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While his regime has demonstrated clear skill at winning elections and corporate support, its ability to provide India with an efficient administration has declined sharply.
The corporate sector in Delhi-NCR claims to have gotten a breather after fuel prices dropped and cab vendors slashed tariffs.
The Sensex has galloped since 2014 and even reached an all-time high, but inflation has become a global concern.
The exemption will help cool domestic prices and control inflation. "This will provide significant relief to the consumers, the Central Board of Indirect Taxes and Customs (CBIC) tweeted.
NSE Nifty 50 index fell 68.35 points or 0.42 per cent at 16,145.70. Benchmark BSE Sensex fell 0.35 per cent or 189.55 points to 54,099.06.