About the exercise Malabar began as a bilateral naval exercise between India and the U.S. in 1992, and was expanded into a trilateral format with the inclusion of Japan in 2015. Australia has been requesting for observer status in the …
What are they? Economic integration takes the form of the Preferential Trade Area, Free Trade Area, Customs Union, Common Market and Economic Union. A preferential trade area (PTA) is a trading bloc that gives preferential access to certain products from …
About European Union The European Union (EU) is a unique economic and political union between 27 EU countries. The United Kingdom, which had been a founding member of the EU, left the organization in 2020. The EU was created by …
What’s in the news? “Retrofit of Air-conditioning to improve Indoor Air Quality for Safety and Efficiency” (RAISE) national programme has been launched to potentially alleviate the issue of bad air quality in workspaces across the nation and pioneer ways to …
About Hope mission of the United Arab Emirates (UAE), is the Arab region’s first attempt to go interplanetary. The spacecraft will spend seven months trekking through deep space before slipping into orbit around Mars. From that point, Hope will spend …
About Rafale The Rafale is a twin-jet fighter aircraft able to operate from both an aircraft carrier and a shore base. Equipped with a wide range of weapons, the Rafale is designed to carry out air dominance, aerial reconnaissance, ground …
About Fast Track Procurement The fast track procedure (FTP) for buying weapon systems was introduced three years after the Kargil war in 2001 and it has been revised under Defence Procurement Procedure 2016. Fast Track Procedure is envisaged for meeting …
About NFRA National Financial Reporting Authority (NFRA) was constituted in 2018 under the Companies Act, 2013. NFRA is an independent regulator overseeing the auditing profession and is a part of the Ministry of Corporate Affairs (MCA). It has taken over …
About National Disaster Response Fund (NDRF): National Disaster Response Fund is defined in Section 46 of the Disaster Management Act, 2005 (DM Act) as a fund managed by the Central Government for meeting the expenses for emergency response, relief and …