Global Governance & Multilateral Diplomacy

BRICS Sherpas Meeting – India’s Chairship 2026

The first meeting of BRICS Sherpas & Sous Sherpas was convened in New Delhi.

Why it matters:

• Sherpas shape summit agendas and negotiation priorities.

• Reflects India’s leadership role in Global South diplomacy.

Exam relevance:
✔ BRICS institutional structure
✔ India’s multilateral engagement strategy
✔ Consensus-building diplomacy

Statistics, Data Governance & Economic Monitoring

NSSTA – 18th Foundation Day

National Statistical Systems Training Academy (MoSPI) celebrated its foundation day.

Core Role:

• Capacity building in official statistics

• Training for data collection & survey methodologies

Exam Relevance:

• Statistical governance infrastructure

• Importance of human capital in data systems

🔶 State Finances & Fiscal Policy

Uttar Pradesh Budget 2026–27

• Total Outlay: ₹9.13 lakh crore

• Growth: 12.2% increase over previous FY

• Signals continued emphasis on infrastructure, welfare expenditure, and capital formation.

🔶 Governance, Innovation & Startup Ecosystem

Revised Startup Recognition Framework
Government of India strengthened the Startup India Action Plan by refining recognition norms.
Focus areas: innovation quality, technology depth, manufacturing linkages, and scalability.
Exam relevance: Innovation policy, startup regulation, emerging technology ecosystem.

iLive Connect – AI-Powered Home Healthcare Ecosystem
India launched the world’s first doctor-led, AI-enabled home healthcare platform.
Integrates clinical expertise with AI diagnostics and remote patient management.
GS-II / GS-III linkage: Digital health, AI in healthcare, preventive medicine models.

Banking, Monetary Policy & Financial Regulation

Risk-Based Premium (RBP) for Deposit Insurance – DICGC

• DICGC, with RBI approval, introduced a Risk-Based Premium framework for deposit insurance.

• Premiums payable by banks will now reflect their risk profile, incentivising better risk management.

• Exam relevance:

  • Banking supervision reforms

  • Strengthening depositor protection

  • Shift from uniform pricing to risk-sensitive regulation.