
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.
After the end of strict restrictions in China, the cases of corona are increasing once again. Two
Videocon Telecom to Invest Rs. 1,200 Crore for 4G Rollout
New Delhi, Feb 19 (IANS) Videocon Telecom, the telecom brand of the $4 billion Videocon Group,
Defense Minister Rajnath Singh said on Monday that after Mahatma Gandhi, Prime Minister Narendra
The Supreme Court will hear the case of rape and murder of a trainee doctor at Kolkata's RG Kar M
Delhi Chief Minister Arvind Kejriwal held a press conference on Thursday. During this, he express
Reliance Industries and Meta Platforms have announced a landmark partnership to build a next-gene
Clear view that government doesn't want me: Amartya Sen
New Delhi, Feb 20 (IANS) Nobel laureate Amartya Sen Friday said that despite Nalanda University
No Shortage of Swine Flu Medicine: Health Minister
New Delhi, Feb 25 (IANS) There is no shortage of swine fl
Income tax action on actor Sonu Sood continues for the second consecutive day on Thursday. From W
NEET UG Exam 2022 Dress Code Guidelines: The National Eligibility cum Entrance Test (NEET-UG) 202