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📝 Revision Notes
Key takeaways from today’s quiz to strengthen your preparation
Skills & Employment
NIFT Patna–ABFRL MoU for Bihar Women
NIFT Patna (Ministry of Textiles) signed MoU with Aditya Birla Fashion and Retail Ltd (ABFRL). Purpose: Impart industry-relevant skills and provide direct employment for rural women in Bihar’s textile sector.
Business
Antfin Singapore Divests Eternal (Zomato) Stake
Ant Group’s arm (controlled by Jack Ma) sold 14.13 crore shares (1.46%) for ₹4,097 crore. Residual holding: 0.49% (down from 1.95%). Eternal is parent of Zomato and Blinkit.
Economy
India’s External Debt – March 2025
Total: $736.3 billion (up >10%, fastest growth in 7 years). Debt-to-GDP: 19.1% (from 18.5%). Composition: Long-term 81.7%, Short-term 18.3% (96.8% is trade credit).
Heritage
AP Sites on UNESCO Tentative List
Two sites from Andhra Pradesh added: Tirumala Hills (Eparchaean Unconformity – 1.6 billion year rocks) and Erra Matti Dibbalu (~1,500 acres red sand dunes near Visakhapatnam).
Healthcare
AIIMS – da Vinci Robotic Surgery Training
AIIMS New Delhi – first govt medical college with da Vinci system (Intuitive Surgical). Also has Hugo Robotic Trainer (Medtronic). Only Indian institution with two robotic training systems. Benefits: Minimally invasive, 3D visualization.
International Relations
India–Mauritius Special Economic Package
Total: $680 million. Components: $215 mn grants (hospital, AYUSH CoE, helicopters), $440 mn grant-cum-LoC (ATC tower, port, M4 motorway), 17.5 MW floating solar (NTPC), $25 mn budgetary support.
Defence
TASL Installs Lanza-N Radar on Navy Warship
Tata Advanced Systems Ltd installed first Lanza-N 3D Air Surveillance Radar on Indian Navy ship. Technology from Spain’s Indra. Deal: $145 mn (2020). Detection: 9-474 km, up to 100,000 ft. 20 more to be locally assembled.
Technology
TCS–CEA Partnership for Physical AI
TCS partnered with French research body CEA for Physical AI (robotics + AI + intelligent systems). Focus: Manufacturing, logistics, automation. TCS in France since 1992, serves 18 CAC40 companies.
Business
Larry Ellison Briefly World’s Richest
Larry Ellison (Oracle) briefly overtook Elon Musk per Bloomberg Billionaires Index. Net worth jumped $89 bn in one day to $383.2 bn. Musk regained lead next morning by ~$1 bn.
Important Days
Engineers’ Day 2025 – 15 September
Theme: “Deep Tech and Engineering Excellence: Driving India’s Techade”. Honors Sir M. Visvesvaraya (born 15 Sept). Achievements: Automatic floodgates (1903), Diwan of Mysore (1912-18), Bharat Ratna (1955), founded UVCE Bengaluru (1917).
🎴 Revision Flashcards
Click each card to flip and test your recall
Tap to Reveal
Company partnered with NIFT Patna for Bihar women’s skilling?
Aditya Birla Fashion and Retail Ltd (ABFRL)
Textile sector employment for rural women
Tap to Reveal
India’s external debt-to-GDP ratio (March 2025)?
19.1%
Total debt: $736.3 billion
Tap to Reveal
AP sites on UNESCO Tentative List?
Tirumala Hills & Erra Matti Dibbalu
Red sand dunes near Visakhapatnam
Tap to Reveal
India’s Special Economic Package for Mauritius value?
$680 million
$215M grants + $440M LoC + $25M budgetary
Tap to Reveal
Company that installed Lanza-N radar on Navy ship?
Tata Advanced Systems Ltd (TASL)
Technology from Spain’s Indra
Tap to Reveal
French partner for TCS Physical AI collaboration?
CEA
Focus: Robotics, manufacturing, logistics
Tap to Reveal
Who briefly overtook Elon Musk as world’s richest?
Larry Ellison (Oracle)
Net worth jumped $89 bn to $383.2 bn
Tap to Reveal
Engineers’ Day 2025 theme?
“Deep Tech and Engineering Excellence: Driving India’s Techade”
Honors Sir M. Visvesvaraya (15 Sept)
Think & Discuss
India’s Rising External Debt: Sustainable Growth or Emerging Risk?
Context from today’s quiz: India’s external debt rose by more than 10% to $736.3 billion at end-March 2025, marking the fastest growth in 7 years. The debt-to-GDP ratio climbed to 19.1% from 18.5%. Long-term debt constitutes 81.7% of the total, while short-term debt (primarily trade credit) accounts for 18.3%.
🤔 Your Perspective Matters
India’s external debt growth reflects both increased borrowing needs and the country’s growing integration with global capital markets. While the debt-to-GDP ratio of 19.1% is still manageable compared to many developed economies, the pace of growth raises questions about debt sustainability, especially given global interest rate uncertainties.
Is India’s rising external debt a sign of healthy economic expansion and infrastructure investment, or does the fastest growth in 7 years signal potential vulnerabilities?
Is India’s rising external debt a sign of healthy economic expansion and infrastructure investment, or does the fastest growth in 7 years signal potential vulnerabilities?
- How should India balance external borrowing with domestic resource mobilization?
- What risks does rupee depreciation pose to external debt servicing?
- Should India prioritize reducing short-term debt exposure to minimize refinancing risks?
We’d love to hear your thoughts! Share your perspective in the comments.
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