
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.
There were 64 lakh cases of infection in May
The National Population-Based Sero Survey has revealed that 0.73 percent of adults in India were
BJP got the highest corporate donation of 698 crores, know who gave the most donation
According to the latest report by the Association for Democratic Reforms (ADR), in 2018-19, the B
Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation of
The US has welcomed India's recent move to reduce tariffs on several American agricultural produc
Weather patterns are changing rapidly in North India. Mercury is falling rapidly in all the state
new Delhi. The condition of Corona virus has worsened the condition of most of the countries arou
The Union Health Ministry has decided that children below 12 years of age will not be given the c
PIB Launches Webpage on Vivekananda
New Delhi, Jan 12 (IANS) The Press Information Bureau (PIB) Monday launched a webpage to mark t
Bombay High Court: Time for government to release 400 gr, but not to form a committee on fire safety
The Bombay High Court has asked why the present and previous governments of Maharashtra did not g
Rajasthan Royals and Delhi Capitals will try to forget their defeat in the last match and make a