ECONOMIC SLOW DOWN AND SLEW OF MEASURES
There had been a slow down on the economic front due to many reasons and some of the chief contributors to this state of affairs can be pinned on the strengthening of the USD vs major currencies of the world, the stand off between USA and China, the resurgence of American economy leading to lowering the unemployment rate in USA etc. The first quarter growth rate has slumped to a record low of 5% vis-a-vis 8% in the first quarter of last fiscal. When the nation was going to polls in the beginning of the first quarter in the current fiscal and there were lots of uncertainty on the economic front from the new government that would be formed on the outcome of the polls, the slowing down of the growth is an expected one. The budgetary provisions after the new government took charge added its weight in no small measures to this plight. There were rumours that the budget was that of the former finance minister and the present finance minister had only presented it in...