
New Delhi, Jan 8 (IANS) The slowdown in the growth rate has tapered out and the economy will recover further because of falling inflation and a favourable external environment, Finance Minister Arun Jaitley said Thursday.
"Emerging trends indicate the growth deceleration in India has bottomed-out. Significant downward trend in inflation has also been recorded in the second and third quarter of 2014-15," he said at a pre-budget meeting here with social sector representatives.
The external environment has also largely turned in India's favour, Jaitley said, according to a finance ministry release.
"Domestic policies to achieve macro-economic balance and the on-going process of economic reforms would lend further strength to the recovery of the economy," he said.
Falling crude oil prices in the international market have come as a breather for the government, he added.
Jaitley also said that apart from ongoing schemes and programmes for the marginalised and vulnerable sections of the society, the government has initiated various special social sector programmes.
It has given a thrust to skills development and the Make in India programmes to improve employability and create more job avenues, he added.
The finance minister, who will present the budget for 2015-16 next month, received various suggestions from social sector groups, including immediate steps to prevent diversion of funds meant for Dalits and tribals, which will make available about Rs.30,000 crore for their development and proper implementation of the Prevention of Domestic Violence against Women Act.
Other suggestions include implementation of a national competition policy to push growth onto a higher trajectory, and adoption of a public procurement law to curb corruption, the statement said.
In the high altitude areas of Uttarakhand, even amidst the cold of blood, the soldiers of the Ind
Road accidents are a major reason for untimely deaths in cities. To reduce these deaths, many cou
The Board of Control for Cricket in India (BCCI) has approved the decision to hold the remaining
Delhi-Noida border will remain sealed, new guidelines were released
New Delhi: New guidelines have been issued for Noida and the Delhi-Noida border will remain seale
Maharashtra Governor joins I Love Cleanliness campaign
Mumbai, Feb 13 (IANS) Maharashtra Governor C.V. Rao Friday joined the 'I Love Cleanliness' camp
The government's big decision, these items of single-use plastic will be completely banned
The central government has taken a big decision to protect the environment. The Modi government h
Sayeed stakes claim to power in Kashmir
Jammu, Feb 27 (IANS) Peoples Democratic Party (PDP) patron, Mufti Muhammad Sayeed Friday staked
Prime Minister Narendra Modi paid tribute to the martyrs of the 2019 Pulwama attack. He said that
The situation is getting worse in China due to Corona. Because of this, Taiwan has made the RT-PC
The country has found another weapon to fight the epidemic amid Corona's record cases. The centra