Narendra Damodardas Modi (born 17 September 1950) is an Indian politician serving as the 14th and current Prime Minister of India since 2014. He was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament for Varanasi. Modi is a member of the Bharatiya Janata Party (BJP) and of the Rashtriya Swayamsevak Sangh (RSS), a Hindu nationalist volunteer organisation. He is the first prime minister outside of the Indian National Congress to win two consecutive terms with a full majority and the second to complete five years in office after Atal Bihari Vajpayee.
₹20 trillion package
NEW DELHI: Government bonds declined on Wednesday as investors worried about India's fiscal deficit after Prime Minister Narendra Modi announced a massive ₹20 trillion package to revive the economy, brought low by the lockdown to contain the covid-19 pandemic.
The yield on the 10-year government bond surged nearly 6 basis points to 6.22% as of 1015am. Bond prices and yields move in opposite directions.
On Monday, the yield had surged nearly 20 basis points, the biggest jump in three years, after the government had announced an increase in its borrowing.
The rupee gained 0.3% to 75.29 a dollar. Modi, while announcing the package, had said the ₹20 trillion package, nearly 10% of India’s gross domestic product (GDP), aims to put money in
United States
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Cases: 46 252 513
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