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.
Prime Minister Narendra Modi on Friday lauded the Reserve Bank of India’s (RBI) decision to cut benchmark interest rates, three-moratorium on payment of installments, along with other measures on term loans will help the middle-class and the businesses deal with the 21-day nationwide lockdown in the wake of COVID-19 pandemic. “Today RBI has taken giant steps to safeguard our economy from the impact of the Coronavirus.
The announcements will improve liquidity, reduce cost of funds, help middle-class and businesses," Modi said in a tweet. Reserve Bank of India Governor Shaktikanta Das, earlier during the day announced a host of measures to alleviate financial stress, build confidence and keep the financial system sound.