Good Morning, Future Officers!
Today’s Positive Manifestation

“I am a champion.
I'll complete every target I set for today with focus and discipline.”

“मैं एक चैंपियन हूँ।
मैं आज के सभी तय किए गए लक्ष्य पूरे ध्यान और अनुशासन के साथ पूरा करता हूँ।”

Repeat it 5 times.
Champions finish what they start.

Dear Future Officers,

Camera Check ✅
Content Check ✅
Devanshu Sir Ready ✅

Now it’s your turn.

Join today’s 8 AM live class for current affairs and start your preparation with full focus.

See you sharp at 8 AM.

Link to Join - https://www.youtube.com/watch?v=Us7121XQ4jQ

Team Chapterss

It’s okay if you skip this article, but you cannot skip the meaning of SIF and how it is different from normal mutual funds.

Let’s understand it simply.👇

What is AUM?
AUM means Assets Under Management. In simple words, it means the total money being managed by a fund. For example, if investors have put ₹10,000 crore into SIFs, then we say that SIFs have crossed ₹10,000 crore AUM. So, AUM tells us how much money investors have trusted a fund with.

What is SIF?
SIF means Specialised Investment Fund. It is a SEBI-regulated investment product within the mutual fund framework. However, it is not meant for every small investor. It is mainly designed for investors who have more money, higher risk-taking capacity, and want advanced investment strategies.

SIF vs Mutual Fund
Normal mutual funds are made for common retail investors. A person can start investing in mutual funds through small SIPs of ₹100 or ₹500. But SIFs require a minimum investment of ₹10 lakh. This means SIFs are meant for bigger and more serious investors. Also, normal mutual funds mostly make money when the market goes up, while SIFs can use advanced strategies, including derivatives, to manage risk in different market conditions.

Why were SIFs introduced?
SIFs were introduced because there was a gap in the investment market. Small investors had mutual funds, while very rich investors had PMS and AIF products, where the minimum investment is much higher. PMS means Portfolio Management Services and AIF means Alternative Investment Fund. SIFs were introduced to fill the gap between normal mutual funds and these high-ticket products.

Why are SIFs growing?
SIFs are growing because Indian investors are becoming more mature. Many investors now want products that can handle market ups and downs better. Since SIFs come under SEBI’s mutual fund framework, they also offer regulation, transparency, and regular NAV disclosure.

In simple words, SIFs are a middle path between normal mutual funds and high-ticket PMS/AIF products. They are for investors who can invest at least ₹10 lakh and want advanced investment strategies under a regulated structure.

Understood?

Those who wish to join:

• Editorial Course | ₹350 | Link: Click Here
• Complete CA Package including editorial | ₹100/month, billed annually | Link: Click Here

Thank you!

Dear Future Officers,

Current Affairs is not just about reading, it is about practising MCQs again and again so that you can perform in the actual exam with speed, accuracy and confidence.

That is why we are launching our Current Affairs Test Series at just ₹350.
In this test series, you will get:

✅ 200+ MCQs from January Current Affairs
✅ 250+ MCQs from February Current Affairs
✅ 300+ MCQs from March Current Affairs
✅ 400+ MCQs from April Current Affairs
✅ 400+ MCQs from May Current Affairs
✅ 400+ MCQs from June Current Affairs
✅ 180+ MCQs on Budget & Economic Survey
✅ 200+ MCQs on Important RBI Reports

This means you are getting a complete MCQ-based practice system for Current Affairs at a very affordable price.

Note: Monthly MCQs include questions from reports, schemes, RBI notifications, PIB news, ESI + Finance in news, and Phase 1-oriented current affairs.

Course Fee: ₹350 only

Link - https://www.chapterss.in/l/nKAE1ds

Start practising.
Strengthen your Current Affairs.
Improve your score

Team Chapterss

Dear Future Officers,

Today’s Editorial Package is highly exam-relevant.

