Foreign policy of the Narendra Modi government their end of cold war the relation experienced strain as India started diversifying its defence purchases from a totally Soviet dominated one. But with Putin and Modi, both with strongman image at their home country, at the helm of affairs in their respective foreign policy it is expected to get a push. During the 20th 'India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation' (IRIGC-TEC) held on 5 November 2014 in New Delhi Modi met the Russian deputy Prime Minister Dmitry Rogozin and had reassured the visiting side that the new dispensation in New Delhi will continue to
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