Repo Rate is central bank's lending rate to commercial banks.
It is the rate at which the Reserve Bank of India (RBI) lends money to commercial banks against government securities. It is a key monetary policy tool used to control inflation and liquidity in the economy.
CPI and WPI are key inflation measures in India.
Consumer Price Index (CPI) measures retail inflation, reflecting changes in prices of goods and services purchased by consumers. Wholesale Price Index (WPI) tracks wholesale inflation, indicating price changes at the producer or wholesale level.
Preamble declares India a Sovereign, Socialist, Secular, Democratic Republic.
The Preamble introduces the Indian Constitution, embodying its basic philosophy and fundamental values. The 42nd Amendment Act of 1976 added the words 'Socialist', 'Secular', and 'Integrity' to the Preamble.
PM-KISAN provides income support to eligible farmer families.
Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a central sector scheme launched to provide financial assistance. Eligible farmer families receive Rs. 6,000 per year, disbursed in three equal installments.
ISRO successfully launched Chandrayaan-3 lunar mission.
Chandrayaan-3 is India's third lunar exploration mission, successfully achieving a soft landing near the lunar south pole. Its primary objectives included demonstrating safe landing capability and conducting in-situ scientific experiments.
UN Security Council has five permanent members with veto power.
The five permanent members of the UNSC are China, France, Russia, the United Kingdom, and the United States. Each of these nations possesses veto power, allowing them to block any substantive resolution.
Abhinav Bindra won India's first individual Olympic gold medal.
Abhinav Bindra achieved this historic feat in the Men's 10-meter Air Rifle event at the 2008 Beijing Olympics. This marked a watershed moment for Indian sports, being the nation's inaugural individual gold at the Olympics.