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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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