
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 BJP's defeat in the West Bengal assembly elections and the BJP's performance in the rec
In today’s fast-paced digital economy, credit cards have become an essential financial tool
The opposition is taking a jibe at the Congress's promise to give 40 percent tickets to women in
Today is Super Saturday in IPL. The first match of the day will be played between Mumbai Indians
FIR against Pravin Togadia in Bengal
Kolkata, Jan 29 (IANS) An FIR was registered Thursday against Vishwa Hindu Parishad (VHP) chief
59 women infected in the Haryana state, one dead
In Haryana, 59 women have also been caught by Corona. One woman is also included in the lives of
Comedian Kunal Kamra is constantly in the headlines after making controversial comments about Mah
The decline in the number of corona infected continues. On Thursday, the corona report of 91,755
The Union Health Ministry held a press conference on Wednesday regarding the increasing cases of
Pakistan has been grappling with economic problems for a long time. Many efforts are being made c