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RBI Keeps Repo Rate Unchanged at 6.5% for 8th Consecutive Meeting
The Reserve Bank of India's Monetary Policy Committee decided to maintain the repo rate at 6.50% amid persistent inflation concerns. The MPC voted 5:1 to keep rates steady while maintaining an accommodative stance. GDP growth forecast revised to 7.2% for FY26.
UPSC
Banking
SSC
Railways
Very Important
Supreme Court Upholds Constitutional Validity of Article 370 Abrogation
A 5-judge Constitution Bench unanimously upheld the Supreme Court's decision on Article 370, stating that the President has the power to abrogate the special status of Jammu & Kashmir. The court directed the Election Commission to conduct elections in J&K by September 2024.
UPSC
Judiciary
State PSC
Important
ISRO's Aditya-L1 Completes One Year in Orbit, Sends Crucial Solar Data
India's first solar mission Aditya-L1 has completed one year in orbit around the L1 Lagrange point. The mission has provided valuable data on solar flares, coronal mass ejections, and space weather patterns that affect Earth's communication systems.
UPSC
SSC
Railways
Teaching