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Business & Economy
GST FY25 — Maharashtra #1, Gujarat #2, Karnataka #3; ₹21.36 Lakh Crore National Total
GST FY25 State Rankings: Maharashtra ₹3,18,497 crore (#1); Gujarat ₹1,74,938 crore (#2); Karnataka ₹1,43,023 crore (#3). National total: ₹21.36 lakh crore — highest since GST launch (2017); +8.86% YoY. April 2025: ₹2,36,716 crore (+12.6%). GST Council: Chair Nirmala Sitharaman; under Article 279-A; Est 2016.
Governance
IWAI Srinagar — NW-26 (Chenab), NW-49 (Jhelum), NW-84 (Ravi)
IWAI (Chairman Vijay Kumar; HQ Noida; Est 1986) opened its Srinagar office at Transport Bhawan (operational 13 May 2025) to develop NW-26 (Chenab), NW-49 (Jhelum), NW-84 (Ravi) in J&K. Based on MoU with J&K government (March 2025). Aims to develop river navigation infrastructure for trade, tourism, and connectivity in the Union Territory.
Business & Economy
SBI — 3rd Indian Company in Global Top 100 Most Profitable
SBI (net profit: USD 9.2 bn / ₹77,561 crore, FY25; ranked 98th globally per Bloomberg) is the 3rd Indian company in the world’s top 100 most profitable — after ONGC (2009) and RIL (2021). Net profit: 31% CAGR over 5 years. SBI Chairman: Challa Sreenivasulu Setty; Est 1955. Global #1: Alphabet (USD 111 bn); #2: Saudi Aramco (USD 105 bn).
Environment
GRID 2025 — India’s 5.4 Million Displacements; 12-Year High; Global IDPs 83.4 Million
GRID 2025 (IDMC + NRC, 13 May 2025): India — 5.4 million displacements in 2024 (12-year high); floods: 66%; Assam alone: 2.5 million. Global: 83.4 million IDPs — record high, double since 2018; Sudan: 11.6 million (worst); disaster displacements globally: 45.8 million — highest since IDMC tracking began (2008). IDMC Director: Alexandra Bilak; HQ Geneva; Est 1998.
Culture & Heritage
Ethnologue 2025 — Hindi 3rd (609.1 mn); 5 Indian Languages in Global Top 20
Ethnologue 2025 global language rankings: English 1st (1.53 bn, 188 countries); Mandarin 2nd (1.18 bn); Hindi 3rd (609.1 mn); Spanish 4th (558.5 mn). Five Indian languages in global top 20: Hindi (3rd), Bengali (7th), Urdu (11th), Marathi (16th), Telugu (18th).
Business & Economy
JSW One Platforms — India’s New Unicorn; USD 1 Billion Valuation; B2B E-Commerce
JSW One Platforms (B2B e-commerce arm, JSW Group) raised USD 40 mn (~₹340 crore) — led by Principal Asset Management, OneUp, JSW Steel — reaching USD 1 billion valuation (unicorn, 13 May 2025). 3× valuation jump since April 2023 (Mitsui & Co. invested ₹205 crore). Focus: steel & cement supply chain, logistics, fintech/NBFC, MSME credit. JSW Group: CMD Sajjan Jindal; Founded 1982.
Governance
Assam’s ‘Eti Koli Duti Paat’ — ₹5,000 for Tea Workers; 200 Years of Assam Tea
Assam Cabinet (CM Himanta Biswa Sarma) approved ‘Eti Koli Duti Paat’ — ₹5,000 one-time assistance to each permanent and temporary tea garden worker, marking 200 years of Assam Tea. Also approved: Dibrugarh Airport renamed after Bhupen Hazarika (100th birth anniversary), Assam Electronics Components Manufacturing Top-Up Scheme 2025, and ‘Jibon Prerna Scheme’ for graduates (from Oct 2025).
Governance
Indore — India’s First Beggar-Free City; MoSJE Model; Feb 2024 Campaign
Indore (MP) became India’s first beggar-free city after an anti-begging campaign launched in February 2024. Previously: 5,000 beggars (500 children) — all rehabilitated (adults employed, children in school). Recognised by MoSJE and World Bank as a model project. Part of MSJE’s 10-city pilot. Citizens received ₹1,000 reward for reporting beggars.
Education
Illinois Tech — First American University with UGC Approval for India Campus
Illinois Institute of Technology (Illinois Tech), Chicago, became the first American university to receive UGC approval for an independent degree-granting campus in India (Mumbai; opens 2026). Offers UG & PG in CS, Engineering, Business — same Chicago curriculum including signature ‘Elevate’ programme (research, internships, career acceleration for all students).
International
José Mujica — 40th President of Uruguay; ‘World’s Poorest President’; d. 13 May 2025
José ‘Pepe’ Mujica (b. 20 May 1935; d. 13 May 2025, age 89) — 40th President of Uruguay (2010–2015). Known as the ‘world’s poorest president’ for donating 90% of salary to charity. Reforms: legalised abortion, same-sex marriage, marijuana sales. Ex-Tupamaros guerrilla; imprisoned 14 years under military dictatorship. Awards: Order of the Aztec Eagle (2014). Uruguay: President Yamandu Orsi; Capital Montevideo.
