South Asian foreign policy of the Narendra Modi government in the draft agreement. This will allow Indian privet and public sector investment in hydro power development in Nepal and future power trade and transmission to India. To attend his maiden SAARC summit Modi visited Nepal for the second time in 2014. Where he inaugurated an India funded high tech trauma-care centre as part of a goodwill measure and also flagged-off the Kathmandu-Delhi bus service. In order to deepen ties with the Himalayan neighbour Modi presented a HAL Dhruv advanced helicopter to the Nepalese armed force in a ceremony attended by Prime Minister Sushil Koirala. He also held bilateral talks
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