RBI's Monetary Policy Tool: Repo Rate
The repo rate is the interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks in the event of any shortfall of funds. It is a key tool used by the RBI to control inflation and manage liquidity in the economy.
Preamble: Soul of the Indian Constitution
The Preamble to the Indian Constitution declares India a Sovereign, Socialist, Secular, Democratic, Republic. It outlines the core objectives of Justice, Liberty, Equality, and Fraternity for all citizens.
PM-KISAN Scheme: Income Support for Farmers
Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a central sector scheme providing income support to all landholding farmer families. Eligible families receive a financial benefit disbursed in three equal installments annually.
Ramsar Convention: Protecting India's Wetlands
The Ramsar Convention is an international treaty for the conservation and sustainable use of wetlands. India is a signatory to the convention and has designated numerous wetlands across the country as 'Ramsar Sites' to protect their ecological importance.
ISRO's Chandrayaan Program for Lunar Exploration
Chandrayaan missions are India's lunar exploration program by ISRO. Chandrayaan-3 successfully achieved a soft landing near the Moon's South Pole, deploying the Pragyan rover for in-situ chemical analysis.
G20: Forum for International Economic Cooperation
The G20 is an intergovernmental forum comprising 19 countries and the European Union. It primarily addresses major global economic issues such as international financial stability, climate change, and sustainable development.
Major Dhyan Chand: Legendary Indian Hockey Player
Major Dhyan Chand is widely regarded as one of the greatest field hockey players in history, known for his extraordinary goal-scoring prowess. His birthday, August 29th, is celebrated as National Sports Day in India.