Repo rate is RBI's key monetary policy tool.
It is the rate at which commercial banks borrow money from the Reserve Bank of India by selling government securities. It impacts liquidity in the banking system and influences lending rates for consumers and businesses, forming a part of the RBI's monetary policy.
NITI Aayog replaced the Planning Commission.
The National Institution for Transforming India (NITI Aayog) was established on January 1, 2015, replacing the erstwhile Planning Commission. It serves as a premier policy 'think tank' of the Government of India, providing strategic and technical advice and fostering cooperative federalism.
Panchayati Raj System established local self-governance.
Introduced in India through the 73rd Constitutional Amendment Act, 1992, it provides for a three-tier system of rural local self-government at the village, intermediate, and district levels. Rajasthan was the first state to implement it in 1959.
Fundamental Rights are enshrined in Part III of Constitution.
These rights are guaranteed to all citizens, enforceable by courts, and are derived from the US Bill of Rights. They include the Right to Equality (Articles 14-18), Right to Freedom (Articles 19-22), and Right to Constitutional Remedies (Article 32).
ISRO successfully launched Chandrayaan lunar missions.
Chandrayaan-1 was India's first lunar probe, successfully orbiting the Moon. Chandrayaan-3 achieved a historic soft landing near the Moon's south pole, deploying the Pragyan rover for in-situ scientific experiments.
United Nations Headquarters located in New York City.
The main headquarters of the United Nations is situated in Manhattan, New York City, serving as its primary administrative complex. The UN has six principal organs: the General Assembly, Security Council, Economic and Social Council, Trusteeship Council, International Court of Justice, and the Secretariat.