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📝 Revision Notes
Key takeaways from today’s quiz to strengthen your preparation
International Trade
India-USA Interim Trade Agreement
The USA will impose an 18% reciprocal tariff on Indian exports (down from 25%) under the ITA framework announced on February 7, 2026. India has committed to purchasing USD 500 billion worth of American products over 5 years.
Science & Technology
India-Netherlands Hydrogen Fellowship
Launched by DST Secretary Abhay Karandikar on February 6, 2026. A MoU was signed between the University of Groningen and 19 IITs for collaborative research in green energy and hydrogen technologies.
Digital Governance
India’s DPI Global Cooperation
India has signed DPI cooperation MoUs with 23 countries under the India Stack framework. UPI is live in 8 countries: UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius, and Qatar.
Monetary Policy
RBI Repo Rate Cut – February 2026
The RBI MPC unanimously cut the repo rate by 25 bps to 5.25% under Governor Sanjay Malhotra. The SDF rate stands at 5.00%, the MSF rate at 5.50%, and the neutral stance was maintained.
Banking & Finance
Risk-Based Deposit Insurance Framework
Effective 1 April 2026, banks will be grouped into 4 risk categories. Category A (safest) pays 8 paise per Rs 100, while Category D pays 12 paise. This replaces the flat-rate system in place since 1962.
Defence & Security
India’s First Port Anti-Drone System
V.O. Chidambaranar (VOC) Port in Thoothukudi, Tamil Nadu became the first Indian port to deploy an anti-drone system. The 360-degree RF and radar-based system covers a range of up to 5 km, contracted with Central Electronics Limited.
Business & Economy
IITM-Unicorn Frontier Fund I
Launched by IIT Madras Research Park and UIV, the fund is worth Rs 600 crore with a greenshoe option of Rs 400 crore (total Rs 1,000 crore). It targets deep-tech startups in robotics, space tech, defence tech, semiconductors, and medtech.
Banking & Finance
First Fully Digital FPI Licence
Kotak Mahindra Bank became the first custodian in India to issue a fully digital Foreign Portfolio Investor (FPI) licence using electronic signatures, enabled by SEBI’s unified digital workflow operationalised in January 2026.
Digital Governance
NSO’s MCP Server on eSankhyiki
The National Statistical Office launched a beta MCP Server on the eSankhyiki portal with 7 datasets: PLFS, CPI, ASI, IIP, NAS, WPI, and Environment Statistics. It allows AI tools to connect to official datasets for real-time access.
Mining & Resources
Offshore Mining Rules 2026
Notified on 3 February 2026 by the Ministry of Mines, these rules prescribe imprisonment up to 5 years and fines from Rs 50 lakh to Rs 1 crore for violations, with daily penalties up to Rs 5 lakh for continuing offences.
🎴 Revision Flashcards
Click each card to flip and test your recall
Tap to Reveal
What is the reciprocal tariff rate on Indian exports under the India-USA ITA framework?
18%
Reduced from 25%; India to buy USD 500 bn of US products over 5 years
Tap to Reveal
How many countries has India signed DPI cooperation MoUs with?
23 countries
UPI is live in 8 countries: UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius, Qatar
Tap to Reveal
What is the current RBI repo rate after the February 2026 cut?
5.25%
Cut by 25 bps; SDF at 5.00%, MSF at 5.50%; neutral stance maintained
Tap to Reveal
Which port was the first in India to deploy an anti-drone system?
V.O. Chidambaranar (VOC) Port
Located in Thoothukudi, Tamil Nadu; 360-degree system with 5 km range
Tap to Reveal
Which bank issued India’s first fully digital FPI licence?
Kotak Mahindra Bank
Enabled by SEBI’s unified digital workflow; uses electronic signatures
Tap to Reveal
How many datasets does the NSO’s MCP Server feature on eSankhyiki?
7 datasets
PLFS, CPI, ASI, IIP, NAS, WPI, and Environment Statistics
Tap to Reveal
What is the value of the IITM-Unicorn Frontier Fund I?
Rs 600 crore
Greenshoe option of Rs 400 crore; focuses on deep-tech startups
Tap to Reveal
What is the maximum imprisonment under the Offshore Mining Rules 2026?
5 years
Fines from Rs 50 lakh to Rs 1 crore; daily penalties up to Rs 5 lakh
Think & Discuss
India’s Digital Public Infrastructure: A Global Model or Premature Export?
Context from today’s quiz: India has signed DPI cooperation MoUs with 23 countries and UPI is now live in 8 nations. Simultaneously, the NSO has launched an MCP Server to make official statistical datasets accessible to AI tools. These developments signal India’s ambition to position itself as a global leader in digital governance infrastructure.
🤔 Your Perspective Matters
India’s DPI ecosystem — from UPI and Aadhaar to the new AI-connected statistical portals — is being actively promoted as a model for developing nations. But does scaling a domestic digital infrastructure globally carry risks alongside the diplomatic and economic benefits?
Should India prioritize deepening domestic digital inclusion before expanding DPI cooperation globally, or can both happen simultaneously?
Should India prioritize deepening domestic digital inclusion before expanding DPI cooperation globally, or can both happen simultaneously?
- What lessons can other countries learn from India’s DPI journey, and what challenges might they face in adoption?
- How does connecting AI tools to official datasets (like the NSO’s MCP Server) change the landscape of data accessibility and transparency?
- Could India’s DPI exports become a new form of soft power diplomacy, similar to how China has leveraged infrastructure investments through BRI?
We’d love to hear your thoughts! Share your perspective in the comments.
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