Atal Beemit Vyakti Kalyan Yojana (ABVKY): ESIC's Unemployment Relief Scheme for Insured Workers
Governance & Social Justice
Why in News?
The Employees’ State Insurance Corporation (ESIC) has extended the Atal Beemit Vyakti Kalyan Yojana (ABVKY) from 1 July 2026 to 30 June 2027. The scheme provides temporary financial assistance to insured workers who lose their jobs involuntarily, ensuring social security during periods of unemployment.
About Atal Beemit Vyakti Kalyan Yojana (ABVKY)
Eligibility
UPSC Prelims Focus
Source/Reference:
https://www.pib.gov.in/PressReleasePage.aspx?PRID=2289944®=48&lang=1
National Apprenticeship Promotion Scheme-2 (NAPS-2): Strengthening India's Apprenticeship Ecosystem
Economy
Why in News?
The Union Cabinet approved the continuation of the National Apprenticeship Promotion Scheme-2 (NAPS-2) with enhanced financial support to expand apprenticeship opportunities, improve industry participation, and strengthen India’s skilled workforce. The scheme aims to bridge the gap between education and industry while promoting employment-oriented training.
About National Apprenticeship Promotion Scheme-2 (NAPS-2)
Key Features
UPSC Prelims Focus
Source/Reference:
https://www.pib.gov.in/PressReleasePage.aspx?PRID=2289894®=48&lang=1
Atmanirbhar Panchayat Programme: Promoting Financially Self-Reliant Panchayats through Own Source Revenue (OSR)
Why in News?
The Ministry of Panchayati Raj launched the Atmanirbhar Panchayat Programme, along with the SAMARTH Panchayat Portal and Model Own Source Revenue (OSR) Rules, to strengthen the financial autonomy of Panchayati Raj Institutions (PRIs) and support the vision of Viksit Bharat @2047.
About the Atmanirbhar Panchayat Programme
Key Features
Eligibility
UPSC Prelims Focus
Source/Reference:
https://www.pib.gov.in/PressReleasePage.aspx?PRID=2290029®=48&lang=2
Microporellus kolhapurensis: Newly Discovered Polypore Fungus from the Western Ghats
Environment & Ecology
Why in News?
A new species of polypore (bracket) fungus, Microporellus kolhapurensis, has been discovered in Bhudargad taluka of Kolhapur district, Maharashtra. The discovery, published in Nelumbo, the journal of the Botanical Survey of India (BSI), highlights the rich but understudied fungal diversity of the Western Ghats, a global biodiversity hotspot.
About Microporellus kolhapurensis
About Polypore (Bracket) Fungi
UPSC Prelims Focus
Source/Reference:
Kalpasar Project: Gujarat's Mega Freshwater Reservoir and Gulf of Khambhat Development Initiative
ASEAN Regional Forum (ARF): Indo-Pacific's Premier Multilateral Security Dialogue
International Relations
Why in News?
At the 33rd ASEAN Regional Forum (ARF) Ministerial Meeting held in Manila, Philippines, External Affairs Minister Dr. S. Jaishankar reiterated India’s policy of zero tolerance against terrorism, called for choking terror financing, and stressed the need for a rules-based maritime order with safe and unimpeded international waterways in accordance with UNCLOS.
About the ASEAN Regional Forum (ARF)
Key Areas of Cooperation
UPSC Prelims Focus
Source/Reference:
Blue Straggler Stars: The 'Rejuvenated' Stars that Defy Stellar Evolution
Science & Technology
Why in News?
Indian astronomers have made the world’s first confirmed discovery of a Blue Straggler Star hosting a brown dwarf companion in an exceptionally compact binary system. The finding provides new insights into the formation and evolution of blue straggler stars and challenges conventional theories of stellar ageing.
About Blue Straggler Stars (BSS)
Formation Mechanisms
UPSC Prelims Focus
Source/Reference:
https://www.pib.gov.in/PressReleasePage.aspx?PRID=2290027®=48&lang=1
Museum Grant Scheme: Preserving India's Cultural Heritage through Museum Modernisation
Art & Culture, Governance
Why in News?
The Ministry of Culture recently announced financial assistance under the Museum Grant Scheme for the establishment of new museums and the modernization of existing ones. The scheme aims to strengthen India’s museum infrastructure, promote digitisation of collections, and preserve tangible cultural heritage.
