Thursday, April 21, 2016

Why India should abandon the British financial year for one of its own

আমাদের বন্ধু গর্গ'র লেখা। 
উপনিবেশবাদ বিরোধী সংগ্রাম জয়ী হোক

"In Choitro, the last month of the previous year, there are steep discounts and selling activity in order to clear inventories as much as possible so that traders can start the new financial year with minimal carry-overs. Thus, in Bengal (West and East), Odisha, Tripura, Assam, Manipur, Mithila, Nepal and other areas of eastern South Asia, which have a mid-April New Year, this is the season of sales and price-cuts, which people refer to as Choitro Sale.The mid-April New Year is also shared by several other peoples in this part of the world – most notably in Cambodia, Tamil Nadu, Sri Lanka, Thailand, Kerala, Chittagong Hill Tracts and Myanmar. These are all homelands of rice-growing peoples with cultural and civilisational links going back many centuries. Crop and harvest cycle similarities among people represent real civilisational continuities. They are quite different from the “ancient and continuous civilisation” type of myths that are invented by nation-states and then projected onto the past – the shape and size of these types of civilisational continuity claims are typically dictated by contemporary political needs, imaginations, yearnings and anxieties...The government financial year in the Indian Union starts on April 1 and ends on March 31. This is also the case in Canada, Hong Kong, Myanmar, New Zealand and South Africa. Clearly, these widely geographically separated entities are united by a common financial year not because of crop patterns, or anything tied to the practises of their citizens. The root of this unity is the British crown – which created and ruled these political entities in the past. Incidentally, Pakistan and the People's Republic of Bangladesh have delinked from the British financial year...Financial years vary widely across the world, and this has not created any trouble in trade, commerce and international transactions. In the United States, which has 50 states, some individual states follow a different financial year system than the federal government does. Thus, each state’s needs take precedence over overarching structures of uniformity. That is a sign of democratic deepening – of people’s convenience mattering before any other reason."
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