Yes we should move to Jan 1 - 31 Dec cycle for the sake of simplicity and compliance.

These days almost every organisation accounting process is through computer. Changing Accounting Year from April-March to January-December will ease the account maintenance. Simultaneously Bank & Income-Tax accounting/assessment year should be changed. Everything should be on calendar year basis. This will help export/import documentation and will help Indian Companies to become Multi-National easily. We should plan & implement from 2017.

Our financial year should be same as for majority of the countries with whom we are trading or where lots of Indians are living. This will be good for accounting purpose for traders / companies as well as for individuals for filing in one tax returns.

Glad an expert committee has been appointed to study the idea in detail. It would be nice to have the calendar year as the financial year, like in the USA.

I think we should promote preventive medicine and yoga teachers should be appointed in all the government institutions in a certain ratio according to the number of staffs so that our people will not fall sick and even we don't need doctors for unnecessary reasons like NCDs because they are not diseases of chance or fate they are diseases really created by us.

I would like to appeal all the brothers and sisters of India to vote for the party in the next election who does brings a positive radical shift in public health expenditure.

Next time all the youth should stand united to vote for the party who provides better health. we need good health and quality education in public schools. I think government must look it seriously that the government schools should not lack in any matter from the private schools.

I think that financial year we have has no faults but the real motives of the political parties are of utmost importance. I am now realizing that all the subsequent governments have reduced budget on health and education. these are two pillars on which the country stands and without them all the promises of development is in vain.

Every country has their own fiscal year. Only 10 countries has Jan, 7 countries has April as financial year. check this chart attached. (ref https://en.wikipedia.org/wiki/Fiscal_year )
Hence the question is if India wants to be JagatGuru, wether She should follow the world or the world should follow Her?
We have always entertained and celebrated plurality. That is the beauty and complexity of this culture.
Why this suggested change? is it for good or for better? I am for better.

April 1 has often caused issues to finance ministry in budgetary decisions. If are seriously thinking about changing FY then I would say it is a good step and great opportunity.

Let's change the FY start date to either 1 OCT or 1 Jan.
1 Oct would help Finance ministry to make proper decisions based on current rainfall instead if depending on FY rainfall forecasting.
1Jan would help us be in line with global markets. Global companies would appreciate this and would invest more in India.