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.
On the occasion of the foundation day of Gujarat, the state government has given a bumper gift to
The ongoing political and economic unrest in India's neighborhoods has attracted the attention of
On Wednesday, Delhi Police registered a case related to the lapse in security of Parliament under
The speed of Corona in China has become uncontrollable. Since March, there is a spurt in the case
Machil encounter: Life sentence executable after confirmation
Srinagar, March 14 (IANS) The Indian Army said on Saturda
Swine flu deaths cross 250 mark in Rajasthan
Jaipur, Feb 26 (IANS) The swine flu epidemic continued to rage in Rajasthan with six more death
IPL 2023 has crossed its half stage. Almost seven league matches have been played for all the tea
Washington. Demonstrations have continued for 8 days following the death of black civilian George
Modi Congratulates Bankers for Success of PMJDY
New Delhi, Jan 24 (IANS) Prime Minister Narendra Modi has
Rahul Gandhi/ Congress has already geared up for the 2024 Lok Sabha elections in Ladakh. Seeing t
