CURRENT AFFAIRS

MIBOR stands for Mumbai Interbank Offer Rate. It is an interest rate benchmark that reflects the average rate at which Indian banks borrow unsecured funds from each other in the interbank market. 

The Priority Sector Lending (PSL) norms are designed to ensure that banks provide credit to sectors that are critical for the economic and social development of the country, especially those that are underserved or face financial exclusion. 

Monetary policy refers to the actions undertaken by a country's central bank—in India, the Reserve Bank of India (RBI)—to regulate the money supply, interest rates, and liquidity to ensure price stability and promote sustainable economic growth.

The Variable Repo Rate (VRR) is a type of liquidity adjustment tool used by the Reserve Bank of India (RBI), where banks can borrow funds for the short term at market-determined interest rates through an auction mechanism. 

The 'Technology and Innovation Report 2025' report was released by the United Nations Conference on Trade and Development (UNCTAD).

Usually, the wealth of a country is measured by its Gross Domestic Product or GDP.

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Incentive Scheme for Promoting Low Value BHIM-UPI Transactions from Person to Merchant (P2M) for the financial year 2024-25.

India's merchandise trade deficit fell to a 42-month low of $14.05 billion in February 2025.

The Central Government has released the second installment of the Fifteenth Finance Commission Grants for rural local bodies in West Bengal during the financial year 2024-25.

The central government has released the latest estimates of India's gross domestic product (GDP), with significant revisions for previous quarters and years.