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.
Reserve Bank of India (RBI) governor Shaktikanta Das today announced a series of measures massive to counter the economic slowdown caused by the novel coronavirus pandemic.
This comes a day after finance minister Nirmala Sitharaman released a ₹1.7 lakh crore package to help the poor and needy tackle problems owing to 21-day lockdown across the country.
Taking to Twitter, Prime Minister Narendra Modi said RBI had taken giant steps to safeguard the economy from the impact of the coronavirus. Here are the key takeaways from RBI governor's address: 1) Repo rate and reverse repo rate have been cut by 74 bps and 90 bps respectively. "The repo rate has been reduced by 75 basis points to 4.4 per cent.