Repo Rate: RBI's key monetary policy tool
The Repo Rate is the 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 crucial tool used by the RBI to control inflation, manage liquidity, and influence credit growth in the economy.
Ayushman Bharat PM-JAY: World's largest health assurance scheme
Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) provides a health cover of ₹5 lakh per family per year for secondary and tertiary care hospitalization. It targets the poor and vulnerable population, covering over 10.74 crore families based on SECC 2011 data.
Fundamental Duties: Citizen's responsibilities to the nation
Fundamental Duties were added to the Indian Constitution by the 42nd Amendment Act, 1976, based on the recommendations of the Swaran Singh Committee. They are enumerated in Part IV-A, Article 51A. Initially ten in number, they currently number eleven, with the addition of the duty regarding education by the 86th Amendment Act, 2002.
Chandrayaan-3: India's lunar South Pole soft landing
Chandrayaan-3, ISRO's third lunar exploration mission, successfully achieved a soft landing on the lunar South Pole region in August 2023. This made India the fourth nation to soft-land on the Moon and the first to land near the South Pole. The mission included a lander (Vikram) and a rover (Pragyan).
G20: Premier forum for international economic cooperation
The G20 is an intergovernmental forum comprising 19 countries and the European Union (EU), which formally inducted the African Union (AU) as a permanent member in 2023. It addresses major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.
Neeraj Chopra: India's first Olympic track & field gold
Neeraj Chopra made history by winning India's first-ever Olympic gold medal in athletics (track and field) at the Tokyo 2020 Olympics (held in 2021). He secured the gold in the men's javelin throw event, marking a significant milestone for Indian sports.