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Government emphasized MSP support for nutritional crops like pulses and oilseeds while addressing farmer welfare.
Multiple major Indian ports including JNPT Mumbai and Adani Port series received significant infrastructure development funding.
# India's RBI Inflation Target Rate 2024-2025
The Reserve Bank of India (RBI) sets an inflation target range to maintain price stability and guide monetary policy decisions for the economy.
Step 1: Understanding RBI's Inflation Mandate
The RBI operates under a flexible inflation targeting framework established by the government, aiming to keep Consumer Price Index (CPI) inflation within a defined band to ensure economic stability and purchasing power.
Step 2: Application to 2024-2025
For the fiscal year 2024-2025, the RBI reaffirmed its inflation target range at 2-6%, with a midpoint of 4%, allowing flexibility while maintaining price control during economic fluctuations.
The correct answer is (A) 2-6%, which represents the RBI's official inflation target range for 2024-2025, providing a corridor within which the central bank aims to maintain inflation through its monetary policy decisions.
India committed to 750 GW renewable energy capacity by 2030 as part of its climate action pledge at international forums.
India-China trade faced challenges due to ongoing border tensions and India's trade deficit, leading to discussions on tariffs and regulations.
India's RBI promoted UPI 3.0 and digital payment advancements to enhance financial inclusion and digital transactions in 2024-2025.
Chandrayaan-3 achieved historic soft landing near the lunar south pole region in August 2023, with extended operations in 2024.
India strengthened its strategic partnership with Japan in 2024-2025, focusing on defense cooperation and economic ties in the Indo-Pacific.
Telangana government launched an ambitious digital literacy program targeting senior citizens to ensure digital inclusion and bridge the digital divide in the state.
India and the United Kingdom signed a comprehensive free trade agreement in 2024, aiming to enhance bilateral economic and trade relations.
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