Source: ET Context: From 1 April, India will overhaul its deposit insurance premium framework, moving from a flat-rate system to a risk-based pricing model.The reform was announced by the Reserve Bank of India and will be implemented by the Deposit Insurance and Credit Guarantee Corporation (DICGC). What was the earlier system? What is changing now? 1. Risk-based premium framework Banks’ deposit insurance premiums will now depend on: Stronger banks pay lower premiums, riskier banks pay higher premiums. 2. Two risk assessment models 3. Caps on premium variation 4. Vintage incentive 5. Special treatment of certain banks
RBI issues draft norms for Corporate Bond Index Derivatives & TRS
Source: ET Context: The Reserve Bank of India (RBI) has issued draft guidelines for derivatives trading in: These measures were announced by Finance Minister Nirmala Sitharaman in the Union Budget to deepen India’s corporate bond market. Why this move? RBI aims to: What is a Total Return Swap (TRS)? A TRS is a derivative where: Enables synthetic exposure to credit risk. Key Provisions in the Draft Norms 1. Eligible Participants 2. Reference / Underlying Assets Derivatives may reference indices comprising: 3. Interest Rate Benchmark 4. Settlement Norms
What India has conceded on agriculture in the India–US trade framework
Source: IE Context: India’s concessions on agriculture under the India–US interim trade framework are selective and calibrated, not a wholesale opening. The strategy reflects a balance between trade diplomacy and domestic political economy of farming. India has opened non-sensitive segments of agriculture while ring-fencing staple crops and livelihood-critical sectors. What India has agreed to open India has committed to reducing or removing tariffs on a limited basket of US agricultural and food products, including: Why these were chosen What India has protected India has explicitly kept out key sensitive agricultural sectors from tariff concessions: Who gains and who faces pressure Likely gainers Potentially affected What this tells us about India’s trade strategy
GM Crops
Context: The issue has resurfaced after the India–US interim trade framework released by the White House, where genetically modified (GM) crops are central to American agriculture. Rather than being a threat, the editorial argues this moment offers India a policy reset opportunity — to revisit long-standing biases against GM technology and reassess its role in food security, sustainability, and competitiveness. What are GM crops? Genetically Modified (GM) crops are plants whose genetic material has been artificially altered using biotechnology to introduce desirable traits such as: This is done through recombinant DNA technology, unlike conventional breeding. Why does India need GM crop technology? 1. Food security pressures GM crops can: India’s refusal to even test many GM crops risks making agriculture uncompetitive and resource-intensive. 2. Global reality vs Indian hesitation The paradox: India needs the technology but refuses to scientifically evaluate it. What has caused the policy logjam? The editorial identifies three core reasons: 1. Wrong categorisation of GM crops GM crops have been politically framed as environmentally hazardous, rather than being evaluated case-by-case on scientific evidence. This blanket suspicion ignores: 2. Regulatory paralysis Environmental “protection” has been enforced via administrative orders, not legislation. This has: An indefinite moratorium on testing means policy decisions are being made without data. 3. Centre–State conflict The result is a system where no authority can decisively act, leading to policy drift. What does the editorial recommend? 1. Let scientists decide 2. Restore regulatory credibility 3. Build informed public choice 4. Use the US trade deal as a re-entry point
Central Sector Scheme of Formation and Promotion of 10,000 Farmer Producer Organizations (FPOs)
Source: PIB Context: The Government of India has completed the formation of 10,000 Farmer Producer Organisations (FPOs) under this central sector scheme. Notably, 21.96 lakh women farmers are members, underlining the scheme’s strong gender inclusion focus (PIB). What is the Scheme? The Central Sector Scheme of Formation and Promotion of 10,000 FPOs aims to collectivise small and marginal farmers into formal producer organisations so they can: Launch Details Implementing Agencies (IAs) Aim of the Scheme To build a sustainable, income-oriented farming ecosystem by: Key Features of the Scheme 1. Cluster & Commodity-Based Approach 2. Financial Support a) Handholding Support b) Equity Grant c) Credit Guarantee 3. Market Linkages 4. Capacity Building 5. Inclusion Focus
India–USA Trade Deal 2026
Source: TOI Why in news? India and the United States concluded a landmark bilateral trade deal in February 2026, sharply reducing tariffs and ending a phase of intense trade friction. The agreement was jointly announced by Donald Trump and the Prime Minister of India, signalling a strategic economic reset. What is the India–USA Trade Deal 2026? Key Features of the Deal 1. Tariff Rationalisation 2. Removal of Punitive Duties 3. Energy & Commodity Pivot 4. Reciprocal Market Access 5. Sectoral Safeguards 6. Technology & Nuclear Cooperation
Denotified Tribes Seek Constitutional Recognition, Separate Census Entry
Source: TH Why in news? Denotified Tribes (DNTs), Nomadic Tribes (NTs) and Semi-Nomadic Tribes (SNTs) across India have demanded a separate column in the 2027 caste Census and constitutional recognition through a distinct Schedule, arguing that they are politically and administratively misclassified within existing SC, ST and OBC categories. Who are Denotified, Nomadic and Semi-Nomadic Tribes? Key Demands
SabhaSaar Initiative
Source: PIB Why in news? The SabhaSaar Initiative has seen rapid adoption, with over 1.11 lakh Gram Panchayats using the AI-enabled platform for automated summarisation of Gram Sabha meetings as of January 2026, marking a major milestone in digital local governance. What is the SabhaSaar Initiative? SabhaSaar is an AI-powered voice-to-text and meeting summarisation platform that automatically generates structured Minutes of Meetings (MoM) from Gram Sabha and Panchayat meeting recordings. Institutional Framework Objective
Disaster Victim Identification (DVI) Guidelines
Source: IE Why in news? India has released its first-ever national guidelines and Standard Operating Procedures (SOPs) for Disaster Victim Identification (DVI) to address long-standing gaps in the identification of victims in mass fatality disasters, ensuring scientific accuracy, legal certainty, and humane treatment of families. What is Disaster Victim Identification (DVI)? Disaster Victim Identification (DVI) is a scientific, structured and multidisciplinary process used to identify deceased persons in mass fatality incidents, such as: The process culminates in the dignified and lawful handover of remains to families. Institutions Involved Aims of the DVI Guidelines
The International Space Station (ISS)
Source: ET Why in news? The International Space Station (ISS) is slated for controlled de-orbiting around 2030, marking the planned end of the longest continuous human presence in low Earth orbit (LEO) and a transition toward commercially operated space stations. What is the ISS? Who Operates the ISS? A five-agency international partnership: Governance model: Shared responsibilities—each partner maintains the hardware it provides; operations rely on tight interdependence. Aims & Roles Key Features