Yes. Why not keep it simple.

This step will give companies more time to do their business. Now they are spending more time on preparing statements two times. This leads to more data inconsistencies.

we should change the financial year from April/March to Jan/Dec as it will save lot of time,efforts and money to Corporates having operations in multiple countries. Also the operational data of Companies will be comparable, be it inter-company or intra-company.As businesses are increasingly becoming integrated with world economy, we must take this pro active step to make our companies still more competitive. CA Mahesh Keswani

In North America also Calendar year is taken as financial year/anniversary year for individuals while for business purposes anniversary or financial year is taken as a period of 12 months starting from the date of establishment of business enterprises.

I do not think there is any need for switch over from financial year to calendar year that will mean wastage of resources.

Dear sir
Around the world in mostly countris jan to dec financial year is followed, this is most welcome step by govt which address comparability issues for global and indian entities, positive for FDI, positive for compliance for Foreigninvestors, oppertunity for india inc to enter into world market.
Sir i am currently working in bangkok where tax system is very simplified so we welcome and strongly recommand new financial year system
Jai hind

Budget and schemes are announced good but why not report card or progress report of project so people can know how much delay and progress are done with public money.

The changing Financial year to January to December is most welcome. Common man knows only the calender year. It is also easy to quote statistics in future pertaining to a particular year.Many other countries are having financial year from January to December.

Sir:Thedecisiontochange the Financialyear is mostwelcome.Nothing is impossible.We haveto chalkout ourneeds basedon our interests and talents.The Gov. is not taking any decisions on any single man concept.The matter is referred to expert committee and they are intellectuals and theywill think about andexpress theiropinion.The Govt.can finalise thisissue based onthe needsand feasibility.There canbe nothing like that this can't be done or otherwise.Where thereis awillthere isa way.Letthe bestemerge

70 years after independence we are finally thinking of making our own laws and attempting to come out from the shadow of the British legislations. Companies Act 2013 or GST, we are trying to bring about structural changes at par with the global practices.
It will be inappropriate to change the financial year only to sync it with the monsoons as the monsoons are unpredictable and the financial year has to be constant.
The Socio Economic conditions of our country...

India's overseas business partners in other countries make financial statements on calender year basis for other countries and another for Indian financial years. From Jan to March is their first quarter and for India it last quarter for two different financial years. It is not in harmony with rest of the world. It is now necessary to harmonise Indian business year with rest of the world.