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📝 Revision Notes
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Digital Payments
UPI-TIPS Linkage (India-Euro Area)
Proposed linkage between India’s UPI (NPCI) and Eurosystem’s TIPS (ECB). Enables faster, cheaper cross-border payments, reduces SWIFT dependence. UPI supports instant P2P and P2M transactions via smartphones.
Social Justice
Punjab SC Commission – First Dedicated Courtroom
India’s first dedicated courtroom under any state SC Commission. Set up by Punjab State SC Commission. Planned Online Court System for virtual appearances—benefits remote complainants.
International
G20 Johannesburg – India’s Proposals
India’s 6 major proposals: G20 Global Traditional Knowledge Repository, G20 Africa Skills Multiplier, G20 Open Satellite Data Partnership, G20 Global Healthcare Response Team, G20 Critical Minerals Circularity Initiative, Drug-Terror Nexus Counter.
Trade
India-Israel FTA Negotiations
Terms of Reference (ToR) signed to begin FTA negotiations. Framework includes Bilateral Investment Treaty (BIT) for improved capital flows. Will enhance market access, trade in goods/services, ease of business.
Awards
76th National Book Awards 2025
Poetry: Patricia Smith (“The Intentions of Thunder”). Fiction: Rabih Alameddine. Young People’s Literature: Daniel Nayeri. Translated Literature: Gabriela Cabezón Cámara. Nonfiction: Omar El Akkad.
Governance
GeM-UN Women MoU – Womaniya Initiative
Focus: Gender-responsive public procurement and integrating women entrepreneurs into GeM ecosystem. Part of GeM’s Womaniya initiative. Promotes sourcing from women-led businesses.
Defence
India Defence Production – Record ₹1.54 Lakh Crore
FY 2023-24: ₹1,27,434 crore (174% rise vs FY 2014-15). FY 2024-25: Highest-ever ₹1.54 lakh crore. Driven by Atmanirbhar Bharat—DPSUs, private sector, MSMEs contributing.
Security
China’s Nuclear-Proof Floating Island
Semi-submersible twin-hull platform. Supports 238 personnel for ~4 months. Withstands 6-9m waves, Category 17 typhoons. Uses “metamaterial” sandwich panels for shock absorption—not just steel.
Obituary
Dharmendra – Padma Bhushan 2012
Veteran actor Dharmendra, known as “He-Man” of Indian cinema. Received Padma Bhushan in 2012. Legendary career spanning action, romance, and comedy genres.
Sports
Lakshya Sen – Australian Open Super 500
Lakshya Sen won 2025 Australian Open Super 500 (Sydney). Defeated Japan’s Yushi Tanaka 21-15, 21-11. First title of 2025; 3rd career Super 500 crown.
🎴 Revision Flashcards
Click each card to flip and test your recall
Tap to Reveal
Who operates TIPS (Target Instant Payment Settlement)?
European Central Bank (ECB)
Eurosystem; NOT World Bank; links with UPI
Tap to Reveal
Which state set up India’s first SC Commission courtroom?
Punjab
Online Court System planned; first in India
Tap to Reveal
What is India’s highest-ever defence production?
₹1.54 Lakh Crore (FY 2024-25)
174% rise since FY 2014-15; Atmanirbhar Bharat
Tap to Reveal
Which award did Dharmendra receive in 2012?
Padma Bhushan
“He-Man” of Indian cinema
Tap to Reveal
Which badminton title did Lakshya Sen win in 2025?
Australian Open Super 500
Sydney; beat Yushi Tanaka; 3rd Super 500 title
Tap to Reveal
What does GeM-UN Women MoU focus on?
Gender-Responsive Public Procurement
Womaniya initiative; women entrepreneurs integration
Tap to Reveal
What material does China’s floating island use for shock absorption?
“Metamaterial” Sandwich Panels
Semi-submersible; 238 personnel; Category 17 typhoons
Tap to Reveal
Who won National Book Award 2025 for Poetry?
Patricia Smith (“The Intentions of Thunder”)
76th National Book Awards
Think & Discuss
Cross-Border Payment Integration: UPI Goes Global – Benefits and Risks
Context from today’s quiz: India is negotiating a linkage between UPI and the Eurosystem’s TIPS to enable faster, cheaper cross-border payments with the Euro Area, reducing dependence on SWIFT. India has already linked UPI with systems in Singapore (PayNow), UAE, France, and several other countries. This expansion represents a significant push for UPI’s internationalization.
🤔 Your Perspective Matters
UPI’s global expansion can dramatically reduce remittance costs for India’s 18+ million diaspora and boost trade. However, cross-border payment systems raise questions about regulatory coordination, currency volatility exposure, data sovereignty, and potential for misuse in money laundering. The shift away from SWIFT also has geopolitical implications.
Should India aggressively expand UPI linkages globally to become a payment superpower, or should it proceed cautiously given the regulatory and security complexities of cross-border financial integration?
Should India aggressively expand UPI linkages globally to become a payment superpower, or should it proceed cautiously given the regulatory and security complexities of cross-border financial integration?
- How can India ensure that UPI’s international linkages don’t compromise domestic payment system security or data privacy?
- What happens to Indian exporters and importers if currency fluctuations make instant cross-border payments unpredictable?
- Could UPI’s expansion help dedollarize global trade, and what would be the geopolitical consequences?
We’d love to hear your thoughts! Share your perspective in the comments.
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