... An inexplicable neglect Shipping woes of Chennai companies When TN politicians can emulate Kerala's PPP mode for upgrading Corporation Hospitals TELANGANA at last…BUT Sweet news for TN sugar mills Alexa – Talking Wikipedia Making ‘my Amaravati’... Tribute – M V Murugappan Recognition to role of NBFCs.... Naidu will soon build a new Hyderabad CSR and CMI: promise of another Srinivasan Ramanujan... Wise Presidents Welcome GST CII projects higher growth… How Air-India loses customs... Fortune for Indian Airlines Robber barons everywhere Engineering seats go abegging Fuel for thought When the President was rendered homeless… Fall in crude prices help in oil sector reform Nuclear power at the nucleus Shanti and Sadhana through Music Tribute – Manikam Ramaswami Tribute – UCAL Selvan… Align crops to agro climate endowments… More tributes to GR Eternal support for capitalisation of PS banks Plummeting profits of PSBs Adapt Vajpayee dinner diplomacy Parliament in paralysis... SoA @ 80 The balancing act Cutting the nose to spite the face An enemy’s enemy is a friend Build close rapport with business leaders Online not in line with brick and mortar businesses... Cleaning Ganga – relocate tanneries and install electric crematoria Shaming of Tamils by Tamil farmers at Delhi Roaring Ro-Ro facility F C Kohli - his concerns all embracing A proud Madrasi Tax agriculture Waning interest in public discussions… Remembering Indira Sivasailam... Inflation: are we emulating Argentina and Brazil? Protest masters... Measuring roof tops in terms of KW/MW B H Kothari - a tribute Modi and the lady A more liberated TN… Bihar – Nitish Kumar adopts the Lalu model A glass full of corruption Tihar, Puzhal not different from Parappana Agrahara Quality education through the PPP mode Fortune 500 review Cement prices continue to rise… Towards speedy justice The brown list of Venkitaramanan Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Paytm karo... Telangana in top gear… CIPET hqrs to stay at Guindy – for the present? Poor quality of university VCs A Grand Finale for SN’s MS centenary at the US… A friendly business group More Shakti to resource mobilisation... Poor representation for Kerala and TN in Cabinet Come elections, come advertisements... to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines A think tank for Chennai L&T- the specialty of special purpose vehicles Muffled voices for merit… Kinetic Karnataka Scientists urged to take up farmer-oriented research The power-full Hindujas Which side are you, Montek? Editor's Says Kudos to NDTV... The rise and rise of KCP New IT products of Ramco in the pipeline… GM Technology at last! Banning booze... Limit foreign borrowings to hi-tech, export potential projects... Polls and promises TIAM turns a full cycle Shale gas and its shallow future Dr C Rangarajan returns to Chennai L&T: focus on infrastructure and more infrastructure… Solar thermal shines… Haul over the coal Tatas moving out of urea production... Medical costs hit the roof... S V Raju – a ‘good’ true liberal S Ramanathan – a versatile musician, musicologist West Bengal: mindless malignancy Auto components surge… Lalu’s envy, India’s pride The star of Spencers is no more This scant respect for Law Preserving for the future The ‘Ayyo-yes’ is no more IPL - no surprise this scam Bihar elections - the Rajaji formula worked Of course, Gujarat is vibrant London, London Narayan The Jan Dhan bonanza Put expensive assets created to use... Return to king coal for urea... When Ratan Tata visited SRM Music happens Small units prefers to remain small... Delhi returns to BJP IAS invades NDDB... GNS - 100: our first subscriber Insurance companies bleeding, yet no decision on increasing FDI limit! TN – agglomerate land holdings without alienating ownership Secularism and anti-Hinduism Tough task taking states together Don’t seem to feel the pulse… Breaththrough in malaria control The ‘Jayanthi Tax.’ Modi storms Silicon Valley PC’s preference for professionals Tribute Welcome changes that testify to Jayalalithaa’s return to health Strengthen the base... More Shakthi to Das’ elbow The Gulf aviation boom Focus on quality of power - its only around 170-180V Sweeter prospects for sugar For whom the MIDS bell tolls? No engine for this car Gay abandon in pricing Adharma of opposition politics Welcome thrust on trade in Modi’s foreign visits... Where is Rajaji? Things happen by accident and not by design... Pharma – overdose of copying Streamlining mandatory third party cover TN accounts for the largest recruits by the IT sector The why of tax incentives The Ports’ Pasha expands into Tamil Nadu All eyes on Sankara Nethralaya CRS, a jewel among managers, is no more. Lesson from Chandrababu Naidu For whom the bell tolls? R Sridhar steps down as CEO of Shriram Capital Delhi Chalo... Increasing non co-operation of state leaders Not just in-laws (and outlaws); they’ve renowned academics at the helm! The Swadeshi Trump Intellectual of rare qualities Welcome focus on core competence The sea- saw battle continues... Where a state respects its litterateurs… Contrarian cousins TN-leverage strength of BHEL, NLC... EVM is tamper-proof When small is no larger beautiful.. Multi-faceted Venkat
Should we change the official year?

Addressing the governing council of NITI Aayog attended by state chief ministers, Prime Minister Narendra Modi welcomed the suggestion of NITI Aayog to change the financial year from the present April-March to January-December. The reason is to synchronise it with the agriculture season. 

I find this reason somewhat flawed. For a large country like India with different monsoon patterns, agriculture seasons are not uniform. For the major crop of rice with large varieties related to water availability, the season extends round the year.  For wheat, essentially a winter crop in the north, the season spreads from November to April. For sugarcane it is October-September. Horticulture accounts for more than half of total value of agriculture production. For horticulture the season is different for different crops.

The second issue relates to the falling share of agriculture in the GDP. It is only 14 per cent and is still falling. For Tamil Nadu it is already low at 8 per cent. Over the years the industry and services sectors have switched largely to the present financial year of April to March. Look at the task for thousands of companies and businesses forced to switch to the new financial year.

Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236