
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.
Allu Arjun starrer 'Pushpa 2: The Rule' has been released in theatres on 5 December amid a lot of
Do something different, C.N.R. Rao tells students
Roorkee (Uttarakhand), March 28 (IANS) Eminent scientist C.N.R. Rao has asked students to take
Ahaan Pandey won everyone's heart after debuting in Mohit Suri's film Saiyaara. After the movie,
HC slams EDMC for Stopping Pension, seeks response
New Delhi, Jan 21 (IANS) The Delhi High Court Wednesday slammed the East Delhi Municipal Corpor
Earthquake in Taiwan: Today is once again recorded in history for Taiwan. Exactly 25 years ago, t
Pro-ISIS Twitter handler sent to judicial custody
Bengaluru, Jan 2 (IANS) A special court Friday sent ISIS Twitter handler Mehdi Masroor Biswas t
India expects Nepal's leaders to work together for constitution
New Delhi, Jan 20 (IANS) As Nepal's opposition leaders indulged in violence in the Constituent
Sridevi is known as the first lady superstar of the Bollywood industry. Even after his death, no
Poor financially more vigilant, no need of moratorium
With the pace of economic activity increasing, loan installments have started coming in fast with
ICC Women's World Cup 2022 Points Table: In the ICC Women's World Cup 2022, Pakistan (PAK w vs BA