🎴 Revision Flashcards
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GST FY25 top 3 states by revenue and national total?
Maharashtra (₹3.18L cr) → Gujarat (₹1.75L cr) → Karnataka (₹1.43L cr) — ₹21.36 lakh crore national total
+8.86% YoY; highest since GST 2017; April 2025 alone: ₹2,36,716 cr (+12.6%)
Tap to Reveal
Which 3 National Waterways will IWAI develop in J&K from Srinagar?
NW-26 (Chenab), NW-49 (Jhelum), NW-84 (Ravi)
IWAI office at Transport Bhawan, Srinagar; MoU with J&K Govt March 2025; operational 13 May 2025
Tap to Reveal
SBI’s FY25 net profit, global rank, and which Indian companies preceded it in the top 100?
USD 9.2 bn / ₹77,561 crore — Rank 98 — preceded by ONGC (2009) and RIL (2021)
31% CAGR over 5 years; Chairman: Challa Sreenivasulu Setty; Global #1 Alphabet (USD 111 bn)
Tap to Reveal
India’s displacement figure in 2024 and global IDP record per GRID 2025?
5.4 million (12-year high) — Global: 83.4 million IDPs (record)
Floods: 66% of India’s total; Assam: 2.5 mn; Sudan worst globally (11.6 mn); IDMC Geneva
Tap to Reveal
Hindi’s rank and speaker count in Ethnologue 2025; how many Indian languages in top 20?
3rd — 609.1 million speakers — 5 Indian languages in top 20
English 1st (1.53 bn); Mandarin 2nd (1.18 bn); Bengali 7th, Urdu 11th, Marathi 16th, Telugu 18th
Tap to Reveal
What is Assam’s ‘Eti Koli Duti Paat’ scheme and what occasion was it announced for?
₹5,000 one-time aid to tea garden workers — 200 years of Assam Tea
CM Himanta Biswa Sarma; also approved Dibrugarh Airport renamed after Bhupen Hazarika (100th anniversary)
Tap to Reveal
Which is India’s first beggar-free city and when was the campaign launched?
Indore, Madhya Pradesh — February 2024
5,000 rehabilitated; MoSJE + World Bank model; ₹1,000 reward to citizens; 10-city MSJE pilot
Tap to Reveal
José Mujica — which numbered president of Uruguay and when did he pass away?
40th President of Uruguay — died 13 May 2025 (age 89)
Tenure 2010–2015; legalised abortion, same-sex marriage, marijuana; 14 years in prison; Order of Aztec Eagle 2014
Think & Discuss
India’s 5.4 Million Displaced in 2024 — Is Climate Adaptation Infrastructure Keeping Pace with India’s Economic Ambitions?
Context from today’s quiz: India recorded 5.4 million displacements in 2024 — a 12-year high — driven overwhelmingly by floods (66%), with Assam alone accounting for 2.5 million. This comes as India simultaneously posts record GST revenues (₹21.36 lakh crore in FY24), SBI enters the global top 100 most profitable companies, and JSW One Platforms joins the unicorn club. India’s economic growth story and its climate vulnerability story are unfolding in parallel.
🤔 Your Perspective Matters
India is the world’s 5th largest economy and growing rapidly — yet it ranks among the top countries for climate-induced displacement. Flood infrastructure in states like Assam remains chronically underfunded relative to the scale of annual damage. The IWAI’s push to develop J&K’s rivers (Chenab, Jhelum, Ravi) for navigation simultaneously raises questions about river management and flood control in a region already stressed by glacial melt and extreme precipitation.
As India’s fiscal capacity grows (record GST revenues, profitable PSBs), is there a moral and strategic case for ring-fencing a dedicated climate adaptation fund — especially for flood-prone states like Assam and Bihar — before displacement numbers worsen further?
As India’s fiscal capacity grows (record GST revenues, profitable PSBs), is there a moral and strategic case for ring-fencing a dedicated climate adaptation fund — especially for flood-prone states like Assam and Bihar — before displacement numbers worsen further?
- India’s economic growth is geographically concentrated in states like Maharashtra, Gujarat, and Karnataka (top GST contributors) — while displacement is concentrated in Assam and eastern India. Does this create a structural equity problem in climate adaptation funding that fiscal devolution alone cannot solve?
- IWAI’s development of J&K waterways (Chenab, Jhelum, Ravi) for river navigation could boost trade and tourism — but these are glacially fed rivers under increasing climate stress. Should inland waterway development in climate-vulnerable regions be mandatorily linked to flood risk assessments?
- Indore’s beggar-free city model succeeded through rehabilitation and employment — can a similar ‘displacement rehabilitation’ framework be applied at scale for India’s 5.4 million climate-displaced persons, rather than treating displacement as temporary and cyclical?
We’d love to hear your thoughts! Share your perspective in the comments.
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