We are covering:

1. PM Modi’s 7 Appeals to Citizens
How responsible habits like saving fuel, avoiding unnecessary foreign travel, promoting Swadeshi, reducing chemical fertiliser use and mindful consumption can support India’s economic resilience amid global uncertainty.

2. India companies & Future-Ready Growth
Shaktikanta Das’ 7 mantras for Indian industry, reforms, supply-chain resilience, R&D and future-ready businesses.

3. Chemical Fertilisers & Pricing Hurdles
Why India wants to reduce fertiliser overuse, how urea subsidy distorts usage, and why balanced fertilisation matters.

4. India’s Prosperity & Inclusive Growth
RBI Deputy Governor Poonam Gupta’s views on India’s growth journey, macroeconomic stability, state-wise inequality and future reforms.

These are not just articles, these are directly linked with ESI, Finance, Agriculture, rural Growth, Inflation, Reforms and Development issues.

One good editorial discussion can improve your content for descriptive answers and interview.

Those who wish to join:

• Editorial Course | ₹350 |6 months Link: Click Here
• Complete CA Package including editorial| ₹100/month, billed annually | Link: Click Here

Team Chapterss

Read this news!

Question for you: RBI will conduct a 3-day Variable Rate Repo (VRR) auction of ₹50,000 crore.

Now tell me: Does VRR increase liquidity or decrease liquidity in the banking system?

A. Increases liquidity
B. Decreases liquidity

Think before answering.

Explanation 👇

Dear Future Officers, we have already covered the entire Monetary Policy Corridor and RBI’s liquidity management framework in multiple editorial discussions. Now, today’s news on RBI’s 3-day Variable Rate Repo auction of ₹50,000 crore is a direct application of that concept.

First Question: Does VRR Increase or Decrease Liquidity?
A Variable Rate Repo auction increases liquidity in the banking system. In a Repo/VRR operation, RBI gives short-term funds to banks against eligible securities. So, money flows from RBI to banks, which means liquidity in the banking system increases.

Role of WACR
The Weighted Average Call Rate (WACR) is the operating target of monetary policy. RBI wants WACR to remain closely aligned with the repo rate. If WACR moves too much above or below the repo rate, it shows that liquidity conditions are not properly balanced.

Why RBI Is Injecting ₹50,000 Crore?
Even though the banking system had surplus liquidity of ₹2.2 trillion, the WACR moved above the repo rate. This shows that liquidity was not flowing smoothly across the system, or that short-term liquidity conditions had become tight for some banks. Therefore, RBI decided to inject ₹50,000 crore through a 3-day VRR auction to bring WACR closer to the repo rate.

April vs Now
In April, the banking system had surplus liquidity, so RBI absorbed money from the system. But now, because WACR is moving above the repo rate, RBI is pushing money into the system through VRR.

You can read the April episode over here - https://t.me/thechapterss/225

This is how you have to connect the dots!
Think like an Officer!

Team Chapterss

Dear Students,

Today’s class will start at 4:30 PM

Today, Devanshu Sir will cover the 1st week of March Current Affairs.

We have successfully completed the April coverage, and now it is time to go deeper into the month of March. Please be ready and join the session on time.

Link of session - https://youtube.com/live/lkwTHR1iLwM?feature=share

Team Chapterss

Dear NABARD Future Officers,

Chapter 1: Introduction to Agriculture is completed from our end.

But is it actually completed from your end?

✅ Have you practised the descriptive questions/quizzes on the portal?
✅ Have you solved 1-marker and 2-marker MCQs?
✅ Have you revised the chapter properly?
✅ Have you solved all the PYQs?

If not, this is the right time.

Our ARD Full Course for NABARD Grade A 2026 is now available. Complete Chapter 1 before the next chapter starts on Thursday.

What you get in the ARD Full Course:

✅ Chapter-wise videos + notes
✅ Chapter-wise revision videos + revision notes
✅ Chapter-wise objective quizzes
✅ Chapter-wise descriptive quizzes
✅ Chapter-wise descriptive sample material
✅ Chapter-wise sorted PYQs

Link of the course - https://www.chapterss.in/l/rm6bF8W

Don’t wait for the notification. Start now.

