Repo Rate is RBI's key monetary policy tool.
It is the rate at which commercial banks borrow money from the Reserve Bank of India (RBI) against government securities. This is a crucial tool used by the RBI to control money supply and manage inflation in the economy.
GST is India's unified indirect tax system.
The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services across India. It replaced multiple indirect taxes like excise duty, VAT, and service tax, aiming to create a common national market.
Ayushman Bharat provides health insurance coverage.
Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) is the world's largest government-funded health assurance scheme. It offers a health cover of ₹5 lakh per family per year for secondary and tertiary care hospitalization to over 10 crore poor and vulnerable families.
Fundamental Rights are enshrined in Part III of Constitution.
Fundamental Rights are a group of rights recognized and protected by the Indian Constitution, guaranteeing basic civil liberties to all citizens. They are justiciable, allowing individuals to approach courts for their enforcement, but are subject to reasonable restrictions.
India successfully landed on Moon's South Pole.
ISRO's Chandrayaan-3 mission successfully soft-landed its Vikram lander and Pragyan rover near the lunar South Pole on August 23, 2023. India became the fourth country to achieve a soft landing on the Moon and the first to reach the South Pole region.
G20 represents major global economies.
The G20 is an intergovernmental forum comprising 19 countries and the European Union (EU). It addresses major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.