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📝 Revision Notes
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International Trade
AYUSH Global Recognition
India’s AYUSH system gained formal recognition through bilateral trade agreements with Oman and New Zealand. These agreements cover herbal products and wellness services, providing regulatory clarity for traditional medicine exports.
Green Transport
India’s First Hydrogen Train
India’s first hydrogen-powered train pilot project will operate on the Jind–Sonipat route in Haryana. This initiative demonstrates hydrogen as a clean alternative to diesel on non-electrified railway lines.
Judicial Cooperation
India-Bhutan Supreme Court MoU
Under the Supreme Court of India–Bhutan MoU, Bhutanese law clerks will serve in India’s apex court for three months. They receive equal honorarium as Indian clerks with travel expenses covered by the Court.
Politics
AHINDA Coalition in Karnataka
AHINDA (Alpasankhyataru, Hindulidavaru, Dalitaru) is a social justice coalition in Karnataka representing minorities, backward classes, and Dalits. CM Siddaramaiah is closely associated with this political framework.
Education
Sanskaar Shaala Initiative
The Assam Governor launched Sanskaar Shaala to promote value-based education for children. The program emphasizes ethics, compassion, and Indian cultural values alongside formal academic learning.
Archaeology
Kushan-Era Discovery at Taxila
Kushan-era bronze coins discovered near Taxila were found with lapis lazuli fragments. This indicates extensive long-distance trade networks connecting Central and South Asia during the Kushan period.
Capital Markets
SEBI’s Stock Data Lag Proposal
SEBI proposed a uniform 30-day lag on stock price data usage in investor education programs. This aims to prevent misuse of near-real-time market data while maintaining educational content integrity.
Digital Banking
Axis Bank’s Safety Centre
Axis Bank launched Safety Centre, a feature enabling customers to control banking/UPI limits and activate fraud-protection tools in real time. It includes SMS Shield and payee management features.
Banking Regulation
RBI’s 75% Dividend Cap
The RBI proposed a 75% cap on banks’ dividend payouts to strengthen capital buffers and long-term resilience. This encourages banks to retain profits for absorbing future risks and supporting credit growth.
Technology & AI
ISO/IEC 42001 for AI Governance
Financial Software and Systems (FSS) received ISO/IEC 42001 certification—the world’s first standard for AI management systems. It focuses on governance, transparency, and risk mitigation in AI-driven operations.
🎴 Revision Flashcards
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Tap to Reveal
Which countries signed bilateral trade agreements recognizing India’s AYUSH system?
Oman & New Zealand
Covers herbal products and wellness services
Tap to Reveal
What is the pilot route for India’s first hydrogen-powered train?
Jind–Sonipat
Located in Haryana; clean alternative to diesel
Tap to Reveal
How long will Bhutanese law clerks serve in India’s Supreme Court under the MoU?
Three months
Same honorarium as Indian clerks; travel covered by Court
Tap to Reveal
What does AHINDA stand for in Karnataka politics?
Alpasankhyataru, Hindulidavaru, Dalitaru
Minorities, backward classes, and Dalits coalition
Tap to Reveal
What data lag did SEBI propose for stock prices in investor education programs?
30-day lag
To prevent misuse of near-real-time market data
Tap to Reveal
What dividend payout cap did RBI propose for banks?
75%
To strengthen capital buffers and long-term resilience
Tap to Reveal
What is ISO/IEC 42001 certification for?
AI Management Systems
World’s first standard for AI governance & transparency
Tap to Reveal
Which bank launched the “Safety Centre” fraud-protection feature?
Axis Bank
Controls UPI limits and includes SMS Shield feature
Think & Discuss
AI Governance: Balancing Innovation with Accountability
Context from today’s quiz: Financial Software and Systems (FSS) became one of the early adopters of ISO/IEC 42001 certification—the world’s first international standard for AI management systems. This certification emphasizes governance, transparency, and risk mitigation in AI-driven operations, particularly relevant as AI becomes increasingly integrated into critical sectors like digital payments and financial services.
🤔 Your Perspective Matters
As AI rapidly transforms industries from banking to healthcare, the question of responsible AI deployment becomes crucial. Standards like ISO/IEC 42001 represent initial steps toward AI governance, but debates continue about whether voluntary certifications are sufficient or if mandatory regulations are needed.
Should AI governance standards be mandatory for all companies deploying AI in critical sectors, or should the industry be allowed to self-regulate through voluntary certifications?
Should AI governance standards be mandatory for all companies deploying AI in critical sectors, or should the industry be allowed to self-regulate through voluntary certifications?
- What are the potential risks of AI systems operating without standardized governance frameworks in sectors like banking and payments?
- How can developing countries like India balance the need for AI innovation with the requirements of responsible AI deployment?
- Should there be different levels of AI governance requirements based on the criticality of the sector or the potential impact on consumers?
We’d love to hear your thoughts! Share your perspective in the comments.
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