Finance Minister Unveils IIT-Madras Unicorn Venture Fund to Foster Seed-Stage Startups

1. Regarding the 'Make in India' initiative, consider the following statements: 1. It completed 12 years of implementation on 25 September 2026. 2. Under 'Make in India 2.0', the programme covers 27 sectors, consisting of 15 manufacturing sectors and 12 service sectors. 3. It is administratively steered by the Department of Financial Services under the Ministry of Finance. Which of the statements given above is/are correct?

Explanation: Statements 1 and 2 are correct. Statement 3 is incorrect because the Make in India initiative is administered by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry, not the Department of Financial Services.

2. The newly notified Bankers' Books Evidence Act, 2026, which introduces the 'special cause' condition for summoning bank records, replaces which colonial-era legislation?

Explanation: The Bankers’ Books Evidence Act, 2026 modernises the procedural framework for legal evidence sourced from banks and officially supersedes the Bankers’ Books Evidence Act, 1891.

3. What is the primary ticket-size investment bracket designated for early-stage startups under the SEBI-approved IIT-Madras Unicorn Venture Fund launched in Bengaluru?

Explanation: The newly launched IIT-Madras Unicorn Venture Fund, rolled out in partnership with Unicorn India Ventures, will disburse growth equity ticket sizes of Rs 5 crore to Rs 20 crore to qualifying early-stage startups.

4. Which trade facilitation body orchestrated the maiden export shipment of GI-tagged Gulbarga Tur Dal from Karnataka to the Maldives?

Explanation: The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the inaugural commercial delivery of 1 metric tonne of GI-tagged Gulbarga Tur Dal to the Maldives.

5. India's first dedicated 'Victims Rights Centre', aimed at providing comprehensive legal and case management assistance to crime victims, was inaugurated in which city?

Explanation: Chief Justice of India Justice Surya Kant inaugurated the nation's first Victims Rights Centre within the premises of the Bihar State Legal Services Authority in Patna.