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📝 Revision Notes
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Culture & Religion
Ram Navami & Lord Rama
Lord Rama is the 7th avatar of Lord Vishnu (Dashavataras: Matsya, Kurma, Varaha, Narasimha, Vamana, Parashurama, Rama, Krishna, Buddha, Kalki). Ram Navami falls on Navami Tithi of Chaitra Shukla Paksha — celebrated as Rama’s birth. The original Ramayana was authored by Sage Valmiki; Tulsidas wrote the Ramcharitmanas (Hindi version).
Technology
National AI Skilling Initiative (MIB)
Launched on 23 March 2026 by Union Minister Ashwini Vaishnaw (Ministry of Information & Broadcasting). Partnership: Google & YouTube, implemented through IICT. Targets 15,000 beneficiaries in AVGC and media sectors at no cost. Part of India’s Orange Economy (creative economy) promotion.
Digital Governance
MyWAVES & WAVES OTT Platform
MyWAVES is a citizen creator feature on WAVES OTT — Prasar Bharati’s OTT platform. It allows citizens to create, upload, and share content in multiple Indian languages, integrating with the Create in India Challenge. Prasar Bharati also operates Doordarshan and All India Radio.
Financial Regulation
SEBI — Social Impact Funds Reform
At its 213th board meeting, SEBI cut the minimum investment in Social Impact Funds (SIF) of AIFs from Rs 2 lakh to Rs 1,000. SIF is a sub-category of Category-I AIF (introduced July 2022), investing in NPOs listed on the Social Stock Exchange (SSE). SEBI was established on 12 April 1992; HQ: Mumbai.
Business & Economy
S&P Global India GDP Forecast
S&P Global raised India’s FY27 GDP forecast to 7.1% (+40 bps) and FY26 to 7.6% (+0.4 pp) in its Asia-Pacific Q2 2026 Outlook. Key growth drivers: resilient private consumption, recovering private investment, solid exports. Note: Goldman Sachs cut CY26 GDP to 5.9% — the two forecasts use different time bases (FY vs CY).
Banking
Karnataka Grameena Bank (KGB)
KGB is a Regional Rural Bank (RRB) formed on 1 May 2025 by merging Karnataka Gramin Bank and Karnataka Vikas Grameena Bank. Sponsor bank: Canara Bank; HQ: Ballari. Won the National Award for SHG-Bank Linkage 2024-25 from MoRD. Extended Rs 2,835 crore credit to 80,904 SHGs under DAY-NRLM.
Environment & Science
ZSI Discovers Neoloboptera peninsularis
ZSI (est. 1916; HQ: Kolkata) discovered a new cockroach species in Nathachiwadi, Pune using integrative taxonomy — India’s first DNA-based cockroach identification. India’s cockroach count is now 190 species (~3.8% global diversity). Species is confirmed endemic to India and named after Peninsular India (peninsularis).
International
Lionel Jospin — France’s 35-Hour Law
Jospin (1937–2026) served as PM of France 1997–2002 under President Chirac (cohabitation). Landmark reform: Aubry Law — reduced the working week from 39 to 35 hours. Also introduced PACS (civil unions) and universal healthcare (CMU). Lost 2002 presidential election in the first round to Jean-Marie Le Pen.
Finance
Svatantra Microfin — NBFC-MFI Merger
Svatantra Microfin (SMPL) merged with CIFCPL and SHPL, becoming India’s second largest NBFC-MFI by portfolio. The largest is CreditAccess Grameen. Merger cleared by NCLT Mumbai, RBI, CCI, and BSE. Subsidiary SMHFCL now enables the group to offer both microloans and secured housing finance.
Sustainability
UN Global Compact (UNGC) — Four Domains
L&T Finance joined UNGC (launched July 2000 by Kofi Annan; 17,000+ signatories). UNGC’s Ten Principles span four domains: Human Rights (2), Labour (4 — association, collective bargaining, forced labour, child labour, discrimination), Environment (3 — precautionary, responsibility, clean tech), and Anti-Corruption (1). LTF also signed PCAF for financed emissions measurement.
🎴 Revision Flashcards
Click each card to flip and test your recall
Tap to Reveal
Which avatar of Vishnu is Lord Rama, and who wrote the original Ramayana?
7th avatar; Sage Valmiki
Tulsidas wrote the Ramcharitmanas (Hindi) — not the original Ramayana
Tap to Reveal
Which platform implements the National AI Skilling Initiative under MIB?
IICT (with Google & YouTube)
Indian Institute of Creative Technologies — targets 15,000 AVGC/media participants at zero cost
Tap to Reveal
What did SEBI change about Social Impact Fund (SIF) minimum investment?
Rs 2 lakh → Rs 1,000
213th SEBI Board Meeting; SIF is a Category-I AIF sub-category on the Social Stock Exchange
Tap to Reveal
What is S&P Global’s revised FY27 GDP growth forecast for India (March 2026)?
7.1% (up 40 bps)
FY26 revised to 7.6% (+0.4 pp); from ‘Economic Outlook Asia-Pacific Q2 2026’
Tap to Reveal
When was Karnataka Grameena Bank (KGB) formed and which bank sponsors it?
1 May 2025; Canara Bank
Formed by merging Karnataka Gramin Bank + Karnataka Vikas Grameena Bank; HQ: Ballari
Tap to Reveal
What is India’s total cockroach species count after ZSI’s new discovery?
190 species (~3.8% of global diversity)
Neoloboptera peninsularis found in Pune; first DNA-based cockroach ID in India
Tap to Reveal
What landmark labour reform is associated with French PM Lionel Jospin?
35-hour working week (Aubry Law)
Reduced from 39 to 35 hours; PM 1997–2002 under President Chirac (cohabitation)
Tap to Reveal
Name the four domains of the UN Global Compact’s Ten Principles.
Human Rights, Labour, Environment, Anti-Corruption
Launched July 2000 by Kofi Annan; 17,000+ corporate signatories worldwide
Think & Discuss
India’s Creative Economy: Can AI Skilling Close the Digital Divide or Will It Widen It?
Context from today’s quiz: The National AI Skilling Initiative — launched by MIB in partnership with Google and YouTube through IICT — aims to train 15,000 people in AI tools for India’s creative and media sectors at no cost. Simultaneously, MyWAVES opens Prasar Bharati’s OTT platform to citizen creators. These moves signal a major policy push for India’s ‘Orange Economy’ — but who truly benefits?
🤔 Your Perspective Matters
India’s creative economy policy is increasingly betting on AI tools as a democratising force — but access to quality hardware, reliable internet, and English-language AI interfaces remains uneven across states, genders, and income groups.
Does skilling 15,000 people in Generative AI genuinely open doors for India’s vast informal creative workforce, or does it primarily benefit an already-connected urban elite?
Does skilling 15,000 people in Generative AI genuinely open doors for India’s vast informal creative workforce, or does it primarily benefit an already-connected urban elite?
- Should government-funded AI skilling programmes prioritise Tier-2/3 cities and rural areas over metro-centric implementation? What structural changes would make that feasible?
- With tools like Gemini and Veo being Google products, is there a risk of India’s public creative infrastructure becoming over-dependent on a single foreign tech ecosystem?
- How does the MyWAVES citizen creator model compare to commercial platforms like YouTube or Instagram — what unique public-interest role, if any, can a government OTT play in a crowded market?
We’d love to hear your thoughts! Share your perspective in the comments.
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