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.
First special train in lockdown, Jharkhand departs from Telangana with 1200 workers
The lockdown continues across the country due to the Corona virus. Due to the lockdown, migrant l
The sand mafia, mining mafia, and cow smugglers have defied the entire system. The state governme
Know - What does it mean to ban the Chinese app? These apps will not update or run
On Monday, the Indian government has banned 59 mobile apps from China, including TikTok. However,
Samsung's new foldable phone Galaxy Z Fold 2 has been launched in India. Its price in the Indian
Uphill task for Kashmir's first professionally-qualified finance minister
Jammu, March 17 (IANS) The PDP-BJP coalition government in Jammu and Kashmir faces its first ma
I was born on 7th July 1973 in Meerut city of Uttar Pradesh. In a way, music is inherited. My fat
The Supreme Court refused to hear a petition challenging the 'VIP' darshan facility in temples in
Strict on weddings in Gautam Buddha Nagar after Delhi, now only 100 people are allowed to be called
The uncontrolled Corona in Delhi-NCR has now forced the governments and administration to take to
Court can't intrude into legislature's domain, says SC
New Delhi, Feb 18 (IANS) The Supreme Court Wednesday said it was for elected representatives to
Salaar Release Date: Prabhas will compete with Shah Rukh Khan, 'Salaar''s new release date announced
Salaar Prabhas Movie Release Date: A big update is coming out about South Cinema superstar Prabha
