<h1>Finance Ministry Boosts Growth: Inflation Drops, RBI Cuts Rates, New Banks Formed, Infrastructure Investment Rises in Fiscal Year.</h1> The Ministry of Finance has implemented various initiatives in the fiscal year to enhance revenue collection, streamline taxation policies, and improve economic growth. Key achievements include a significant decline in inflation rates, with the Wholesale Price Index (WPI) dropping to -3.8% in October 2015. Measures to control inflation involved delisting certain food items from the APMC Act and adjusting import duties. The Reserve Bank of India (RBI) reduced the policy rate by 125 basis points to spur growth. Banking reforms included the establishment of Payment Banks and Small Finance Banks to boost financial inclusion. Additionally, the government launched the National Investment and Infrastructure Fund (NIIF) and promoted Public Private Partnerships (PPPs) for infrastructure development. The Ministry also focused on financial stability, tax-free bonds issuance, and international cooperation through initiatives like the BRICS New Development Bank and AIIB membership.