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Narendra Modi

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.

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Opinion | India should stave off corona bankruptcies

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www.livemint.com

As Indian banks brace themselves for another wave of loans turning bad, they need a good way to identify and help insolvent businesses that are not failures, just hit by the lockdown The government plans to spend ₹20 trillion to aid Indians, revive the economy, and make it self-reliant, as Prime Minister Narendra Modi announced on Tuesday.

The details of this massive package are awaited, especially the period over which this money will be spent and how funds will be raised.

The hope is that enough will be done to shore up businesses reeling under India’s lockdown. Emergency credit facilities by the central bank may have helped some firms so far, but, by most accounts, private sector enterprises are under stress.

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