National Financial Regulatory Authority: NFRA was constituted in 2018 by the Government of India under section 132 (1) of the Companies Act, 2013. It is an audit regulator.
Composition: It consists of a chairperson, who shall be a person of eminence and having expertise in accountancy, auditing, finance or law, appointed by the Central Government and such other members not exceeding 15.
Functions and Duties: Recommends accounting and auditing policies and standards.
- Monitor and enforce compliance
- Oversee the quality of service of the professions
Its account is monitored by the Comptroller and Auditor-General of India. It is headquartered in New Delhi.
Exercise Varuna 2023: The 21st Edition of the Bilateral Naval Exercise between India and France – Exercise Varuna commenced on the Western Seaboard today, 16 Jan 23. While the bilateral exercise between the two navies were initiated in 1993, it was christened as ‘VARUNA’ in 2001 and has become a hallmark of India – France strategic bilateral relationship.
The Units of both navies will endeavour to hone their war-fighting skills in maritime theatre, enhance their inter-operability to undertake multi-discipline operations in the maritime domain and demonstrate their ability as an integrated force to promote peace, security and stability in the region.
Solitary Waves: First evidence of Solitary Waves has been Identified by Indian Institute of Geomagnetism, under DST with the help of MAVEN spacecraft (NASA) near Mars.
Solitary waves are the distinct electric field fluctuations (bipolar or monopolar) that follow constant amplitude-phase relations.
Their shape and size are less affected during their propagation. The magnitude and duration of these pulses are found to be 1-25 milivolt/meter and 0.2–1.7 milliseconds, respectively. These pulses are dominantly seen in the dawn and afternoon-dusk sectors at an altitude of 1000–3500 km around the Mars.
These waves are responsible for the plasma energization and transport into Earth’s magnetosphere.
VSHORAD (Very Short Range Air Defence System) Missile System: VSHORAD Missile System is developed by DRDO for the Army and Navy.
It is meant to kill low-altitude aerial threats at short ranges. It is a man-portable Air Defence System (MANPAD).
VSHORADS missile incorporates many novel technologies including a miniaturized Reaction Control System (RCS) and integrated avionics.
The missile, meant for neutralizing low-altitude aerial threats at short ranges is propelled by a dual-thrust solid motor.
The design of the missile including the launcher has been highly optimized to ensure easy portability.
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