About the Museum Grant Scheme
Key Components
UPSC Prelims Focus
Source/Reference:
Bhargavastra: Indigenous Counter-Drone System for Neutralising Swarm Drone Threats
Science & Technology / Defence
Why in News?
The Indian Army recently witnessed the successful demonstration of Bhargavastra, an indigenously developed counter-drone system designed to detect and neutralise swarm drone attacks. The system strengthens India’s air defence capabilities against the growing threat posed by low-cost unmanned aerial systems (UAS).
About Bhargavastra
Key Features
UPSC Prelims Focus
Source/Reference:
PRAXIS Mission: NASA's AI-Powered Concept to Explore Saturn's Rings
Science & Technology
Why in News?
NASA has selected PRAXIS (Planetary Rings Autonomous EXploration with In-situ Sampling) as a Phase-I concept under the NASA Innovative Advanced Concepts (NIAC) 2026 programme. The mission proposes the first-ever in-situ sampling of Saturn’s rings, using artificial intelligence to autonomously navigate the hazardous ring environment.
About PRAXIS Mission
Key Features
UPSC Prelims Focus
Source/Reference:
The Rupee is No Longer Overvalued: Implications for India
GS III – Economy
Exchange Rate, Currency Valuation, and Export Competitiveness
Introduction
The rupee has shifted from overvalued to undervalued, with the REER falling from 108.03 (Nov 2024) to 89.08 (May 2026). Its undervaluation is now greater than the yuan’s, potentially enhancing India’s export and manufacturing competitiveness. However, the extent of these gains will depend on global economic and geopolitical conditions.
Understanding Currency Valuation: NEER and REER
Nominal Effective Exchange Rate (NEER)
Real Effective Exchange Rate (REER)
Why REER Matters
The Rupee’s Journey: From Overvalued to Undervalued
Key Exchange Rate Movements
Comparison with Chinese Yuan
RBI Governor’s View
Implications for India’s Economy
Potential Benefits
Risks and Challenges
Comparative Advantage
4.2 Challenges
Policy Recommendations
Conclusion
The rupee’s shift from overvalued to undervalued has improved India’s export competitiveness. However, its benefits depend on global demand, supply chains, and geopolitical stability, while also posing risks of imported inflation and higher import costs. Sustained gains require supportive policies and a balanced approach to exchange-rate management.
Practice Question
The Gap Between Promise and Delivery: A Generational Crisis
GS II – Governance / GS I – Society
Public Administration, Institutional Weaknesses, and Youth Aspirations
Introduction
The emergence of the Cockroach Janata Party (CJP) protests, sparked by exam leaks and educational grievances, reflects a deep and growing disconnect between India’s youth and the state. With over 1.25 exam leaks per month in the last 12 years, and 20 million people reacting to a random Instagram message, the scale of discontent is undeniable. Massive educational expansion has been accompanied by skyrocketing costs, deteriorating standards, and a mismatch between aspirations and job availability. While previous generations experienced steady progress, today’s youth face a cumulative burden of institutional weaknesses, over-promising, and under-delivery. This is neither a BJP nor Congress problem—it is a systemic governance crisis requiring an “MMS moment” of out-of-the-box thinking and creative change.
The Scale of the Challenge
Exam Leaks: A Symptom of Dysfunction
Education and Employment Mismatch
Other Lingering Youth Anxieties
The Gap Between Promise and Performance
Unfulfilled Promises
Institutional Weaknesses
The CJP Phenomenon
Way Forward
Restoring Trust in Education
Strengthening Governance and Delivery
Addressing Youth Aspirations
Political and Administrative Reform
Conclusion
The gap between promise and delivery in India has become a crisis of trust, particularly for the youth. With 1.25 exam leaks per month, deteriorating educational standards, and unfulfilled promises across sectors, the cumulative burden of institutional weaknesses is taking a toll. The CJP protests are not a party-political issue but a symptom of systemic governance failure. While India has progressed—GDP growth, social safety nets, democratic resilience—the pace and quality of delivery have not matched the rising aspirations of a generation that has been promised much but received little. India needs an “MMS moment”—out-of-the-box thinking, creative change, and a renewed commitment to listening, delivering, and restoring trust. Nothing less will bridge the gap between promise and performance.
Practice Question