
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.
Should the rallies be stopped after the leaders become ill? People say this
Assembly elections are to be held in five states in the country this year. All the political part
Primitive humans died 40 thousand years ago, but their DNA was not found on Earth
The primitive man was discovered in the year 1856, but even today the mystery remains in many cas
The first match of the three-match ODI series between India and England is to be played at the Ke
Airwaves are public property: Jaitley
New Delhi, March 16 (IANS) Airwaves are public property and the myth that they are the monopoly
Former Mumbai NCB zonal officer Sameer Wankhede has received death threats. He has been given thi
10-10 matches of all the teams of IPL 2021 ended, know what is the condition of the points table
IPL 2021 Points Table: About 75 percent of the league matches of the 14th season of the Indian Pr
Prime Minister Narendra Modi on Tuesday inaugurated the new integrated terminal building of Veer
New Delhi: Coronavirus cases are seen to be increasing rapidly in India and there are record case
There is tremendous hype about Hindi cinema mega superstar Salman Khan's upcoming film Sikandar.
Earthquake tremors have been felt in Jammu and Kashmir. According to the earthquake mobile app, t