Middle Eastern foreign policy of the Narendra Modi government to buy Israeli anti-tank Spike missile instead of Javelin missile offered by the US which signifies the depth of Israel-India bilateral relation specially with BJP govt in New Delhi. The contract is expected to be worth $525 million, with this Israel is India's second largest arm supplier after Russia. Home Minister Rajnath Singh became the first Minister of Modi govt to visit Israel. His trip featured a series of high level meetings with top Israeli leadership including Defence Minister Moshe Yaalon, National Security Adviser Yossi Cohenand, Public Security Minister Yitzhak Aharonovich and the Prime Minister following which Netanyahu said "Indians
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