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📝 Revision Notes
Key takeaways from today’s quiz to strengthen your preparation
Economy & Taxation
GST Rate Revisions 2025
Health & life insurance: Reduced to Nil (from 18%). Thermometers: 5% (from 18%). Corrective spectacles & glucometer strips: 5% (from 12%). Major relief for healthcare essentials.
Women & Safety
NARI 2025 Report – Women’s Safety Rankings
Top 4 safest cities for women: 1. Kohima (Nagaland), 2. Visakhapatnam, 3. Bhubaneswar, 4. Aizawl. Northeast cities performing exceptionally well in women’s safety metrics.
Science & Technology
Vikram-3201 Microprocessor
India’s first indigenously developed 32-bit processor used by ISRO. Programmed in Ada language – a reliable programming language widely used in aerospace and defence applications.
Financial Inclusion
Bihar Rajya Jeevika Nidhi Saakh Sahkari Sangh
Launched by PM in Bihar. A cooperative financial body to provide low-interest loans to rural women entrepreneurs. Part of Jeevika programme for women-led rural enterprise development.
Agriculture
Kapas Kisan App
Streamlines MSP-based cotton procurement. Features: Self-registration, slot booking, payment tracking. Makes cotton procurement more transparent and efficient for farmers.
Important Days
World Coconut Day
Observed annually on September 2. Initiated by International Coconut Community (ICC). Highlights the global significance of coconuts in economy, nutrition, and livelihoods.
Education
NIRF 2025 Rankings – Overall Category
Top 3: 1. IIT-Madras (7th consecutive year), 2. IISc Bengaluru, 3. IIT-Bombay. IIT-Madras maintains dominance in India’s premier education rankings.
International Relations
E-Scholarships for Afghan Students
1,000 e-scholarships for Afghan students (AY 2025-26). Platform: e-VidyaBharati (e-VB) i-learn portal. Under SSSAN (Special Scholarship Scheme for Afghan Nationals) for online UG/PG studies.
Economy
Morgan Stanley GDP Forecast Revision
India’s FY26 GDP growth forecast raised to 6.7% (from 6.2%). Key drivers: Strong Q1 growth, GST cuts boosting demand, rural resilience, festive season spending. Weakness: Exports remain subdued.
Defence
Exercise MAITREE-XIV (India-Thailand)
14th edition held at Joint Training Node, Umroi, Meghalaya (Sept 1–14, 2025). Participants: Indian Army and Royal Thai Army. Focus on joint military cooperation and interoperability.
🎴 Revision Flashcards
Click each card to flip and test your recall
Tap to Reveal
GST rate on health & life insurance after 2025 revision?
Nil (0%)
Reduced from 18%
Tap to Reveal
Which city topped NARI 2025 for women’s safety?
Kohima, Nagaland
Followed by Visakhapatnam, Bhubaneswar, Aizawl
Tap to Reveal
Programming language for ISRO’s Vikram-3201 processor?
Ada
India’s first indigenous 32-bit processor
Tap to Reveal
What does Kapas Kisan App streamline?
MSP-based cotton procurement
Self-registration, slot booking, payment tracking
Tap to Reveal
When is World Coconut Day observed?
September 2
Initiated by International Coconut Community
Tap to Reveal
Which institution topped NIRF 2025 Overall rankings?
IIT-Madras
7th consecutive year at #1
Tap to Reveal
Morgan Stanley’s revised India FY26 GDP forecast?
6.7%
Raised from 6.2%
Tap to Reveal
Location of Exercise MAITREE-XIV (India-Thailand)?
Umroi, Meghalaya
14th edition, Sept 1-14, 2025
Think & Discuss
GST Exemption on Health Insurance: A Game Changer for Healthcare Access?
Context from today’s quiz: The Government has reduced GST on individual health and life insurance from 18% to Nil under the 2025 revisions. Additionally, healthcare essentials like thermometers, corrective spectacles, and glucometer test strips have seen significant rate reductions.
🤔 Your Perspective Matters
The removal of GST on health and life insurance is being hailed as a landmark reform that could significantly boost insurance penetration in India, which currently stands at around 4% of GDP compared to the global average of over 7%. This move directly impacts affordability for millions of middle-class families.
Will this GST exemption meaningfully increase health insurance adoption in India, particularly among lower-income groups, or are there other barriers that need to be addressed?
Will this GST exemption meaningfully increase health insurance adoption in India, particularly among lower-income groups, or are there other barriers that need to be addressed?
- How should insurance companies pass on these benefits to existing policyholders?
- What additional measures could further improve insurance penetration in rural India?
- Should similar GST relief be extended to other essential services like education and public transport?
We’d love to hear your thoughts! Share your perspective in the comments.
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