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Territorial Army

Territorial Army: The Ministry of Defence has empowered the Army Chief under Rule 33 of the Territorial Army Act, 1948, to fully mobilise the Territorial Army (TA) amid heightened tensions with Pakistan. Territorial Army Act, 1948; formally launched on October 9, 1949. Controlling Ministry: Ministry of Defence, Government of India. Governed by Territorial Army Act, […]

Extended Fund Facility (EFF)

Extended Fund Facility (EFF): The IMF Executive Board approved an immediate disbursement of $1 billion to Pakistan under the Extended Fund Facility (EFF).EFF is an IMF lending mechanism designed to help countries facing prolonged balance of payments problems due to deep structural economic weaknesses.Governed by: International Monetary Fund (IMF), part of Bretton Woods institutions. Loan […]

Score 120+ in Prelims