Repo Rate is RBI's key short-term lending rate to banks.
The Repo Rate is the rate at which the Reserve Bank of India (RBI) lends money to commercial banks in case of any shortfall of funds. It is a crucial tool used by the RBI to control inflation and manage liquidity in the economy.
Goods and Services Tax (GST) is India's indirect tax system.
Implemented nationwide in 2017, GST is a consumption-based tax levied on the supply of goods and services. It replaced multiple cascading indirect taxes such as excise duty, VAT, and service tax, aiming to create a common national market.
NITI Aayog replaced India's Planning Commission.
Established in 2015, NITI Aayog (National Institution for Transforming India) serves as the primary policy 'think tank' of the Government of India. It aims to foster cooperative federalism and provide strategic and technical advice to both central and state governments.
Fundamental Duties are in Part IV-A of Indian Constitution.
These duties were originally 10 and were added to the Constitution by the 42nd Amendment Act, 1976, based on the recommendations of the Swaran Singh Committee. The 11th Fundamental Duty was subsequently added by the 86th Amendment Act, 2002.
Chandrayaan-3 achieved soft landing near Moon's South Pole.
India's third lunar exploration mission, launched by ISRO, successfully achieved a soft landing of its lander (Vikram) and rover (Pragyan) on the lunar surface. This made India the fourth country globally to achieve a soft lunar landing and the first to land near the Moon's south polar region.
International Monetary Fund promotes global monetary cooperation.
Headquartered in Washington D.C., the IMF is an international organization of 190 member countries. Its primary mission is to ensure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty worldwide.
Major Dhyan Chand Khel Ratna is India's highest sports honor.
Formerly known as the Rajiv Gandhi Khel Ratna, this prestigious award is presented annually by the Ministry of Youth Affairs and Sports. It recognizes outstanding and spectacular performance by a sportsperson over a period of four years at the international level.