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 welcomed the steps taken by the Reserve Bank of India (RBI) and said the measures will enhance liquidity, improve credit supply and help small businesses and farmers hit by the nationwide lockdown. "Today’s announcements by RBI will greatly enhance liquidity and improve credit supply.
These steps would help our small businesses, MSMEs, farmers and the poor. It will also help all states by increasing WMA limits" Modi said in a tweet.
RBI Governor Shaktikanta Das, earlier during cut the reverse repo rate, provided special liquidity support to non-banking finance and microfinance companies, eased asset classification norms, and facilitated increased emergency funding for state governments.