Ministry of Textiles to Organize 'GI & Beyond 2.0 Summit' in New Delhi

The Ministry of Textiles, in coordination with the Handloom Export Promotion Council (HEPC) and the Development Commissioner (Handlooms), is hosting the 'GI & Beyond 2.0 Summit' in New Delhi.
Minister of State for Textiles Pabitra Margherita is slated to inaugurate the summit, which highlights India's handloom and handicraft heritage.
The event aims to promote products backed by Geographical Indications (GI) to boost international exports and safeguard authentic traditional craftsmanship.
Exam Perspective: GI tagging grants commercial protection under Intellectual Property Rights, elevating rural artisan incomes and market footprint.

Key Facts / Static GK

Geographical Indications Registry Location: Chennai, Tamil Nadu
Governing Legislation: Geographical Indications of Goods (Registration and Protection) Act, 1999 (enforced 15 September 2003)
India's First GI Tagged Product: Darjeeling Tea (2004)

Q Practice Quiz — 3 August 2026

1. Who has assumed charge as the Deputy Chief of the Air Staff (DCAS) of the Indian Air Force, replacing Air Marshal Awadhesh Kumar Bharti?

A Air Marshal Tejpal Singh

B Air Marshal Dhiraj Seth

C Air Marshal V.N. Sharma

D Air Marshal Asit Saha

E Air Marshal Punit Goenka

Explanation: Air Marshal Tejpal Singh assumed charge as the Deputy Chief of the Air Staff (DCAS) of the Indian Air Force, succeeding Air Marshal Awadhesh Kumar Bharti.

2. Who became the first woman to be appointed as the Director General of the Geological Survey of India (GSI) in its 176-year history?

A Tanvi Sharma

B Markéta Irglová

C Varsha Ashok Aglawe

D Pabitra Margherita

E Sushila Devi

Explanation: Varsha Ashok Aglawe assumed charge as the 54th Director General of the Geological Survey of India, becoming the first woman to head the organisation in its 176-year history.

3. Which of the following statements regarding Geographical Indication (GI) tags in India is correct?

A A GI registration is valid for 5 years and cannot be renewed.

B The Geographical Indications Registry is located in Bengaluru, Karnataka.

C India's first registered GI product was Assam Tea in 2001.

D The GI Act came into force on 15 September 2003.

E GI tags are governed under the Patents Act of 1970.

Explanation: In India, GI is governed by the Geographical Indications of Goods (Registration and Protection) Act, 1999, which officially came into force on 15 September 2003. The registry is in Chennai, initial validity is 10 years, and Darjeeling Tea was the first product in 2004.

4. What was the total volume of transactions processed by India's Unified Payments Interface (UPI) in July 2026?

A 15.20 billion

B 23.66 billion

C 18.50 billion

D 30.12 billion

E 25.00 billion

Explanation: India's Unified Payments Interface (UPI) processed a record 23.66 billion transactions (2,366 crore transactions) in July 2026 with a total value of ₹29.88 lakh crore.

5. Shivalik Small Finance Bank acquired Delhi-based ManiBhavnam Home Finance India Private Limited in a transaction valued at approximately how much?

A ₹109 crore

B ₹250 crore

C ₹500 crore

D ₹1,480 crore

E ₹3,385 crore

Explanation: Shivalik Small Finance Bank completed the merger and acquisition of Delhi-based ManiBhavnam Home Finance India Private Limited for approximately ₹109 crore.

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