Source: BL Context: RBI’s latest data highlights that Scheduled Commercial Banks (SCBs) have struggled to mobilise deposits and expand lending in rural India (“Bharat”) compared to semi-urban, urban, and metropolitan areas over the last 25 years. Key Highlights: Credit Growth (2000–2025) Deposit Growth (2000–2025) Credit-Deposit Ratio (CDR) Urbanisation Trends Important Concept You Should Know for RBI Exam About Scheduled Commercial Banks (SCBs) Aspect Details Meaning Banks listed in the Second Schedule of the RBI Act, 1934. Facilities Available Eligible to borrow from RBI, use clearinghouse facilities, and access liquidity support. Types Included 1. Public Sector Banks 2. Private Sector Banks 3. Foreign Banks in India 4. Regional Rural Banks (RRBs) Eligibility (Section 42(6), RBI Act, 1934) – Capital Requirement: Minimum paid-up capital & reserves of ₹5 lakh (practically higher required). – Depositor Safety: Should not conduct business harmful to depositors. – Affairs Management: Must be in the interest of depositors and the public. – Compliance: Must satisfy RBI that it can follow RBI Act & Banking Regulation Act.
Govt to Launch AI-Based Adivasi Language Translation App ‘Aadi Vaani’
Context: The Ministry of Tribal Affairs will launch the beta version of ‘Aadi Vaani’, an AI-based translation model for Adivasi languages, on Monday. The app will be tested under the Adi Karmayogi initiative for capacity-building in tribal districts. Key Highlights: Adi Karmayogi Initiative The Ministry of Tribal Affairs has launched the Adi Karmayogi initiative under the Dharti Aba Janjatiya Gram Utkarsh Abhiyaan to create a cadre of 20 lakh “change leaders” for last-mile delivery of welfare schemes in tribal villages. The Adi Karmayogi Initiative was officially launched on August 19, 2025, by the Ministry of Tribal Affairs. About the Initiative
Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY)
Announced by: PM Narendra Modi during his 12th Independence Day address (15 August 2025, Red Fort)Outlay: Nearly ₹1 lakh croreTarget: 3.5 crore jobs in two yearsAim: Bridge the journey from Swatantra Bharat to Samriddha Bharat by supporting massive employment generation. Key Features of the Scheme Part A – Support to First-Time Employees Part B – Incentives for Employers Incentive Payment Mechanism
Shanghai Cooperation Organisation (SCO)
Context: Prime Minister Narendra Modi met Chinese President Xi Jinping on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit in Tianjin, China (hosting for the 5th time). Theme of the summit is “Upholding the Shanghai Spirit: SCO on the Move”. The meeting comes amid gradual improvement in bilateral engagement after recent disengagement along the India-China border. About Shanghai Cooperation Organization (SCO) Objectives: Major Initiatives: 2025 SCO Summit
State Energy Efficiency Index (SEEI) 2024
Source: PIB Context: On 29 August 2025, the Bureau of Energy Efficiency (BEE) released the State Energy Efficiency Index (SEEI) 2024, in collaboration with the Alliance for an Energy Efficient Economy (AEEE). This is the sixth edition since its launch in 2018. About SEEI: Performance Bands: Top Performers (SEEI 2024): Sectors: About Bureau of Energy Efficiency (BEE):
Daily Current Affairs (DCA) 30 August, 2025
Daily Current Affairs Quiz30 August, 2025 National Affairs 1. The National Annual Report and Index on Women’s Safety (NARI 2025) Source: Mint Context: The National Annual Report and Index on Women’s Safety (NARI 2025) has revealed that a significant proportion of women in urban India feel unsafe, highlighting gaps between lived experiences and official crime data. About NARI 2025 Report: Key Findings: Broader Impact: Institutional & Social Measures: 2. Samudrayaan Project Source: IE Context: Two Indian aquanauts recently dived over 5,000 metres in the Atlantic Ocean aboard the French submersible Nautile. The mission was part of training for India’s upcoming Samudrayaan Project under the Deep Ocean Mission (DOM). About Samudrayaan Project: Established in: Aims and Objectives: Read more>> 3. DBT Biocare Programme Source: TH Context: Nearly five months after being selected, none of the 75 women scientists chosen for the DBT Biocare programme have received their promised research grants or salaries. This has left many of them unable to start projects and financially insecure. About