Defence, National Security and Terrorism
27th edition of Malabar naval exercise
- The 27th edition of the multilateral naval exercise Malabar 2023 was concluded in Sydney, Australia.
The exercise saw the participation of Ships, Submarines, and aircraft from
- Indian Navy
- Royal Australian Navy
- Japan Maritime Self-Defence Force
- US Navy
- Indian Navy was represented by indigenously built
- Destroyer INS Kolkata
- Frigate INS Sahyadri
- P8I Maritime Patrol Aircraft
Note
- The MALABAR naval exercise commenced in 1992 as a bilateral exercise between Indian Navy and US Navy.
- Later it included four prominent navies in the Indo-Pacific Region.
Appointments – Who is who?
Panel to curb stress in realty sector
- An expert committee headed by former NITI Aayog CEO Amitabh Kant committee was set up in March 2023 to tackle the problem of incomplete real estate projects based on the recommendation made by the Central Advisory Council under the Real Estate (Regulation and Development) Act, 2016.
Key Findings of the Panel
- Identifying financial viability as the primary reason for stress in real estate projects.
- Judicial interventions such as Insolvency and Bankruptcy Code (IBC) (formed in 2016) should be used as a last resort.
