Repo Rate is 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 key tool used by the RBI to control inflation and liquidity in the economy, set by the Monetary Policy Committee (MPC).
GST simplified indirect taxation in India.
The Goods and Services Tax (GST) is an consolidated indirect tax introduced in India on July 1, 2017, through the 101st Constitutional Amendment Act. It replaced multiple cascading taxes levied by central and state governments.
NITI Aayog replaced Planning Commission.
NITI Aayog (National Institution for Transforming India) was formed on January 1, 2015, replacing the erstwhile Planning Commission. It serves as the premier policy 'Think Tank' of the Government of India, providing both directional and policy inputs.
Fundamental Duties added to Indian Constitution.
Fundamental Duties were incorporated into the Indian Constitution by the 42nd Amendment Act, 1976, on the recommendations of the Swaran Singh Committee. They are enshrined in Part IV-A and currently number eleven.
India's Chandrayaan-3 successfully landed on Moon.
Chandrayaan-3 is the third lunar exploration mission by ISRO. It achieved a soft landing near the lunar south pole in August 2023, making India the fourth country to achieve a soft landing on the Moon and the first to reach the south pole region.
G20 is premier forum for global economic cooperation.
The G20 (Group of Twenty) is an intergovernmental forum comprising 19 countries and the European Union. It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.
India's first individual Olympic gold medalist is Abhinav Bindra.
Abhinav Bindra won India's first-ever individual Olympic gold medal in the men's 10-meter air rifle event at the 2008 Beijing Olympics. Neeraj Chopra won India's second individual Olympic gold in Javelin Throw at Tokyo 2020.