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📝 Revision Notes
Key takeaways from today’s quiz to strengthen your preparation
International Taxation
India–France DTAC Amendment
The amended India-France Double Taxation Avoidance Convention introduces a two-tier dividend tax: 5% when the shareholder holds at least 10% of capital, and 15% in other cases. The Most Favoured Nation (MFN) clause has been removed for greater bilateral clarity.
Parliamentary Affairs
Parliamentary Friendship Groups
Lok Sabha Speaker Om Birla constituted Parliamentary Friendship Groups (PFGs) with 64 countries to strengthen inter-parliamentary cooperation. Each group typically comprises 11 members from both Houses, led by a designated Chairperson.
Defence & Military Exercises
Exercise Vajra Prahar 2026
The 16th edition of India-USA Joint Special Forces Exercise ‘Vajra Prahar’ commenced at SFTS Bakloh, Himachal Pradesh on February 24, 2026. It involves 45 Indian and 12 US personnel, focusing on joint operations in mountainous terrain.
National Security
PRAHAAR – Seven Pillars Framework
India’s first national counter-terrorism policy PRAHAAR outlines seven pillars: Prevention, Response, Aggregating capacities, Human Rights & Rule of Law, Attenuating enabling conditions, Aligning global efforts, and Recovery & resilience.
Mountaineering & Geography
Mount Aconcagua – Indian Expedition
Mount Aconcagua (6,967 m) in Argentina is the highest peak in South America and the tallest outside Asia. It is part of the Seven Summits. The joint NIM-JIM&WS expedition was led by Colonel Hem Chandra Singh.
Banking & Finance
ADB–Aavas Financiers Partnership
The Asian Development Bank (ADB) signed a USD 108 million financing package with Aavas Financiers to expand affordable housing loans for self-built and green-certified homes and MSME lending in underserved states. Includes USD 8 million concessional debt via CANPA.
Appointments & Governance
FSIB Recommends CMD for GIC Re
The Financial Services Institutions Bureau (FSIB) recommended Hitesh Rameshchandra Joshi as CMD of GIC Re. He has served as Executive Director since July 2024 and held additional charge as CMD since October 2025. Appointment awaits ACC confirmation.
Sports & International Recognition
Sachin Tendulkar – UN Road Safety Champion
Sachin Tendulkar was designated a Global Champion for Road Safety by the United Nations on February 24, 2026. He joins other international figures in supporting global road safety awareness and accident prevention campaigns.
Defence & Military Exercises
Exercise Agni Varsha at Pokhran
Exercise Agni Varsha, led by the Southern Command, was conducted at Pokhran on February 24, 2026. It validated coordinated combined arms operations using T-90 tanks, K-9 Vajra howitzers, Apache helicopters, and drone systems in a desert battlefield environment.
Sports
Tomas Etcheverry – ATP 500 Rio Open Champion
Argentine tennis player Tomas Martin Etcheverry won his maiden ATP Tour title at the ATP 500 Rio Open in Brazil. The 26-year-old secured a hard-fought three-set victory in the final.
🎴 Revision Flashcards
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What is the dividend tax rate under the amended India-France DTAC for 10%+ shareholders?
5%
15% rate applies in all other cases; MFN clause removed
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With how many countries did Speaker Om Birla constitute Parliamentary Friendship Groups?
64 countries
Each group has 11 members from both Houses of Parliament
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Where is Exercise Vajra Prahar 2026 being conducted?
Bakloh, Himachal Pradesh
16th edition; India-USA Joint Special Forces Exercise at SFTS
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What do the seven letters in PRAHAAR stand for?
Prevention, Response, Aggregating, Human Rights, Attenuating, Aligning, Recovery
India’s first unified counter-terrorism policy by MHA
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Which company received USD 108 million from ADB for affordable housing?
Aavas Financiers
For self-built & green-certified homes and MSME lending in underserved states
Tap to Reveal
Who was designated UN Global Champion for Road Safety in Feb 2026?
Sachin Tendulkar
Designated on February 24, 2026 by the United Nations
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Which Army Command led Exercise Agni Varsha at Pokhran?
Southern Command
Used T-90 tanks, K-9 Vajra howitzers, Apache helicopters & drones
Tap to Reveal
At which tournament did Tomas Etcheverry win his maiden ATP title?
ATP 500 Rio Open
26-year-old Argentine; won in three sets in Brazil
Think & Discuss
India’s Evolving Counter-Terrorism Architecture: Is PRAHAAR a Game-Changer?
Context from today’s quiz: India released its first-ever unified counter-terrorism policy ‘PRAHAAR’ built on seven pillars, while simultaneously conducting joint military exercises like Vajra Prahar with the US and Exercise Agni Varsha domestically — reflecting a multi-layered approach to national security involving diplomacy, doctrine, and operational readiness.
🤔 Your Perspective Matters
PRAHAAR marks India’s shift from a reactive to a proactive, intelligence-led counter-terrorism strategy with a whole-of-government and whole-of-society approach. While the seven-pillar framework is comprehensive on paper — incorporating human rights, global alignment, and resilience — the real challenge lies in effective inter-agency coordination, balancing civil liberties with security, and sustaining political will across governments.
Can a doctrine-driven approach like PRAHAAR truly transform India’s counter-terrorism effectiveness, or does success ultimately depend on ground-level intelligence reform and inter-agency coordination?
Can a doctrine-driven approach like PRAHAAR truly transform India’s counter-terrorism effectiveness, or does success ultimately depend on ground-level intelligence reform and inter-agency coordination?
- How can India ensure that the ‘whole-of-society’ pillar does not lead to excessive surveillance or erosion of civil liberties in the name of security?
- What role should joint military exercises like Vajra Prahar and Agni Varsha play in operationalising the PRAHAAR framework beyond strategic documents?
- Should India push for a multilateral counter-terrorism convention at the UN level, or are bilateral and regional mechanisms more effective in the current geopolitical landscape?
We’d love to hear your thoughts! Share your perspective in the comments.
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