With inflation apparently under control and growth in need of a boost, the government once again nudged RBI to cut interest rates further. Addressing a press conference in New Delhi yesterday, Finance Minister Arun Jaitley favoured rate cut. He indicated that the government would like all help it can get to prompt industries to invest, developers to build and consumers to borrow. Mr Jaitley said the economy was on a recovery path with macro-economic indicators such as inflation and fiscal and current account deficits under control. He added that foreign direct investment into India had risen by 40 per cent in 2014-15 compared to the previous year.