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📝 Revision Notes
Key takeaways from today’s quiz to strengthen your preparation
Environment
CAQM Dust Pollution Partnership
Commission for Air Quality Management (CAQM) partnered with CSIR-CRRI and SPA to reduce dust pollution. This collaboration leverages research expertise in road construction, urban planning, and dust mitigation technologies to address Delhi-NCR’s major air quality challenges.
Social Welfare
Talliki Vandanam Scheme
The Talliki Vandanam scheme provides ₹15,000 annual financial assistance to support parents and promote family welfare. This recognizes parental responsibilities and aims to improve family living standards while encouraging investment in children’s development.
Tourism
India’s First Underwater Museum
India’s first underwater museum will be developed around INS Guldar in Maharashtra. This innovative project transforms a decommissioned naval vessel into an artificial reef, promoting marine biodiversity and creating unique diving tourism experiences.
Gig Economy
Driver Insurance Partnership
Covrzy partnered with Namma Yatri to provide insurance coverage to drivers, enhancing social security in the gig economy. This offers affordable insurance tailored to ride-sharing drivers’ needs including income protection and accident benefits.
Monetary Policy
VRR Auctions Discontinued
RBI discontinued daily VRR (Variable Rate Repo) auctions due to liquidity surplus in the banking system. When excess liquidity reduces short-term borrowing needs, VRR auctions become redundant, reflecting comfortable market conditions.
Defence
Exercise Khaan Quest
Exercise Khaan Quest is hosted by Mongolia, a multilateral peacekeeping exercise. India’s participation strengthens bilateral defense ties, enhances peacekeeping interoperability, and expands military diplomacy in Central Asia.
Insurance Sector
Axis Max Life Leadership
Sumit Madan was appointed MD & CEO of Axis Max Life Insurance. His leadership comes as the insurance sector navigates digital transformation, regulatory changes, and competitive pressures in India’s evolving insurance landscape.
Social Justice
World Day Against Child Labour
World Day Against Child Labour is observed on June 12th, raising awareness about child labor’s harmful effects. The ILO-designated day calls for stronger law enforcement, improved educational access, and addressing poverty that drives child labor.
Financial Services
LIC Leadership Recommendation
FSIB recommended R. Doraiswamy as next MD & CEO of LIC. As India’s largest insurer, LIC requires visionary leadership for market competition, digital transformation, and maintaining dominant market position while adapting to evolving customer expectations.
Marine Conservation
Artificial Reef Development
The underwater museum project demonstrates innovative repurposing of naval vessels as artificial reefs, promoting marine biodiversity while creating sustainable tourism. This model generates environmental and economic benefits simultaneously.
🎴 Revision Flashcards
Click each card to flip and test your recall
Tap to Reveal
CAQM’s dust pollution partners?
CSIR-CRRI & SPA
Air quality management MoU
Tap to Reveal
Talliki Vandanam annual assistance?
₹15,000
Parental support scheme
Tap to Reveal
Ship for underwater museum?
INS Guldar
In Maharashtra waters
Tap to Reveal
Covrzy’s insurance partner platform?
Namma Yatri
Driver insurance coverage
Tap to Reveal
Why did RBI discontinue VRR auctions?
Liquidity surplus
Excess banking system liquidity
Tap to Reveal
Which country hosts Exercise Khaan Quest?
Mongolia
Multilateral peacekeeping exercise
Tap to Reveal
New Axis Max Life MD & CEO?
Sumit Madan
Insurance sector leadership
Tap to Reveal
When is World Day Against Child Labour?
June 12
ILO-designated awareness day
Think & Discuss
Gig Economy Safety Nets: Corporate Responsibility or Government Mandate?
Context from today’s quiz: Covrzy partnered with Namma Yatri to provide insurance coverage to gig workers, representing a private sector initiative to address social security gaps in the platform economy. Meanwhile, World Day Against Child Labour highlights broader labor rights issues, and India’s gig economy continues expanding rapidly with millions of workers lacking traditional employment protections.
🤔 Your Perspective Matters
As gig economy platforms grow in India with millions of delivery drivers, ride-share operators, and freelancers working without traditional employment benefits, should social security provisions like health insurance, accident coverage, and retirement benefits be the responsibility of platforms voluntarily partnering with insurers, or should the government mandate comprehensive benefits similar to formal employment, even if it increases costs and potentially reduces flexibility that attracts workers to gig platforms?
Do voluntary corporate-insurance partnerships like Covrzy-Namma Yatri genuinely protect gig workers, or are they inadequate band-aids that allow platforms to avoid formal employment responsibilities while appearing socially conscious, ultimately requiring government intervention to ensure universal, mandatory protections that may fundamentally alter the gig economy model?
Do voluntary corporate-insurance partnerships like Covrzy-Namma Yatri genuinely protect gig workers, or are they inadequate band-aids that allow platforms to avoid formal employment responsibilities while appearing socially conscious, ultimately requiring government intervention to ensure universal, mandatory protections that may fundamentally alter the gig economy model?
- Should India follow California’s model attempting to classify gig workers as employees entitled to full benefits, or maintain flexible independent contractor status while mandating minimum benefit standards that don’t destroy the cost advantages and flexibility that make gig platforms economically viable?
- If comprehensive benefits are mandated for gig workers, would platforms respond by reducing worker numbers, increasing automation, raising consumer prices, or exiting markets—ultimately harming the workers these protections aim to help by reducing income opportunities?
- Can voluntary partnerships between insurers and platforms ever provide adequate coverage comparable to formal employment, or will profit motives always incentivize minimal, selective coverage that leaves workers vulnerable during major health crises, accidents, or old age?
We’d love to hear your thoughts! Share your perspective in the comments.
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