14 Feb 2026 | Daily Current Affairs

Lead Bank Scheme: RBI Draft Circular on District Credit Planning for UPSC GS3

Context
RBI has released a draft circular to update the Lead Bank Scheme (LBS) to improve coordination, clarify roles, and strengthen district-level credit planning.

Lead Bank Scheme (LBS)
• Introduced: 1969
• Objective: Ensure coordinated banking penetration & credit flow in districts; one bank designated as “Lead Bank” for each district
• Key role: Prepare district credit plans, monitor financial inclusion, coordinate with govt agencies

Committee origin
• Based on Gadgil Study Group (1969) recommendations
• Further strengthened after Nariman Committee (1975) inputs

Service Area Approach (SAA)
• Launched: 1989
• Purpose: Allocate specific villages/wards to each rural/semi-urban bank branch for focused lending & monitoring
• Feature: Branch becomes responsible for credit needs of its assigned “service area”; reduces duplication and improves targeting

PYQ – 2012, Ans – C
PYQ – 2019, Ans – B

PM RAHAAT Scheme: Features, Objectives and Governance Reforms for UPSC GS2

Context
The Prime Minister inaugurated the new PMO Seva Teerth and Central Secretariat buildings Kartavya Bhavan 1 & 2, calling them milestones in citizen-centric governance. The structures replace old colonial-era offices that were cramped and symbolic of the British Empire.

Schemes in News

  1. PM RAHAAT Scheme (Accident Victim Support)
    • Provides cashless treatment up to ₹1.5 lakh for road-accident victims
    • Aim: Rapid emergency care, reduce preventable deaths
    • Funded through central support + nodal ministry (MoRTH)
  2. Lakhpati Didi Scheme
    • Target doubled to 6 crore women beneficiaries
    • Promotes women’s economic empowerment through self-help groups (SHGs) enabling them to earn ₹1 lakh/year
  3. Agriculture Infrastructure Fund (AIF)
    • Boosted allocation: subsidy support doubled to ₹2 lakh crore
    • Purpose: Provide low-interest loans for agri-infrastructure such as storage, processing, supply-chain facilities.
    • Nodal Ministry: Ministry of Agriculture & Farmers’ Welfare
PYQ – 2023, Ans – C

Rajya Sabha Elections: Article 80, STV System and Quota Formula for UPSC GS2

Context
Odisha’s Assembly numbers create a scenario where BJP, despite not having enough MLAs on its own, is confident of winning 3 of 4 Rajya Sabha seats, mainly due to support from Independents and the strength distribution of parties.

Rajya Sabha Elections

Relevant Constitution provision
• Article 80 → composition of Rajya Sabha
• Article 84 → qualifications for membership

Members are elected by State Legislative Assemblies through:
• Indirect election
Proportional Representation (PR)
• Single Transferable Vote (STV)
• MLAs vote, not the public

Winning formula (quota):
Required votes = Total MLAs / (Vacancies + 1) + 1

PYQ – 2012, Ans – D
PYQ – 2020, Ans – B

July Charter: Key Democratic Reforms Approved in Bangladesh Referendum for UPSC GS2

JULY CHARTER

What is it?
A post-uprising reform blueprint proposed under Muhammad Yunus’s transition agenda; approved via referendum with 60.2% voter support.

Core Reforms
• PM term limits
• Creation of Upper House of Parliament
• Stronger Presidential powers
• Greater Judicial independence
• More women’s representation in Parliament
• Deputy Speaker elected from Opposition
• Opposition to head Parliamentary Committees

Purpose:
Prevent return to authoritarianism; strengthen democratic checks & separation of powers.

U.S. Aircraft Carrier Deployment to West Asia: Strategic Significance for UPSC GS2

Context
The U.S. is deploying a second aircraft carrier to West Asia to increase military pressure on Iran amid stalled nuclear talks and rising regional tensions. This move places two U.S. carrier strike groups in the region simultaneously.

Aircraft Carriers

  1. USS Gerald R. Ford
    • World’s largest aircraft carrier (first of the Ford-class)
    • Nuclear-powered, advanced electromagnetic catapult system (EMALS)
  2. USS Abraham Lincoln
    • Nimitz-class aircraft carrier (older generation)
    • Already deployed in the Arabian Sea with guided-missile destroyers
    • Forms part of the existing U.S. presence in the region

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