Gujarat following the loss of two assembly seats in by-elections, Keshubhai Patel resigned and yielded power to Narendra Modi. BJP retained a majority in the 2002 election, and Narendra Modi remained as Chief Minister. On 1 June 2007, Narendra Modi became the longest serving Chief Minister of Gujarat. BJP retained the power in subsequent elections in 2007 and 2012 and Narendra Modi continued as the Chief Minister. After Narendra Modi became the Prime Minister of India in 2014, Anandiben Patel became the first female Chief Minister of the state.Vijay Rupani took over as Chief Minister and Nitin Patel as Dy. Chief
Premiership of Narendra Modi budget was moved from 28 February to 1 February and financial cycle was changed from July to April. Further, the artificial distinction between planned and non-planned expenditure was removed. Foreign Investment Promotion Board (FIPB), considered as a hurdle in FDI, was scrapped by Modi government. Modi government put in place the Goods and Services Tax, the biggest tax reform in the country since independence. It subsumed around 17 different taxes and became effective from 1 July 2017. Modi launched Pradhan Mantri Jan Dhan Yojana (PMJDY) in August 2014. The initiative aimed to create bank accounts and debit cards for 150