2 Decision comes on heels of PM Modi urging to shift fiscal year to Jan-Dec period. 3 State government to finish the current budget proceedings by December this year. Madhya Pradesh today became the first state to announce shifting of its financial year format to January-December from the present April-March cycle. "The state cabinet in its meeting chaired by Chief Minister Shivraj Singh Chouhan today decided to shift the fiscal year January to December. He had said there have been suggestions to shift the financial year from January to December.

Source: India Today May 02, 2017 14:00 UTC