KCR plans to introduce state budget in new format

kcr-budgetTelangana plans to introduce state budget in a new format instead of the existing format of the financial year (April 1 to March 31).

Chief Minister K. Chandrasekhar Rao announced that state budget will be presented in the calendar year format  (January 1 to December 31).

According to a statement from the Chief Minister’s Office, Govt is planning to make calendar year as financial year replacing the present April-March cycle in tune with central govt’s thought process.CM KCR instructed FM Sri E. Rajender and Sr officials to visit Madhya Pradesh for a study where Budget is being presented in the new format.CM KCR reviewed the functioning of Commercial Taxes Dept with Minister Sri E. Rajender and Sr officials at Pragati Bhavan today.