Repo Rate is RBI's primary monetary policy tool.
It is the interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks in India. It is a key instrument used by the RBI to control liquidity and inflation in the economy.
GST is an indirect tax replacing multiple previous taxes.
The Goods and Services Tax (GST) was implemented in India on July 1, 2017, through the 101st Constitutional Amendment Act. It is a destination-based consumption tax applicable across the country.
Fundamental Duties are inspired by the USSR Constitution.
Added to the Indian Constitution by the 42nd Amendment Act, 1976, based on the recommendations of the Swaran Singh Committee. There are currently 11 Fundamental Duties listed under Part IV-A of the Constitution.
Preamble: "We, the people of India..." source of authority.
The Preamble to the Indian Constitution declares India a Sovereign, Socialist, Secular, Democratic Republic. The words "Socialist," "Secular," and "Integrity" were added by the 42nd Constitutional Amendment Act, 1976.
Chandrayaan-3 successfully landed on lunar south pole.
India became the fourth country globally to achieve a soft landing on the Moon and the first to land near the lunar south pole region. The mission comprised the Vikram lander and Pragyan rover.
G20 is premier forum for international economic cooperation.
The Group of Twenty comprises 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.
India's first individual Olympic gold in shooting.
Abhinav Bindra won India's first 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 gold in Javelin at Tokyo 2020 (held in 2021).