Fiscal year 1 January to 31 December. In Hong Kong, the government's financial year runs from 1 April to 31 March. In India, the government's financial year runs from 1 April to 31 March. It is abbreviated as a FY. Companies following the Indian Depositary Receipt (IDR) are given freedom to choose their financial year. For example, Standard Chartered's IDR follows the UK calendar despite being listed in India. Companies following Indian fiscal year get to know their economical health on 31 March of every Indian financial or fiscal year. The current fiscal year was adopted by the colonial British government in
Fiscal transparency efficiency, equity, effectiveness, stability and sustainability of fiscal policies. This in turn enhances the likelihood that fiscal policies will have positive economic, social and environmental impacts. • Global Initiative for Fiscal Transparency (GIFT)<br> - GIFT's Resources and Publications.<br> - High Principles on Fiscal Transparency.<br> - Principles of Public Participation in Fiscal Policy.<br> - GIFT’s Guide on Principles and Mechanisms of Public Participation in Fiscal Policy.<br> • The World Bank - Fiscal Transparency<br> • IMF - Fiscal Transparency: (Fiscal Transparency Code, Fiscal Transparency Evaluation, Fiscal Transparency Manual and Natural Resource Guide)<br> • Public Expenditure and Financial Accountability (PEFA)<br> • The Extractive