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📝 Revision Notes
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Business & Economy
ADB-Shriram Finance Partnership
The Asian Development Bank (ADB) signed a $150 million loan agreement with Shriram Finance to support MSMEs and EV-linked financing in India. This multilateral development bank funding strengthens financial inclusion, enterprise credit access, and green mobility transitions.
Business & Economy
Axis Bank Blockchain USD Clearing
Axis Bank became India’s first bank to provide 24/7 programmable USD clearing using J.P. Morgan’s Kinexys blockchain-based platform. This enables round-the-clock near-real-time settlements with conditional/automated payment logic, improving cross-border transaction certainty.
Business & Economy
Sahkar Cooperative Taxi Platform
Sahkar, a cooperative taxi initiative, was introduced to compete with Ola and Uber, emphasizing driver ownership and profit-sharing. This cooperative model focuses on member-ownership and shared benefits rather than platform-led commission structures, offering an alternative to traditional ride-hailing services.
Business & Economy
BOI-New India Assurance Bancassurance
Bank of India (BOI) partnered with New India Assurance to distribute general insurance products through BOI’s large branch network. This bancassurance arrangement leverages existing customer relationships and branch reach to expand insurance penetration.
Business & Economy
India’s Tea Export Growth
India’s tea export volume reached 254 million kg in 2024, up from 231 Mkg in 2023, making it the world’s second-largest tea exporter. This growth reflects India’s strong position in global tea markets despite competition from larger exporters.
Defence
Techkriti 2025 Defence Tech Focus
CDS Gen Anil Chauhan inaugurated Techkriti 2025 at IIT Kanpur, emphasizing AI, cybersecurity, and quantum technology for defence modernisation. This highlights the integration of emerging technologies in India’s military strategy and capabilities development.
Business & Economy
Hitachi Cash Management Leadership
Yusuf Pachmariwala was appointed MD & CEO of Hitachi Cash Management Services, effective April 1, 2025, taking over from retiring Anup Neogi. This leadership transition ensures continuity in cash logistics and ATM management operations.
Education
PM-Vidyalaxmi Education Loan Scheme
Bank of Baroda launched PM-Vidyalaxmi, providing education loans for higher studies to ensure finances don’t become a barrier for meritorious students. This scheme expands access to higher education by easing financial constraints for deserving candidates.
Defence
MoD NAMIS and Vehicle Contracts
The Ministry of Defence signed ₹2,500 crore contracts for Nag missile systems (NAMIS) and 5,000 light vehicles under the Buy (Indian-IDDM) category. This procurement strengthens indigenous defense manufacturing and military modernization.
International
Roshni Nadar Global Richest Women
Roshni Nadar became the first Indian woman to enter the world’s top 10 richest women list in 2025 according to the Hurun Global Rich List. This milestone reflects the growing prominence of Indian women business leaders globally.
🎴 Revision Flashcards
Click each card to flip and test your recall
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Which institution gave $150M loan to Shriram Finance?
Asian Development Bank (ADB)
For MSMEs and EV-linked financing
Tap to Reveal
First Indian bank for 24/7 USD clearing via Kinexys?
Axis Bank
J.P. Morgan’s blockchain-based platform
Tap to Reveal
Name of cooperative taxi platform competing with Ola/Uber
Sahkar
Emphasizes driver ownership and profit-sharing
Tap to Reveal
India’s tea export volume in 2024?
254 million kg
Up from 231 Mkg in 2023; 2nd largest exporter
Tap to Reveal
Who inaugurated Techkriti 2025 at IIT Kanpur?
Gen Anil Chauhan (CDS)
Emphasized AI, cybersecurity, quantum tech
Tap to Reveal
New MD & CEO of Hitachi Cash Management from April 1?
Yusuf Pachmariwala
Replacing retiring Anup Neogi
Tap to Reveal
Bank of Baroda’s education loan scheme name?
PM-Vidyalaxmi
For meritorious students’ higher education
Tap to Reveal
First Indian woman in global top 10 richest women (2025)?
Roshni Nadar
Hurun Global Rich List 2025
Think & Discuss
Cooperative Economy Models: Viable Alternative or Idealistic Distraction?
Context from today’s quiz: Sahkar, a cooperative taxi initiative emphasizing driver ownership and profit-sharing, was introduced to compete with Ola and Uber. This cooperative model focuses on member-ownership and shared benefits rather than platform-led commission structures.
🤔 Your Perspective Matters
Cooperative business models promise to democratize economic power by giving workers ownership stakes and decision-making authority, challenging platform capitalism’s extractive commission structures. Proponents argue cooperatives create sustainable livelihoods, reduce inequality, and align incentives between labor and management. Critics contend that cooperatives struggle with capital access, lack management expertise, face coordination problems at scale, and ultimately cannot compete with well-funded venture-backed platforms in technology-driven markets.
Can cooperative models like Sahkar genuinely compete with established platforms like Ola and Uber in India’s ride-hailing market, or will they remain niche alternatives serving ideological preferences rather than mainstream economic viability?
Can cooperative models like Sahkar genuinely compete with established platforms like Ola and Uber in India’s ride-hailing market, or will they remain niche alternatives serving ideological preferences rather than mainstream economic viability?
- What specific structural advantages (driver loyalty, lower operational costs, community support) could enable Sahkar to compete against Ola/Uber’s massive capital, technology infrastructure, network effects, and brand recognition?
- How should cooperative platforms balance democratic decision-making (which can be slow and contentious) with the need for agile management and rapid innovation required to compete in dynamic technology markets?
- If cooperatives prove unable to scale competitively, should governments provide preferential treatment (tax benefits, regulatory advantages, procurement preferences) to support cooperative models as social policy, even if this distorts market competition?
We’d love to hear your thoughts! Share your perspective in the comments.
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