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Gangesh Rameshkumar

Figure it out • 4m

Today's term of the day: Fiscal Year A fiscal year is a 12 month accounting period that a company uses for financing purposes. Unlike a calnedar, it doesn't need to start on Jan 1 and end on 31st Dec. Businesses typically have their fiscal years aligned in such a way that therye able to report their peak sales during the reporting phase For example, many retail businesses prefer a fiscal year that ends on Jan 31 to capture the full holiday shopping season. Educational institutions prefer theirs to run from July 1 to June 30th, in order to align with the academic calendar and student institution payments Fiscal years are written in the following format: FY2025, which stands for fiscal year 2025. For 2024, it would have been FY2024.

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Mahendra Lochhab

Content creator • 2d

India's finished steel imports rose by 22% in fiscal year 2023-24, though growth slowed in the first half of fiscal year 2024-25 after safeguards were implemented.

Mahendra Lochhab

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In the 2021-2022 fiscal year, Jaipur's gemstone exports were $273.79 million, according to SBGL Jaipur, a 35.29% increase compared to the pandemic period.

Sumangal Bose

Jack of all trades • 1y

Most important financial news of this week related to Indian Economy. ¶° India’s fiscal deficit for April-May stood at Rs 50,615 crore or 3% of the total estimated fiscal deficit for the entire financial year. ¶° India’s infrastructure output ros

Mahendra Lochhab

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In the 2022–2023 fiscal year, the auto components industry in India had its highest-ever turnover of $69.7 billion, a 32.8% increase from the previous year