SYLLABUS SECTION: GS III (SCIENCE AND TECHNOLOGY)
WHY IN THE NEWS?
Recently, Union Cabinet approves transfer of 10 in-orbit satellites to NSIL from the government of India to NewSpace India Ltd (NSIL).
- NSIL is the commercial arm of the Indian Space Research Organisation (ISRO) CABINET APPROVES TRANSFER OF 10 IN-ORBIT SATELLITES TO NSIL.
OTHER APPROVALS AND ITS SIGNIFICANCE:
- The Cabinet also approved increasing the authorized share capital of NSIL from ₹1,000 crore to ₹7,500 crores.
- It will provide the desired financial autonomy to the company to realize capital-intensive programs or projects
- It will help in offering huge employment potential and technology spin-off to other sectors of the economy.
- This approval will trigger domestic economic activity in the space sector and increase India’s share in the global space market.
NewSpace India Ltd (NSIL)
- New Space India was found in 2019 as a public sector undertaking.
- NSIL has launched 46 international customer satellites under commercial arrangements.
- It has also signed four dedicated launch service arrangements for international satellite customers for launches this year.
AREA OF WORKING:
- Commercially exploit the research and development work of the space agency.
- Co-produce Polar Satellite Launch Vehicle (PSLV)
- Launch satellites through Small Satellite Launch Vehicles (SSLVs)
- It is working on commercializing high throughput satellite (HTS) capacity on satellites including GSAT-11 (geosynchronous satellites), GSAT-19, and GSAT-29.
- NSIL is also working to provide mission support services to satellites and launch vehicle tracking.
- In the coordination with international ground station operators and satellite owners.
- Relaxation on export restrictions: The guidelines permit the export of maps with resolutions up to a 1:100 resolution thereby relaxing the previous threshold of 1:250000.
KEY SUPPLY SIDE MEASURES/REFORMS IN SPACE & GEOSPATIAL SECTOR
· Liberalizing the traditional Satellite Communication and Remote Sensing sectors for increased private sector participation.
· Guidelines for the creation, acquisition, and use of geospatial data, including maps: Geospatial data was previously heavily regulate and require licenses to be obtaining for the use of such data. Now the guidelines have been liberalizing:
Introduction of self-certification regime: All entities are now required to follow a self-certification process to show adherence to the guidelines, as opposed to obtaining prior approval or licenses for the use of geospatial data and maps.
Relaxation of restricted areas: Mapping activities are prohibited only for specific attributes of highly sensitive locations, as opposed to restricted areas under the previous regime.
Open access to publicly funded data: The guidelines require all geospatial data produced using public funds, including data produced by the Survey of India, to be freely accessible to all Indian entities
Read more: UPSC CURRENT AFFAIRS
Source: Indian Express