Repo Rate is RBI's primary monetary policy tool.
It is the rate at which commercial banks borrow money from the Reserve Bank of India. A higher repo rate makes borrowing more expensive, reducing liquidity in the market to control inflation.
Fiscal Deficit reflects government's total borrowing needs.
Fiscal deficit is the difference between the government's total expenditure and its total receipts (excluding borrowings). It indicates the extent to which the government has to borrow to meet its expenses.
Panchayati Raj and Urban Local Bodies constitutionalized by amendments.
The 73rd Amendment Act, 1992, added Part IX to the Constitution, providing for Panchayati Raj Institutions. The 74th Amendment Act, 1992, added Part IXA, giving constitutional status to Urban Local Bodies.
NITI Aayog replaced Planning Commission in 2015.
The National Institution for Transforming India (NITI Aayog) is a policy think tank of the Government of India, established on January 1, 2015. It aims to foster cooperative federalism and provide strategic and technical advice to the central and state governments.
India achieved soft landing on Lunar South Pole with Chandrayaan-3.
ISRO's Chandrayaan-3 successfully soft-landed its Vikram lander and Pragyan rover on the Moon's South Pole region. This made India the fourth nation to achieve a soft lunar landing and the first to land near the South Pole.
G20 is premier forum for international economic cooperation.
The Group of Twenty (G20) is an intergovernmental forum comprising 19 countries and the European Union. It addresses major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.
National Sports Day honors hockey legend Major Dhyan Chand.
National Sports Day in India is celebrated on August 29th each year, marking the birthday of the legendary Indian hockey player Major Dhyan Chand. He is widely regarded as one of the greatest field hockey players of all time.