International Partnership for Hydrogen and Fuel Cells in the Economy (IPHE):

Established in 2003. An inter-governmental partnership with 23 member countries and the European Commission.

Objective:

Facilitate transition to clean and efficient energy and mobility systems using fuel cells and hydrogen technologies.

Functions:

• Facilitates international research, development, and standards.

Members:

23 countries + European Commission.

RBI kept the repo rate unchanged at 6.5% for the 8th time in a row.

Repo Rate:

The interest rate at which commercial banks borrow money from the RBI.

Monetary Policy Committee (MPC):

A body of the RBI that takes decisions related to monetary policy.

GDP:

The market value of all goods and services produced in a country over a given period of time.

Inflation:

The rate of increase in the prices of goods and services.