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📝 Revision Notes
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Health & Development
Kerala Health System Improvement Program
The World Bank-supported program (USD 280 million) for Kerala focuses on expanding health coverage and building resilient health systems against climate shocks. Includes digital health upgrades: eHealth, integrated data platforms, and cybersecurity.
Banking & Finance
Basic Savings Bank Deposit Account (BSBDA)
BSBDA is a financial inclusion account replacing “No-Frills” accounts. Key features: same interest rate as regular savings, no mandatory initial deposit, no compulsory ATM fee, and minimum common facilities for underserved populations.
Banking & Finance
BSBDA–Small Account Limits
For BSBDA–Small Accounts (simplified KYC): Total credits ≤ ₹1 lakh/year; Maximum balance ≤ ₹50,000 at any time; Total debits ≤ ₹10,000/month; No foreign remittances until full KYC is completed.
Banking & Finance
BSBDA Free Services
BSBDA guarantees: 4 free withdrawals/month across channels; ATM balance enquiries don’t count toward this limit; Free passbooks and ATM/debit cards; Cheque books may be chargeable as an additional facility.
Aviation
India Hosts APAC-AIG Meeting
India hosting the APAC-AIG (Asia Pacific Accident Investigation Group) meeting for the first time marks its enhanced role in regional aviation safety cooperation and capability-building. Organized by AAIB under Ministry of Civil Aviation.
International
Sevilla Forum on Debt
Launched during UNCTAD16, the Sevilla Forum on Debt (Spanish-led, backed by UNCTAD and UN DESA) serves as an open platform for dialogue on global debt challenges. Builds on FfD4 outcomes and the Sevilla Commitment.
Environment
Pune – India’s Cleanest Air City (2025)
Pune tops the 2025 clean-air ranking with AQI of 51 (Satisfactory). Success attributed to good wind circulation and sustained urban policies including green mobility and sustainable transport initiatives.
Defence
Exercise Ocean Sky 2025 – IAF in Spain
Indian Air Force became the first non-NATO country to participate in Spain’s Exercise Ocean Sky 2025. Highlights India’s growing interoperability, defence diplomacy, and exposure to advanced Western air-combat tactics.
Defence
Ex Trishul – Tri-Services Exercise
‘Ex Trishul’ is a large-scale tri-services exercise involving Army, Navy, and Air Force. Demonstrates joint operational capability, inter-service coordination, self-reliance (Atmanirbharta), and innovation per the JAI vision.
International Organizations
Justice Prathiba M. Singh – WIPO Chair
Justice Prathiba M. Singh appointed as Chair of WIPO’s Advisory Board of Judges (2025–27). First judge from India and Asia to hold this position. Noted for AI-in-health regulatory work and global IP recognition.
🎴 Revision Flashcards
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What is the value of the World Bank’s Kerala Health System Improvement Program?
USD 280 million
Focus: health coverage + climate resilience
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What is the annual credit limit for BSBDA–Small Accounts?
₹1,00,000 (₹1 lakh)
Max balance: ₹50,000; Monthly debit: ₹10,000
Tap to Reveal
How many free withdrawals per month are guaranteed in BSBDA?
4 (Four)
ATM balance enquiries don’t count toward limit
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Which city topped India’s 2025 clean-air ranking?
Pune
AQI: 51 (Satisfactory); wind circulation + green mobility
Tap to Reveal
India became the first non-NATO country to join which exercise in Spain?
Exercise Ocean Sky 2025
Multinational air combat drill; IAF participation
Tap to Reveal
What does ‘Ex Trishul’ demonstrate?
Tri-services joint operational capability
Army, Navy, Air Force; Atmanirbharta & JAI vision
Tap to Reveal
Who became the first Indian/Asian Chair of WIPO’s Advisory Board of Judges?
Justice Prathiba M. Singh
Term: 2025–27; IP and AI-in-health expertise
Tap to Reveal
Where was the Sevilla Forum on Debt launched?
UNCTAD16
Spanish-led; backed by UNCTAD & UN DESA
Think & Discuss
Financial Inclusion vs. Financial Security: Balancing Access with Risk
Context from today’s quiz: The Basic Savings Bank Deposit Account (BSBDA) and BSBDA–Small Accounts represent India’s push for financial inclusion through simplified KYC and zero minimum balance requirements. However, these accounts come with transaction limits and restricted services to manage risk.
🤔 Your Perspective Matters
Financial inclusion initiatives like BSBDA, Jan Dhan Yojana, and simplified KYC norms have brought millions of unbanked Indians into the formal financial system. However, critics argue that transaction limits and service restrictions create a “two-tier” banking system where the poor have less access to full banking services.
How can India balance the twin goals of maximizing financial inclusion while maintaining robust fraud prevention and regulatory compliance?
How can India balance the twin goals of maximizing financial inclusion while maintaining robust fraud prevention and regulatory compliance?
- Should BSBDA limits be periodically revised upward as digital literacy and identity verification improve?
- How can banks be incentivized to offer more services to low-income account holders without increasing their risk exposure?
- What role should Aadhaar-based authentication play in enabling fuller banking access for simplified KYC accounts?
We’d love to hear your thoughts! Share your perspective in the comments.
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