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📝 Revision Notes
Key takeaways from today’s quiz to strengthen your preparation
Defence & Heritage
Param Vir Dirgha Gallery
Inaugurated at Rashtrapati Bhavan, Param Vir Dirgha showcases portraits of all 21 Param Vir Chakra awardees—India’s highest military decoration for valour. This gallery symbolically replaces colonial-era British ADC portraits, reinforcing India’s national military heritage and honouring supreme sacrifice.
Pension & Retirement
PFRDA NPS Reforms
Updated rules allow non-government NPS subscribers with corpus exceeding ₹12 lakh to withdraw up to 80% at maturity, with only 20% mandated for annuity purchase. This reform significantly enhances retirement flexibility and liquidity for private sector employees.
Trade & Crafts
Ponduru Khadi GI Tag
Geographical Indication (GI) tag for Ponduru Khadi from Andhra Pradesh provides legal protection for its origin-linked identity and traditional craftsmanship. This recognition enhances market value for local artisans and preserves indigenous textile heritage against imitation.
International Relations
India-Ethiopia Strategic Partnership
PM Modi’s visit to Addis Ababa resulted in three MoUs covering UN peacekeeping operations collaboration, among other areas. This reflects India’s commitment to multilateral cooperation and strengthening ties with African nations through developmental partnerships and shared security interests.
Business & Economy
JP Morgan’s India Expansion
JP Morgan’s planned Global Capability Centre (GCC) in Mumbai (Powai) will employ approximately 30,000 people in IT, analytics, innovation, and operations. This investment underscores India’s position as a global hub for high-value financial services and technology operations.
Digital Payments
Google Pay Credit Card Innovation
Google’s first-ever credit card in India (with Axis Bank on RuPay network) enables credit-based UPI payments through Google Pay integration. This milestone demonstrates India’s mature digital payments ecosystem merging credit access with UPI’s widespread merchant acceptance.
Banking & Finance
SBI Leadership Continuity
Extension of Ashwini Kumar Tewari’s tenure as SBI Managing Director ensures leadership stability during critical phases of digital transformation, credit expansion, and balance sheet strengthening. This continuity is vital for India’s largest public sector bank’s strategic execution.
Geopolitics
Great Honour Nishan Award
Ethiopia conferred its Great Honour Nishan award on PM Modi, recognizing strengthened bilateral ties and India’s role in Ethiopia’s development. This reflects India’s historical connections through educational contributions and its growing influence in African developmental partnerships.
Arts & Culture
Homebound at Oscar Shortlist
Indian film Homebound made the final 15 shortlist for Best International Feature at the Oscars, positioning it among top contenders before the final five nominations. This recognition highlights Indian cinema’s growing international acclaim and storytelling excellence.
Constitutional Rights
Minorities Rights Day
Observed to emphasize constitutional safeguards for religious, linguistic, and cultural minorities under Articles 29, 30, 350A, and 350B. The day promotes equality, inclusion, and participation while highlighting the importance of protecting minority educational and cultural rights.
🎴 Revision Flashcards
Click each card to flip and test your recall
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How many Param Vir Chakra awardees are featured in Param Vir Dirgha?
21 awardees
Gallery inaugurated at Rashtrapati Bhavan
Tap to Reveal
What percentage can NPS subscribers withdraw if corpus exceeds ₹12 lakh?
Up to 80%
Only 20% must go into annuity under PFRDA reforms
Tap to Reveal
Which state is Ponduru Khadi from?
Andhra Pradesh
Recently received Geographical Indication tag
Tap to Reveal
How many people will JP Morgan’s Mumbai GCC employ?
About 30,000
Located in Powai, focusing on IT, analytics, and operations
Tap to Reveal
Which bank partnered with Google for the credit card launch?
Axis Bank
Card operates on RuPay network with UPI integration
Tap to Reveal
Which Ethiopian award did PM Modi receive?
Great Honour Nishan
Recognizes India-Ethiopia bilateral ties and development role
Tap to Reveal
How many films make the Oscar Best International Feature shortlist?
15 films
Final 5 nominations announced later; Homebound made the cut
Tap to Reveal
Which Constitutional Articles protect minority rights?
Articles 29, 30, 350A, 350B
Cover educational, cultural, and linguistic rights of minorities
Think & Discuss
Balancing Retirement Security with Financial Flexibility in Pension Reforms
Context from today’s quiz: The PFRDA’s recent reforms for non-government NPS subscribers allow withdrawal of up to 80% of the retirement corpus (when exceeding ₹12 lakh), with only 20% mandated for annuity purchase. This represents a significant shift from the earlier 60-40 split, prioritizing individual choice and liquidity.
🤔 Your Perspective Matters
While increased withdrawal flexibility empowers retirees to manage their savings according to personal needs, does it risk undermining the fundamental purpose of pension systems—ensuring steady, lifelong income security during old age?
Should pension reforms prioritize individual freedom over mandatory income security, or should governments maintain stricter annuity requirements to protect retirees from outliving their savings?
Should pension reforms prioritize individual freedom over mandatory income security, or should governments maintain stricter annuity requirements to protect retirees from outliving their savings?
- How can policy strike a balance between respecting individual financial autonomy and protecting vulnerable retirees from poor investment decisions or premature depletion of savings?
- Should different rules apply based on corpus size, age, or financial literacy levels to customize protection while enabling flexibility?
- What lessons can India learn from pension reforms in countries like Australia (superannuation), the UK (pension freedoms), or Chile (AFP system) regarding retirement security outcomes?
We’d love to hear your thoughts! Share your perspective in the comments.
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