Repo Rate is RBI's key monetary policy tool.
The Repo Rate is the interest rate at which the Reserve Bank of India lends money to commercial banks. It is a crucial tool for the RBI to control inflation and manage liquidity in the economy.
GST unified India's indirect tax system.
Implemented in 2017, the Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax levied on the supply of goods and services. It replaced multiple cascading indirect taxes like VAT, excise duty, and service tax.
Indian Constitution guarantees Fundamental Rights to citizens.
Enshrined in Part III of the Constitution (Articles 12-35), these rights are justiciable and enforceable by courts. They include rights to equality, freedom, and protection against exploitation, ensuring basic human dignity.
Panchayati Raj is India's local self-governance system.
Institutionalized by the 73rd Constitutional Amendment Act of 1992, Panchayati Raj establishes a three-tier system of local self-government at the village, intermediate, and district levels. It aims to empower local communities through democratic decentralization.
ISRO is India's premier space agency.
The Indian Space Research Organisation (ISRO) is responsible for space research and planetary exploration missions. Key achievements include India's first lunar mission Chandrayaan-1 and the Mars Orbiter Mission (Mangalyaan).
UN Security Council maintains international peace.
As one of the six principal organs of the United Nations, the Security Council is tasked with maintaining international peace and security. It consists of five permanent members with veto power and ten non-permanent members elected for two-year terms.
Neeraj Chopra won India's first track and field Olympic gold.
Neeraj Chopra achieved a historic milestone by winning India's first-ever Olympic gold medal in athletics, specifically in the men's javelin throw event, at the Tokyo 2020 Games (held in 2021). This achievement marked a significant moment for Indian sports.