Monetary Policy Committee (MPC) | Current Affairs | Vision IAS
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    Posted 07 Aug 2025

    8 min read

    Monetary Policy Committee (MPC)

    MPC of Reserve Bank of India (RBI) in its August 2025 meeting kept the repo rate unchanged at 5.5%, maintaining a neutral stance. 

    About MPC

    • Constitution: Section 45ZB of the RBI Act, 1934 (amended in 2016).
    • Objective: Determine the policy repo rate to achieve the inflation target.
    • Six members: Three from RBI and three appointed by the Central Government.
      • Quorum  is 4 members. 
    • Chairperson: RBI Governor (ex officio). 
    • Meetings: At least 4 times a year.
    • Voting: Each member has one vote, Governor has a casting vote (in case of equality of votes).
    • Tags :
    • Repo Rate
    • MPC

    GRiHA Rating

    Prime Minister dedicated Kartavya Bhawan to the nation which is designed to meet GRiHA-4 green building standards with solar panels, rain water harvesting, etc.

    • Kartavya Bhawan is part of the Common Central Secretariat buildings to house the bureaucracy, under the Central Vista project.

    About GRiHA

    • GRiHA is an acronym for Green Rating for Integrated Habitat Assessment. 
      • It is a rating tool that helps people assess the performance of their building against certain nationally acceptable benchmarks. 
      • It was developed by TERI (The Energy and Resources Institute) and later adopted as the national rating system in 2007.
    • Tags :
    • GRiHA Ratings
    • Central Vista Project

    BharatGen AI

    Union Minister informed that BharatGen AI initiative will cover all 22 scheduled Indian languages by 2026.

    • It currently supports 9 languages. 

    About BharatGen AI

    • About: India’s first-of-its-kind, indigenously developed, Artificial Intelligence (AI) based, government-funded, Multimodal Large Language Model (LLM) for Indian language spanning text, speech, and vision-language systems.
    • Implementation: Under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS) of the Department of Science and Technology.
      • Led by the Technology Innovation Hub (TIH) for IoT and IoE at IIT Bombay.
    • Tags :
    • NM-ICPS
    • LLM
    • BharatGen

    Refugee Camps in Sudan

    UN highlighted grim picture of world’s worst humanitarian crisis in the refugee camps in Sudan.

    Refugee Camps in Sudan

    • Zamzam Camp: Located south of El Fasher town, the state capital of North Darfur, Sudan. 
    • Abu Shouk Camp (“Naivasha Camp”): Situated north-west of El Fasher town. 
    • Tags :
    • Sudan
    • Zamzam Camp
    • Abu Shouk Camp

    Open Weight Reasoning Models

    Open AI released two open-weight language models that excel in advanced reasoning and are optimised to run on laptops. 

    About Open Weight Reasoning Models

    • Meaning: Refers to releasing only the pretrained parameters or weights of the neural network model allowing users to use the model for inference and fine-tuning.
      • Unlike the Open source models,  the training code, original dataset, model architecture details, and training methodology is not provided. 
    • Significance: Supports decentralised AI usage (people can run them locally) enhanced privacy, flexibility, and accessibility.
    • Tags :
    • Large Language Models
    • Open Source
    • Open Weight

    Software Technology Park of India

    Recently, Government informed the Lok Sabha that more than 85% of Software Technology Parks of India (STPIs) have been established in Tier 2 and 3 cities and have contributed to 2.98 lakh jobs in non-metro cities.

    About STPI (HQ - New Delhi ) 

    • Established in 1991, it is an S&T organization under Union Ministry of Electronics and Information Technology (MeitY).
    • Role - To promote IT Industry, innovation, R&D, start-ups, product/IP creation in the field of emerging technologies like IoT, Blockchain, AI, etc.
    • Its’ Vision aligns with National Policy on Software Products (NPSP), 2019.
    • Objectives
      • To promote development and export of software and software services
      • To promote MSMEs by creating conducive environment
      • To provide services to the exporters by implementing Software Technology Park/ Electronics and Hardware Technology Park Schemes.
    • Tags :
    • National Policy on Software Products

    Employee Stock Option Plan (ESOP)

    It is a Benefit scheme where companies offer employees the option (not obligation) to buy shares at a predetermined price after a specific period.

    • Employees must stay in the company for that specified period to exercise the option and once purchased they can sell the shares in the open market.
    • Purpose: Reward employees, improve motivation and retention, promote ownership culture, etc. 
    • Regulation
      • SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 for listed companies.
      • Companies Act, 2013 for unlisted companies.
      • Income Tax Act, 1961.
    • Tags :
    • SEBI
    • Employee Stock Option Plan

    Environmental DNA

    Scientists are now focusing on modern tools like environmental DNA (eDNA) analysis for biodiversity conservation.

    • DNA (Deoxyribonucleic Acid) serves as the genetic material in most organisms, storing and transmitting hereditary information.

    About Environmental DNA

    • It is the genetic material left by organisms in the environment (e.g., water, soil, Air, etc.).
    • It includes DNA from cells, tissues, fluids, and excrement.
    • Application: Mapping species presence and distribution, tracking Ecosystems, etc.
    • Significance:
      • It is a non-invasive and highly sensitive biodiversity monitoring method.
      • It is rapid and cost-effective compared to other biomonitoring methods.
    • Tags :
    • e-DNA
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