Repo Rate is key monetary policy tool.
It is the rate at which the Reserve Bank of India (RBI) lends money to commercial banks. It is a primary tool used by RBI to control inflation and manage liquidity in the economy by influencing borrowing costs.
GST is India's indirect tax system reform.
Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax levied on every value addition. It replaced multiple indirect taxes like excise duty, VAT, and service tax, unifying the Indian market under a single tax regime.
Panchayati Raj empowered local self-governance.
The 73rd Constitutional Amendment Act, 1992, institutionalized Panchayati Raj in India. It mandated a three-tier system of local self-governance: Gram Panchayat, Block Panchayat, and Zila Parishad (District Panchayat).
Article 32 secures Right to Constitutional Remedies.
Article 32 of the Indian Constitution grants citizens the right to move the Supreme Court for enforcement of Fundamental Rights. Dr. B.R. Ambedkar called it the 'heart and soul' of the Constitution due to its critical role in protecting individual liberties.
ISRO pioneered lunar exploration with Chandrayaan missions.
ISRO's Chandrayaan program involves missions to the Moon. Chandrayaan-1 was India's first lunar probe, which discovered water molecules on the lunar surface. Chandrayaan-3 achieved a historic soft landing near the lunar 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.