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📝 Revision Notes
Key takeaways from today’s quiz to strengthen your preparation
Elections
EC De-lists 474 Unrecognised Parties
Reason: Not contesting any election since 2019. Total removals: 808 in two months. Additional 359 parties under scrutiny for not filing audited accounts. Part of EC’s cleanup of registered unrecognised political parties.
Insurance
Bima Sugam – IRDAI’s Digital Marketplace
Launch: Phases starting December 2025. Features: All-in-one digital insurance marketplace. Functions: Purchase, renewal, and claim processes. Backed by Life Insurance Council and General Insurance Council.
Social Welfare
Tamil Nadu SHG Women ID Cards
Benefits: Free bus travel up to 100 km, discounts at government outlets. Additional: ₹3,500 crore loans announced for SHG members. Empowers women self-help group members across Tamil Nadu.
International Relations
India-Canada Trade Talks Restart
Cooperation areas: Defence, critical minerals, energy, civil nuclear, security, and technology. Marks warming of ties after previous diplomatic tensions. Comprehensive multi-sector engagement framework.
Fintech
PhonePe Gets RBI Payment Aggregator License
Approved to operate as online payment aggregator. Daily transactions: ~360 million. User base: 650 million users. Merchant network: 45 million merchants. Strengthens regulatory compliance.
International
Daniel Katz – IMF First Deputy MD Nominee
Proposed by IMF Chief Kristalina Georgieva. Position: First Deputy Managing Director (second-highest role). Background: Chief of staff to US Treasury Secretary, decade+ of Treasury experience.
Entertainment
“Homebound” – India’s Oscar 2026 Entry
Director: Neeraj Ghaywan. Category: Best International Feature Film, 98th Academy Awards. Premiere: Cannes Film Festival. Cast: Ishaan Khatter, Vishal Jethwa, Janhvi Kapoor. Producers: Karan Johar, Adar Poonawalla.
Mining
OIL-HCL MoU for Critical Minerals
Partners: Oil India Limited and Hindustan Copper Limited. Focus: Exploration and development of strategic minerals, especially copper. Framework: National Critical Mineral Mission.
Energy
OIL-RVUNL Green Energy Partnership – Rajasthan
Total capacity: 1.2 GW. Mix: 1,000 MW solar + 200 MW wind. Additional: Exploring green hydrogen. Supply to: DISCOMs and commercial users. Partners: OIL and RVUNL (Rajasthan).
Technology
India’s AI Impact Summit 2026 Announcement
Current GPUs: 38,000 (more coming). AI Labs: 500+ Data & AI Labs planned. DPDP rules: Finalised after wide consultations. Summit: To be inaugurated by PM, global participation expected.
🎴 Revision Flashcards
Click each card to flip and test your recall
Tap to Reveal
Why did EC de-list 474 political parties?
Not contesting elections since 2019
Total 808 de-listed in two months
Tap to Reveal
When will IRDAI’s Bima Sugam launch?
Phases starting December 2025
All-in-one digital insurance marketplace
Tap to Reveal
TN SHG women ID card free bus travel limit?
Up to 100 km
Also includes ₹3,500 crore loans
Tap to Reveal
PhonePe’s daily transactions after RBI approval?
~360 million
650 million users, 45 million merchants
Tap to Reveal
Daniel Katz proposed for which IMF role?
First Deputy Managing Director
Second-highest role at IMF
Tap to Reveal
India’s Oscar 2026 entry film?
“Homebound” by Neeraj Ghaywan
Premiered at Cannes, produced by Karan Johar
Tap to Reveal
OIL-RVUNL Rajasthan green energy capacity mix?
1,000 MW solar + 200 MW wind (1.2 GW total)
Also exploring green hydrogen
Tap to Reveal
India’s current GPU count for AI infrastructure?
38,000 GPUs (more coming)
500+ Data & AI Labs planned
Think & Discuss
Bima Sugam: Can India Create a “UPI Moment” for Insurance?
Context from today’s quiz: IRDAI’s “Bima Sugam” is an all-in-one digital insurance marketplace set to launch in phases from December 2025. It will enable purchase, renewal, and claim processes on a single platform, backed by both Life Insurance Council and General Insurance Council.
🤔 Your Perspective Matters
India’s UPI revolution transformed digital payments from a complex process to a seamless experience, driving financial inclusion at unprecedented scale. Bima Sugam aims to do the same for insurance – making it as easy to buy, renew, and claim insurance as it is to make a UPI payment. However, insurance involves more complex products, underwriting, and claim assessment processes than payments.
Can Bima Sugam replicate UPI’s success and dramatically increase insurance penetration in India, or are there fundamental differences that will limit its transformative impact?
Can Bima Sugam replicate UPI’s success and dramatically increase insurance penetration in India, or are there fundamental differences that will limit its transformative impact?
- What lessons from UPI’s success can be applied to insurance digitization?
- How can Bima Sugam address the trust deficit that prevents many Indians from buying insurance?
- Should Bima Sugam focus first on simpler products (like term insurance) before tackling complex ones?
We’d love to hear your thoughts! Share your perspective in the comments.
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