It’s now or never.

Team Chapterss

Dear Future Officers,

Before we move to Chapter 2 of Management on Saturday, pause for a moment.

Chapter 1 is not complete just because the classes are complete.

You should be able to say:

✅ I have revised the full chapter
✅ I have solved 100+ MCQs
✅ I have attempted the descriptive test
✅ I have practised all PYQs
✅ I can confidently recall the key concepts

So don’t carry backlog into the next chapter. Finish Chapter 1 properly before Saturday.

Those who wise to Join

Management Full Course | Link - https://www.chapterss.in/l/fjh0LmS

Study with Jalaj sir, management won't be boring anymore!

Team Chapterss

Dear Future Officers,

The Daily Current Affairs Quiz for 5th May 2026 has been uploaded on the portal. Now it’s your turn, go ahead and attempt the quiz, analyze your performance, and strengthen your retention.

Do share your scores!!

Stay consistent. Every quiz takes you one step closer.

-- Team Chapterss

For those who wish to join:

• Individual May CA Chapter (₹51) – Start small, stay consistent
Link: Click Here

• Individual April CA Chapter (₹51) – Start small, stay consistent
Link: Click Here

• Complete CA Package (₹100/month, billed annually) – Complete coverage + Editorials. Link: Click Here

Message of Mentor
Topic: 30 Days

Dear RBI Future Officers,

This message was supposed to be posted at 12:00 a.m., because from now, only 30 days are left for RBI Grade B 2026 Phase 1.

But before you read further, understand one thing clearly, the objective of this message is not to scare you. The objective is only to make you aware, alert and honest with yourself.

At this stage, ask yourself a few simple questions:

Is everything going fine?
Is your preparation properly structured?
Are you following a clear plan?
Are you revising enough?
Are you practising enough MCQs?
Are you actually moving towards selection, or just staying busy?

If the answer to all these questions is yes, then keep going. Trust your process, stay disciplined and continue with the same intensity.

But if your honest answer is no, then this is the time to take the right decision.

You still have time.
You can still bring structure.
You can still improve your accuracy.
You can still revise properly.
You can still increase your speed.
You can still do the magic that is needed to clear Phase 1 this year.

These 30 days can change everything, but only if you stop delaying the decisions that your preparation needs.

So tonight, don’t panic. Just reflect.
And from tomorrow, move with clarity, discipline and full seriousness.

Good night,
Team Chapterss

🌅 Good Morning, Future Officers!
Today’s Positive Manifestation

“Today, I choose progress over pressure. One step, one task, one win at a time.”

“आज मैं दबाव नहीं, प्रगति चुनता हूँ।
एक कदम, एक कार्य, एक जीत… बस इतना ही काफ़ी है।”

Repeat it 5 times…
Let your steady pace carry you through the day. ✨

Dear Future Officers,

Camera Check ✅
Content Check ✅
Devanshu Sir Ready ✅

Now it’s your turn.

Join today’s 8 AM live class for current affairs and start your preparation with full focus.

See you sharp at 8 AM.

Link to Join - https://youtube.com/live/pUQ04ZESV_I?feature=share

Team Chapterss

Dear Future Officers,

In the last two months, I have read and covered several editorials and speeches by senior RBI officials, but this one genuinely stands apart.

In this speech, RBI Deputy Governor Poonam Gupta explains some extremely relevant topics for your preparation:

1. India’s growth trajectory and decadal acceleration
2. The concept of a virtuous cycle of growth and stability
3. The per capita income story: strong GDP growth with slower population growth
4. The “Triad of Stability”
5. State-level dynamics: convergence, divergence.

Many concept that even we found new and extremely valuable as a teacher.

My sincere request: please read this one carefully. It will add real depth to your preparation.

Team Chapterss

Those who wish to join:

• Editorial Course | ₹350 |6 months Link: Click Here
• Complete CA Package including editorial| ₹100/month, billed annually | Link: Click Here

Wow, this is genuinely historic.

