Repo Rate is RBI's primary monetary policy tool.
It is the interest rate at which commercial banks borrow money from the Reserve Bank of India (RBI). A higher repo rate makes borrowing more expensive for banks, influencing lending rates and aiming to control inflation.
GST is a comprehensive indirect tax in India.
The Goods and Services Tax (GST), implemented in 2017, subsumed various central and state indirect taxes. It aims to create a unified common national market and streamline the tax structure under the principle of 'one nation, one tax'.
NITI Aayog replaced India's Planning Commission.
Established in 2015, NITI Aayog (National Institution for Transforming India) serves as the premier policy 'think tank' of the Government of India. Its objectives include fostering cooperative federalism and providing strategic direction.
Fundamental Rights are enshrined in Part III of Constitution.
These rights are guaranteed to all citizens and are considered essential for their development. They are justiciable, meaning they can be enforced by courts, and include rights such as equality, freedom, and cultural and educational safeguards.
Chandrayaan-3 achieved soft landing on Lunar South Pole.
India's third lunar exploration mission successfully landed its Vikram lander and Pragyan rover near the Moon's south pole. This made India the fourth nation to achieve a soft landing on the Moon and the first to land near the lunar south pole region.
G20 represents world's major developed and developing economies.
The G20 comprises 19 countries and the European Union, collectively accounting for approximately 85% of global GDP and over 75% of global trade. Its primary objective is to address major issues related to the global economy.