
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.
Ranbir Kapoor and Shraddha Kapoor's film 'Tu Jhoothi Main Makkar' is going to release soon. In su
The story of Akshay Kumar starrer film 'Kesari 2' is based on the painful incident of the Jallian
Corona Cases In India: The cases of corona in the country have started increasing once again. The
Chief Minister Captain Amarinder Singh has announced the promotion of fifth-eighth and 10th-grade
SC quashes Section 66A, says it curbs Freedom of speech
New Delhi, March 24 (IANS) The Supreme Court on Tuesday quashed Section 66A of the Information
While the whole world has been battling the coronavirus for the last two years, now scientists ha
The date that the country was waiting for has been announced. Corona vaccination program across t
China has installed 3 mobile towers in the hot spring adjacent to the LoC. Konchok Stanzin, counc
Rashmika Mandanna and Vijay Deverakonda's wedding news is currently a hot topic in B-town. Report
A special CBI court in Ranchi has sentenced RJD supremo Lalu Prasad Yadav to 5 years imprisonment