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📝 Revision Notes
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Banking & Finance
SBI’s CHAKRA Centre of Excellence
CHAKRA stands for Centre of Holistic Advancement for Knowledge and Resource Allocation. It targets eight sunrise sectors: Renewable Energy, Advanced Cell Chemistry & Battery Storage, Electric Mobility, Green Hydrogen, Semiconductors, Decarbonisation, Smart Infrastructure, and Data Centre Infrastructure. Inaugurated by DFS Secretary M. Nagaraju on January 31, 2026, with MoUs signed with 21 financial institutions including Japanese banks SMBC and MUFG.
Defence & Security
Indian Coast Guard — Golden Jubilee
The ICG celebrated its 50th Raising Day on February 1, 2026, under the theme “Surakshit Tat, Samridh Bharat” (Secure Coasts, Prosperous India). Established on February 1, 1977, it operates under the Ministry of Defence. Currently has 152 ships and 78 aircraft guarding India’s 7,516.60 km coastline. Motto: “Vayam Rakshamah” (We Protect).
Defence & Security
ICG Expansion Plans — Vision 2030
The current Director General of the Indian Coast Guard is Paramesh Sivamani. By 2030, the ICG aims to expand to 200 surface platforms and 100 aircraft, significantly boosting India’s maritime surveillance and coastal security capabilities.
Arts & Entertainment
68th Grammy Awards 2026 — Key Winners
Held on February 1, 2026, at the Crypto.com Arena, Los Angeles, hosted by Trevor Noah. Major winners: Bad Bunny — Album of the Year (first Spanish-language album to win); Billie Eilish — Song of the Year (“WILDFLOWER”); Kendrick Lamar & SZA — Record of the Year (“luther”); Olivia Dean — Best New Artist; Lady Gaga — Best Pop Vocal Album (“MAYHEM”).
Environment
World Wetlands Day 2026
Observed on February 2 each year, the 2026 theme is “Wetlands and traditional knowledge: Celebrating cultural heritage.” The day marks the adoption of the Ramsar Convention on February 2, 1971. The UN General Assembly formally recognised this observance through Resolution 75/317 on August 30, 2021.
Science & Biodiversity
New Caecilian Species — Gegeneophis valmiki
Gegeneophis valmiki, a newly discovered caecilian (limbless amphibian), was found on the Valmiki Plateau, Patan, Satara district in the northern Western Ghats of Maharashtra. Named after the nearby Maharshi Valmiki Mandir, it is the first addition to the genus Gegeneophis in over a decade, published in the journal Phyllomedusa.
Disaster Management
J&K Earthquake — February 2, 2026
An earthquake of magnitude 4.8 struck Jammu & Kashmir on February 2, 2026. The epicentre was in the Pattan area of Baramulla/Budgam district at a depth of approximately 10 km. Tremors were felt across Srinagar, Pulwama, Shopian, and Ganderbal. No casualties or structural damage were reported.
Education
BSEB Class 12 Examinations Begin
The Bihar School Examination Board (BSEB) commenced Class 12 exams on February 2, 2026, with over 13 lakh students appearing across 1,762 centres in two shifts (9:30 AM and 2:00 PM). The West Bengal Board (WBBSE) also started its Madhyamik (Class 10) examinations on the same day.
🎴 Revision Flashcards
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What does CHAKRA stand for in SBI’s new Centre of Excellence?
Centre of Holistic Advancement for Knowledge and Resource Allocation
Targets 8 sunrise sectors including Green Hydrogen and Semiconductors
Tap to Reveal
When was the Indian Coast Guard established?
February 1, 1977
Celebrated its Golden Jubilee (50th Raising Day) in 2026
Tap to Reveal
What is the motto of the Indian Coast Guard?
Vayam Rakshamah (We Protect)
Currently has 152 ships and 78 aircraft; DG: Paramesh Sivamani
Tap to Reveal
Who won Album of the Year at the 68th Grammy Awards 2026?
Bad Bunny
First Spanish-language album to win — “DEBÍ TiRAR MáS FOToS”
Tap to Reveal
What is the theme of World Wetlands Day 2026?
Wetlands and traditional knowledge: Celebrating cultural heritage
Marks the Ramsar Convention adopted on February 2, 1971
Tap to Reveal
Where was the new caecilian species Gegeneophis valmiki discovered?
Northern Western Ghats, Maharashtra
Valmiki Plateau, Patan, Satara district — published in Phyllomedusa
Tap to Reveal
Where was the epicentre of the J&K earthquake on February 2, 2026?
Pattan area, Baramulla/Budgam district
Magnitude 4.8 at ~10 km depth; no casualties reported
Tap to Reveal
Which state board started Class 12 exams on February 2, 2026 with 13 lakh+ students?
Bihar School Examination Board (BSEB)
1,762 centres, two shifts — WBBSE also started Class 10 exams same day
Think & Discuss
Financing the Green Transition: Can Banking Initiatives Like CHAKRA Accelerate India’s Sunrise Sectors?
Context from today’s quiz: SBI’s CHAKRA Centre of Excellence targets eight sunrise sectors — from renewable energy and green hydrogen to semiconductors and data centre infrastructure — backed by MoUs with 21 financial institutions including major Japanese banks. This comes at a time when India is simultaneously pushing massive industrial missions (like ISM 2.0 from the Union Budget) and expanding its defence and maritime capabilities.
🤔 Your Perspective Matters
India’s green and technology transition requires enormous capital — far beyond what government budgets alone can provide. Specialised banking centres like CHAKRA aim to bridge this gap by creating dedicated financing ecosystems for emerging sectors. But the success of such initiatives depends on how well they balance risk appetite with the inherently uncertain nature of sunrise industries.
Can targeted banking initiatives like SBI’s CHAKRA effectively de-risk investments in sunrise sectors, or do these sectors need fundamentally different financing models beyond traditional banking?
Can targeted banking initiatives like SBI’s CHAKRA effectively de-risk investments in sunrise sectors, or do these sectors need fundamentally different financing models beyond traditional banking?
- With international partnerships (like MoUs with Japanese banks SMBC and MUFG), how can India leverage foreign capital and technology transfer without creating dependency on external financing?
- Among the eight sunrise sectors identified by CHAKRA, which do you think has the greatest potential for commercial viability in India within the next decade, and why?
- Should India’s public sector banks take on higher risk to fund early-stage green technologies, or should this role be left to venture capital and specialised green funds?
We’d love to hear your thoughts! Share your perspective in the comments.
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