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.
India has always been an important factor in the politics of Pakistan. Delhi has always been a to
IPL 2024: Fans booed Hardik in Wankhede, Rohit stopped him and was seen pacifying the audience.
The 17th season of IPL has been full of bad memories for Hardik Pandya so far. On one hand, the t
Heavy rains continue in Himachal Pradesh. Heavy rains occurred in Kangra, Bilaspur, Kullu, Hamirp
Kannam Rajendran: New CPI Kerala State Secretary
Kottayam (Kerala), March 2 (IANS) After hectic parleys, the central leadership of the Communist
Given the severe pollution and health emergency-like situation in Delhi, the Delhi government has
SC upholds life term for six in Manjunath murder case
New Delhi, March 11 (IANS) The Supreme Court on Wednesday upheld the life sentence of six peopl
Kangana Ranaut's film 'Emergency' has been in the news ever since her first look was revealed. Ka
Amaal Malik plays another 'game' with Tanya Mittal, a new twist on the sweater in 'Bigg Boss 19'
Every day, the reality show Bigg Boss 19 sees a new drama unfold. Sometimes it's a fight over hou
Allu Arjun's children Ayaan and Arha were spotted being taken to a safe place hours after the att
Section of Media Defaming me: Tharoor
Kolkata, Jan 15 (IANS) Congress MP Shashi Tharoor Thursday slammed a section of the media for "