the Biocare Programme Objectives Banking/Finance 1. Index of Industrial Production (IIP) Source: BS Context: India’s Index of Industrial Production (IIP) registered a 3.5% growth in July, a four-month high. The data came a day after the U.S., India’s largest trading partner, operationalised 25% penalty tariffs on Indian goods, citing continued oil purchases from Russia. What it is: Released by: Base Year: Components of IIP: IIP has two types of classification: Weightage: Read more>> 2. Jio Payments Bank to Launch “Savings Pro” Deposit Account Source: BL Context: At the second Annual General Meeting (AGM) of Jio Financial Services (JFS), MD & CEO Hitesh Sethia announced an upcoming innovative product, Savings Pro, under Jio Payments Bank. This marks a new step in integrating banking with investment products for retail customers. Key Highlights: Savings Pro – Innovative Deposit Account About Jio Payments Bank Agriculture 1. Financial Assistance in Agriculture Source: BL Context: India’s farming communities have long struggled with unpredictable weather, volatile markets, and limited access to formal credit. Many farmers fall into high-interest debt traps with informal lenders, undermining their livelihoods. Key Highlights: Importance of Financial Assistance Major Forms of Financial Assistance Recent Developments & Policy Push Challenges Way Forward Facts To Remember 1. Urjit Patel Appointed IMF Executive Director Former RBI Governor Urjit Patel has been appointed as India’s Executive Director at the IMF for three years. He will represent India and neighboring countries at the global financial body. 2. Agriculture & Allied GVA Growth Q1FY26 Agriculture sector GVA grew 3.7% in Q1FY26 versus 1.5% last year. Growth reflects rabi harvest impact; kharif effects will be seen in Q2/Q3. 3. Rare Dragonfly Rediscovered in Western Ghats The species Crocothemis erythraea, earlier known from the Himalayas and Europe, has been rediscovered in the southern Western Ghats. This resolves a debate over its Indian distribution. 4. Speaker Om Birla Seeks SC/ST Welfare Committees in States Lok Sabha Speaker Om Birla urged all states/UTs to form committees on SC/ST welfare. The move aims to strengthen legislative oversight of marginalized communities. 5. First Tempered Glass Plant Inaugurated in Noida Union Minister Ashwini Vaishnaw inaugurated India’s first tempered glass manufacturing plant in Noida, Uttar Pradesh. The facility boosts domestic electronics manufacturing. 6. TRAI Approves Agencies for In-Building Digital Ratings TRAI approved eight Digital Connectivity Rating Agencies (DCRA) to assess in-building mobile and internet network quality. The initiative aims to improve user experience.
Jio Payments Bank to Launch “Savings Pro” Deposit Account
Source: BL Context: At the second Annual General Meeting (AGM) of Jio Financial Services (JFS), MD & CEO Hitesh Sethia announced an upcoming innovative product, Savings Pro, under Jio Payments Bank. This marks a new step in integrating banking with investment products for retail customers. Key Highlights: Savings Pro – Innovative Deposit Account About Jio Payments Bank
Financial Assistance in Agriculture
Source: BL Context: India’s farming communities have long struggled with unpredictable weather, volatile markets, and limited access to formal credit. Many farmers fall into high-interest debt traps with informal lenders, undermining their livelihoods. Key Highlights: Importance of Financial Assistance Major Forms of Financial Assistance Recent Developments & Policy Push Challenges Way Forward
DBT Biocare Programme
Source: TH Context: Nearly five months after being selected, none of the 75 women scientists chosen for the DBT Biocare programme have received their promised research grants or salaries. This has left many of them unable to start projects and financially insecure. About the Biocare Programme Objectives
Index of Industrial Production (IIP)
Source: BS Context: India’s Index of Industrial Production (IIP) registered a 3.5% growth in July, a four-month high. The data came a day after the U.S., India’s largest trading partner, operationalised 25% penalty tariffs on Indian goods, citing continued oil purchases from Russia. What it is: Released by: Base Year: Components of IIP: IIP has two types of classification: Weightage: Importance: Limitations: