Repo Rate is key monetary policy tool.
The Repo Rate is the interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks. It is a primary instrument used by the RBI's Monetary Policy Committee to control inflation and manage liquidity in the economy.
GST is India's comprehensive indirect tax.
Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based indirect tax levied on every value addition. It replaced multiple central and state indirect taxes, aiming to simplify the tax structure and reduce the cascading effect of taxes.
Preamble outlines Indian Constitution's core values.
The Preamble serves as an introduction to the Indian Constitution, stating its guiding principles and objectives. It declares India to be a Sovereign, Socialist, Secular, Democratic Republic, committed to justice, liberty, equality, and fraternity for all citizens.
Ayushman Bharat provides health cover for poor.
Ayushman Bharat Yojana is a flagship scheme by the Government of India aimed at achieving Universal Health Coverage. It comprises two components: Pradhan Mantri Jan Arogya Yojana (PM-JAY) for health insurance and Health and Wellness Centres (HWCs) for primary healthcare.
Gaganyaan is India's first human spaceflight mission.
Gaganyaan is the Indian Space Research Organisation's (ISRO) ambitious mission to send Indian astronauts to low Earth orbit. This program aims to demonstrate India's indigenous capability for human space exploration.
Five permanent members hold veto power in UNSC.
The United Nations Security Council (UNSC) has five permanent members: China, France, Russia, the United Kingdom, and the United States. These five nations possess veto power, allowing them to block any substantive resolution.
Olympic rings symbolize five continents' unity.
The Olympic symbol consists of five interlocking rings in blue, yellow, black, green, and red colours on a white background. These rings represent the union of the five inhabited continents (Africa, Americas, Asia, Europe, and Oceania) and the meeting of athletes from around the world at the Olympic Games.