Repo Rate is RBI's short-term lending rate.
It is the interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks against government securities. It is a key monetary policy tool used by the RBI to control inflation and manage liquidity in the economy. An increase in the Repo Rate generally makes borrowing more expensive for banks.
NITI Aayog replaced India's Planning Commission.
The National Institution for Transforming India (NITI Aayog) was established on January 1, 2015, replacing the 65-year-old Planning Commission. It serves as the premier policy 'think tank' of the Government of India, providing both directional and policy inputs. The Prime Minister of India is the ex-officio Chairperson of NITI Aayog.
Fundamental Duties enshrined in Indian Constitution.
Fundamental Duties were added to the Indian Constitution by the 42nd Amendment Act, 1976, on the recommendation of the Swaran Singh Committee. They are contained in Part IV-A and Article 51A. Initially ten duties, an eleventh duty was added by the 86th Amendment Act, 2002, relating to education.
ISRO is India's premier space agency.
The Indian Space Research Organisation (ISRO) is the national space agency of India, founded in 1969. Headquartered in Bengaluru, it is responsible for developing India's space program, including satellite launches, planetary exploration, and development of various satellite applications. Notable missions include Chandrayaan (Lunar) and Mangalyaan (Mars Orbiter Mission).
UN Security Council has five permanent members.
The United Nations Security Council (UNSC) is one of the six principal organs of the United Nations, primarily responsible for maintaining international peace and security. It comprises 15 members: five permanent members (China, France, Russia, United Kingdom, and United States) who hold veto power, and ten non-permanent members elected for two-year terms.
Major Dhyan Chand Khel Ratna is India's highest sports honour.
The Major Dhyan Chand Khel Ratna Award (formerly Rajiv Gandhi Khel Ratna Award) is the highest sporting honour of India. It is awarded annually by the Ministry of Youth Affairs and Sports to individuals for their 'spectacular and most outstanding performance in the field of sports over a period of four years' at the international level.