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π Revision Notes
Key takeaways from today’s quiz to strengthen your preparation
Banking
RBI Unclaimed Deposits Scheme
One-year scheme running October 1, 2025 β September 30, 2026 to expedite settlement of unclaimed deposits and reactivate inoperative accounts, reducing dormant funds in the DEA Fund.
Digital Finance
Bank of Baroda eRUPI P2P Vouchers
BoB launched P2P eRUPI digital vouchers via bob ΰ€ Pay UPI app. Voucher range: βΉ1 to βΉ10,000. Vouchers are non-transferable and auto-refunded if unredeemed.
International
Greece’s Eurobank in India
Eurobank (β¬100 billion assets) will open a representative office in Mumbai by December 2025. Aligns with the IMEC initiative promoting India-Europe-Middle East trade cooperation.
Nuclear Energy
Mahi Banswara Nuclear Project
India’s first nuclear JV between CPSEs β NPCIL and NTPC under ASHVINI (Anushakti Vidhyut Nigam Limited). Features 4 Γ 700 MW PHWRs at βΉ42,000 crore in Rajasthan.
Infrastructure
JNPA Electric Truck Fleet
JNPA launched India’s first electric heavy truck fleet with swappable batteries. Target: 90% of 600-vehicle fleet electrified by December 2026. MoU signed with Ashoka University’s ICPP.
Art & Culture
A. Ramachandran Museum
Museum honoring artist A. Ramachandran (1935β2024) inaugurated at Sree Narayana Guru Cultural Complex, Kollam. Celebrates his fusion of urban realism, mythology, and traditional murals.
International Relations
India-China Direct Flights Resume
After suspension due to pandemic and border tensions, direct flights resume by late October 2025. Expected routes: DelhiβBeijing and MumbaiβShanghai under revised Air Services Agreement.
Awards
ISSA Award 2025 for India
Won at World Social Security Forum, Kuala Lumpur for expanding coverage from 19% (2015) to 64.3% (2025), benefiting 940 million+ citizens. Acknowledged by ILO.
Defence
MiG-21 Retirement
MiG-21s retired on September 26, 2025 after 62 years of service (inducted 1963). Final squadrons: No. 23 Panthers and No. 3 Cobras decommissioned at Chandigarh.
Important Days
World Habitat Day 2025
Observed on October 6, 2025 (first Monday of October). Theme: “Urban Crisis Response”. Established by UN General Assembly in 1985 to promote sustainable urban development.
π΄ Revision Flashcards
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What is the duration of RBI’s Unclaimed Deposits Scheme?
Oct 1, 2025 β Sep 30, 2026
One-year scheme for inoperative accounts
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What is the voucher limit for BoB’s eRUPI P2P feature?
βΉ1 to βΉ10,000
Via bob ΰ€ Pay UPI app; non-transferable
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What is ASHVINI in context of nuclear power?
Anushakti Vidhyut Nigam Limited
NPCIL-NTPC JV for Mahi Banswara project
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When did MiG-21 jets retire from IAF service?
September 26, 2025
After 62 years; ceremony at Chandigarh
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When will India-China direct flights resume?
Late October 2025
Delhi-Beijing, Mumbai-Shanghai routes expected
Tap to Reveal
What is the theme of World Habitat Day 2025?
“Urban Crisis Response”
October 6 (first Monday of October)
Tap to Reveal
By when will JNPA electrify 90% of its truck fleet?
December 2026
600-vehicle fleet; swappable battery trucks
Tap to Reveal
Eurobank’s India office aligns with which corridor initiative?
IMEC (India-Middle East-Europe Economic Corridor)
Greece’s Eurobank; Mumbai office by Dec 2025
Think & Discuss
End of an Era: MiG-21’s Retirement and the Future of Indian Air Power
Context from today’s quiz: The Indian Air Force formally retired its iconic MiG-21 fighter jets on September 26, 2025, after 62 years of service. Inducted in 1963, the MiG-21 was the backbone of IAF for decades but also earned the unfortunate nickname “Flying Coffin” due to numerous accidents claiming over 400 pilots’ lives.
π€ Your Perspective Matters
With the MiG-21’s retirement, the IAF faces the challenge of maintaining adequate squadron strength while awaiting indigenous fighters like the Tejas Mk2 and the fifth-generation AMCA. The current strength is below the sanctioned 42 squadrons needed to counter potential two-front threats.
How should India balance between importing advanced fighters for immediate needs and investing in indigenous defence manufacturing for long-term self-reliance?
How should India balance between importing advanced fighters for immediate needs and investing in indigenous defence manufacturing for long-term self-reliance?
- Should India fast-track more foreign fighter deals (like Rafale) or prioritize the indigenous Tejas program despite delays?
- What lessons can India learn from other countries that have successfully developed advanced indigenous fighter programs?
- How can private sector participation accelerate India’s defence manufacturing capabilities?
We’d love to hear your thoughts! Share your perspective in the comments.
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