Monday 2 June 2014

Economy Round Up – May 26 to 30, 2014

India's GDP (gross domestic product) stood at 4.7% in the financial year ended 2014.

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Narendra Modi assumes office as 15th Prime Minister of India
Narendra Modi today assumed office as the Fifteenth Prime Minister of India. Narendra Modi offered floral tributes to Mahatma Gandhi in his office at South Block, and assumed charge of the office of Prime Minister.  Narendra Modi as an able administrator, has focused on good governance initiatives as well as development to bring about qualitative change in the lives of the people. He has adopted the guiding principle of "Minimum Government and Maximum Governance" and also rationalization with a commitment to bring a change in the work culture and style of governance. He held a short briefing with the Principal Secretary to PM Nripendra Mishra and senior officers in PMO. Senior PMO officials welcomed and received Narendra Modi, when he arrived at the Prime Minister’s Office in South Block.

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