Swearing-in ceremony of Narendra Modi Swearing-in ceremony of Narendra Modi Narendra Modi, parliamentary leader of the Bharatiya Janata Party started his tenure after his swearing-in as the 15th Prime Minister of India on 26 May 2014. 45 other ministers were also sworn in along with Modi. The ceremony was noted by media for being the first ever swearing-in of an Indian Prime Minister to have been attended by the heads of all SAARC countries. The Prime Minister of Pakistan Nawaz Sharif and President of Sri Lanka Mahinda Rajapaksa faced opposition in India and their respective home countries for attending the function. Post the declaration of
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