₹1,980,000,000,000 😲😳
₹1.98 trillion

This is the total net profit booked by all Public Sector Banks in FY26.

Public Sector Banks have now reported profit for the 4th straight year, which clearly shows that the PSB turnaround story is becoming stronger and more structural.

Important Numbers to Remember:

1. PSB net profit growth in FY26: 11.2%
2. SBI net profit in FY26: SBI recorded its highest-ever annual net profit of ₹80,032 crore.
3. Deposit growth in FY26: 10.6% YoY
4. Advances growth in FY26: 15.7% YoY
5. Gross NPA ratio as of March 2026: 1.93%
6. Net NPA ratio as of March 2026: 0.39%
7. Recoveries from written-off accounts: ₹86,971 crore

Notice where the credit is flowing! The Ministry explicitly highlighted the RAM segment (Retail, Agriculture, and MSME). RAM advances grew by 18.1%, 15.5%, and 18.2% respectively, driving broad-based economic growth and financial inclusion

Future of PSBs looks bright!
Like Team Chapterss 🧿

Thank you!

Team Chapterss

Dear Future Officers,

If you are preparing for RBI Grade B Phase 1, Current Affairs MCQ practice is a must. That is why we have launched the Current Affairs Test Series.

You will get:
✅ 2500+ Current Affairs MCQs
✅ MCQs starting from January onwards
✅ Properly segregated month-wise tests
✅ Questions from multiple CA domains (Schemes, Reports, PIB News, RBI Notifications, ESI and finance in news)
✅ Different varieties of MCQs for better exam practice
✅ Useful for improving accuracy, recall and speed in Phase 1

The best part?

You are getting all of this for just ₹350.

If you want to increase your score in Current Affairs, don’t just read, practice MCQs regularly.

Link - https://www.chapterss.in/l/nKAE1ds

Team Chapterss

Points to note

1. The Centre has formally notified the implementation of the Viksit Bharat Guarantee for Employment and Livelihood Mission (Rural) Act, called VB-G RAM G Act.

2. The new Act will come into force in all States and Union Territories from July 1, 2026.

3. Existing e-KYC verified MGNREGA job cards will remain valid until new Gramin Rozgar Guarantee Cards are issued.

4. Workers without job cards can continue to register at the Gram Panchayat level and Workers will not be denied employment due to pending e-KYC.

5. Under the new Act, every rural household whose adult members volunteer to do unskilled manual work will be entitled to 125 days of guaranteed wage employment in a financial year. This is an increase from the existing 100-day employment guarantee under MGNREGA.

6. If employment is not provided within the prescribed time, workers will remain eligible for unemployment allowance, as per the provisions of the Act

7. The Centre has allocated ₹95,692.31 crore for the financial year 2026-27. The Ministry noted this is the highest-ever Budget Estimate (BE) allocation for a rural employment program.

8. When combining the Centre's allocation with the likely contributions from the States, the total program outlay is expected to cross a massive ₹1.51 trillion.

9. Payments will be made weekly or within 15 days from the closure of the muster roll (attendance register), failing which workers will be entitled to delay compensation.

Dear Students,

Small but important update in the NABARD ARD Course.

Earlier, the descriptive quiz had 1 question evaluated by our team. Now, we have added 2 descriptive questions in every chapter test, and both will be evaluated by our team.

The objective is simple: write more, practise more, get evaluated, and improve your descriptive score test by test.

Also, our fresh chapter, Chapter 2: Farming System and Cropping System, will begin from tomorrow.

Please revise Chapter 1 once, because a strong understanding of Chapter 1 will help you understand Chapter 2 much better.

Team Chapterss

For those who wish to join

ARD Notes, revision videos, revision notes, PYQs, objective and descriptive test 👇

📌 Buy ARD Chapter 1 – Introduction to Agriculture
Price: ₹51
Link: https://www.chapterss.in/l/JWHb6jK

📌 Buy Full ARD Course
Price: ₹600
Link: https://www.chapterss.in/l/rm6bF8W