Political Science · Political Institutions in India
UGC NET November 2017 Political Science
Which of the following commission/committees recommended that the financial year should be from 1st January to 31st December?
ALK Jha Committee ✓ Correct
BSarkaria Commission
CSixth Pay Commission
DSecond Administrative Reforms Commission
Correct answer: (A) LK Jha Committee — The LK Jha Committee recommended that the financial year should run from 1st January to 31st December, so the first option is the answer.
Explanation
★The LK Jha Committee recommended that the financial year should run from 1st January to 31st December, so the first option is the answer.
★The LK Jha Committee was led by the economist LK Jha and proposed a shift in the financial year.
★This recommendation arose in response to repeated calls for changing the financial year.
★It followed years of severe drought, particularly those experienced in 1979-80 and 1982-83.
★The committee was established in 1984 to investigate this matter and explore potential reforms.
★The aim was to align the financial year better with the agricultural and monsoon cycle.
★For NET, link the proposal of a January to December financial year with the LK Jha Committee of 1984.
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