Repo Rate is RBI's key monetary policy tool.
The Repo Rate is the rate at which the Reserve Bank of India (RBI) lends money to commercial banks. It is a primary tool used by the RBI's Monetary Policy Committee to control inflation and manage liquidity in the economy.
GST is India's unified indirect tax reform.
Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax levied on every value addition in India. It subsumed various central and state indirect taxes like excise duty, VAT, and service tax, creating a common national market.
Preamble declares India a Sovereign, Socialist, Secular, Democratic Republic.
The Preamble to the Constitution of India outlines its guiding principles and objectives. The words 'Socialist', 'Secular', and 'Integrity' were added to the Preamble by the 42nd Amendment Act of 1976.
NITI Aayog replaced India's Planning Commission.
NITI Aayog, or the National Institution for Transforming India, is a policy think tank of the Government of India. Established on January 1, 2015, it replaced the 65-year-old Planning Commission, with the Prime Minister as its ex-officio Chairperson.
Gaganyaan is India's first human spaceflight mission.
The Indian Space Research Organisation (ISRO) is developing the Gaganyaan mission to demonstrate human spaceflight capability by sending a crew of astronauts to a Low Earth Orbit. The mission will primarily use the LVM3 (formerly GSLV Mk-III) rocket.
Five permanent members hold veto power in UN Security Council.
The United Nations Security Council (UNSC) has five permanent members: China, France, Russia, the United Kingdom, and the United States. Each of these nations possesses veto power, allowing them to block any substantive resolution.
Olympic rings symbolise unity of five continents.
The symbol of the Olympic Games consists of five interlocking rings of different colours (blue, yellow, black, green, and red) on a white field. These rings represent the five inhabited continents (Africa, Americas, Asia, Europe, and Oceania) united by Olympism.