Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Live: LIVE: UP Chief Minister Yogi Adityanath Speaks To Rahul Joshi
you are here: HomeNewsTrends

Why goofing up with April is risky?

April is more than the Fool’s Day. It is the month of beginnings, a month of new starts, a month that sets the tone for the year ahead, for people as well as businesses. It is the time to plan, learn, reflect and grow.

March 27, 2021 / 08:55 AM IST

Note to readers: Soch to Success is a weekly column to enhance critical thinking skills for you to achieve success. Each article is packed with insights, tools, and a roadmap to action.

Clanging utensils, sounding bells and claps—we made a lot of noise around this time last year to thank healthcare workers and essential service providers. The fool’s day played to empty streets as we welcomed April from the confines of our balconies. Last year, our perspective of April changed. The April fool’s day got fooled itself and arrived like any other lockdown day—filled with anxiety, fear and worry. On April 5, we were back in the balcony lighting lamps. India had less than 4,000 coronavirus infections but now, Mumbai alone is reporting more than 5,000 cases a day.

But this April, unlike the last one, will be a new April. New because now we know our new working patterns. New because we value health and well-being more than ever. New because we are more empathetic and thankful for just being here.

April is the month of new beginnings—the beginning of a new year, a new financial year and a new accounting year for most companies in India. All filings on annual financial performances have to be completed by March 31. In the last few days of March, accountants and business heads scramble not just to close the year but to also budget for the new one. Ideas, big or small, are sown. Budgets firmed up.