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The recently announced <keyword id="9460361" type="UNKNOWN" weightage="20" keywordseo="space-sector-reforms">space sector reforms</keyword> are not aimed at privatisation of Indian Space Research Organisation (<keyword id="6358064" type="UNKNOWN" weightage="20" keywordseo="isro">ISRO</keyword>), its Chairman and Secretary in the Department of Space, K Sivan asserted on Thursday. The space agency also stated that the draft on the proposed space activity bill is almost final and it will soon be placed before the Union Cabinet for approval. "When space sector reforms were announced by the government there were many misconceptions like it would lead to privatisation of ISRO. It is not. Again and again I'm repeating it is not the privatisation of ISRO," Sivan said. Addressing a webinar on "Unlocking of India's Potential <keyword id="7412163" type="UNKNOWN" weightage="20" keywordseo="in-space">in Space</keyword> Sector," he said the whole aim of reforms is enabling the private players to carry out the space activities which is otherwise being done by ISRO. "In fact, the activities of ISRO are going to increase and ISRO will be able to better utilise its resources in taking up developmental as well as capacity building activities of the government, rather than the routine production activity," he added. The Union Cabinet on June 24 approved participation of the private sector in the entire range of space activities, including planetary exploration missions. It had said, the newly-created Indian National Space Promotion and Authorisation Centre (IN-SPACe) will provide a level playing field for private companies to use Indian space infrastructure, by hand-holding industries in space activities through encouraging policies and a friendly regulatory environment. Also, the New Space India Limited (NSIL), a PSU under the Department of Space, will endeavour to re-orient space activities from a "supply driven" model to a "demand driven" model, thereby ensuring optimum utilisation of our space assets, it had said. Noting that the space sector reform introduced by the government is going to be a "real game changer", Sivan said private sector participation in the space sector has been increasing worldwide and it is a healthy trend, as it increases diversity. In India too space sector startups are taking developmental activities in both launch vehicles as well as in satellites, he said. However, there was no mechanism available in the country to extend technology and infrastructure support to them. Also there was no regulatory mechanism to control the private sector activities, so an institutional mechanism has been created as part of reform. The webinar was attended by Principal Scientific Advisor to government of India K Vijay Raghavan, Mahindra Group Chairman Anand Mahindra, Bharti Enterprises Chairman Sunil B Mittal among others. Further observing that with the opening of the space sector, ISRO can focus on technology development and capacity building Sivan said in addition to that it will also facilitate private sector participation in major national missions through announcement of opportunity. However, the private sector will have to do their own research and development activities, business viability studies, funding as well as finding customers for their services, he said. Pointing out that import of communication satellites is now in the embargo list under 'Aatma Nirbhar Bharat Abhiyan', the ISRO Chief said there will be a need for large number of communication satellites to be launched in the immediate future and this could be a huge opportunity for ISRO and also for the private sector. Launching a small satellite is another area where there is a huge projected demand and some startups are interacting with ISRO at an advanced stage and may launch very soon. According to ISRO officials, more than 500 industries are currently involved in activities such as production of components and more than 80 per cent of the launch vehicle and 60 per cent of the spacecraft budget is spent on industry. Scientific Secretary to ISRO, R Uma Maheshwaran said participation of the private sector in end-end space activities is definitely a strategy to expand the space economy. Noting that the private sector is much eager now, he said a lot of people are coming forward to make launch vehicles, and satellites and providing space based services. Uma Maheshwaran also said a mechanism is required regarding the indulgence of the private sector and for this, enactment of the space activity bill is a primary requisite. "It (bill) is almost in its final shape now, we have presented it to the Ministry (PMO) for inter-ministerial consultation and we feel that very soon it will be approved by the Cabinet and presented to the Parliament for making it an act. This is mandatory as India is signatory to the outer space treaty," he added. Vijay Raghavan, noting a lack of risk capital for industry to sufficiently invest in R&amp;D, said risk needs to be mitigated and for this the combination of talent and material resources, partnering with industry is needed. The opening of the space sector in India will have its impact globally, and also all sectors in India, he said adding that ".. this is an opportunity to increase volume and quality in extraordinary ways." Suggesting that space may well become the new "gold rush", Anand Mahindra said though India has an established and credible space programme, its share of the market is miniscule and he was sure that beginning now it will change with the entry of the private sector. "... it is our opportunity to level the playing field, by leveraging our competitive advantages and we have to seize it now," he said, while admitting that industry and private sector are often "uneasy bedfellows", but we have to make these reforms work as it is the best way forward". Sunil Mittal stressed on the need for the policy on participation of private sector in space programme to be "light-touch" but said it should be very strong on security, foreign policy aspects and some of the guidelines need to be very clear so that industry participants know how to operate within the policy framework. SEE ALSO: <a href="https://www.businessinsider.in/tech/apps/news/gmail-down-users-report-being-unable-to-send-emails-and-attach-files/articleshow/77648762.cms">Gmail down — users report being unable to send emails and attach files</a> <a href="https://www.businessinsider.in/science/space/news/kepler-supernova-exploded-400-years-ago-but-hasnt-slowed-down-and-two-pieces-of-debris-are-headed-towards-earth/articleshow/77646381.cms">Kepler supernova exploded 400 years ago but hasn’t slowed down — and two pieces of debris are headed towards Earth</a> <a href="https://www.businessinsider.in/india/news/supreme-court-rejects-prashant-bhushans-plea-to-delay-sentence-hearing-on-twitter-case/articleshow/77649463.cms">Prashant Bhushan rejects Supreme Court's offer to delay sentence but is given two to three days to reconsider statement</a>

ISRO Chairman K Sivan asserts that space sector reforms are not aimed at privatising the agency

Chennai, June 25 (IANS) The proposed Indian National Space Promotion and Authorisation Centre (IN-SPACe), part of space sector reforms aimed at bringing in private sector participation, will be a separate vertical under the Department of Space (DOS), said ISRO Chairman K.Sivan on Thursday. The Indian Space Research Organisation (ISRO) chief also said a new Navigation Policy is also being proposed. Suitable changes in Remote Sensing Data Policy as well as SATCOM policy are also on the anvil as a part of aligning them to an open and inclusive space sector. In an online address from Bengaluru, Sivan said the IN-SPACe as a separate vertical for permitting and regulating the activities of private industry in the space sector. He said IN-SPACe will have its own directorates for technical, legal, safety and security, monitoring as well as activities promotion for assessing the private sector's needs and further coordination of the activities. As to its structure Sivan said IN-SPACe will have a board and will have representatives from industry, academia and the government. On Wednesday the Union Cabinet under the Chairmanship of Prime Minister Narendra Modi gave its nod for the setting up of IN-SPACe to promote private sector participation in the space sector while making ISRO to focus on research and development (R&amp;D) of new technologies, exploration missions and human spaceflight programme. According to the government, IN-SPACe will also provide a level playing field for private companies to use Indian space infrastructure. The entry of the private sector in the space sector in a bigger way will create large job opportunities and prevent brain drain, the government said. Sivan said the major reform measure is to enable the private sector including academia to carry out end-to-end space activities viz, building of rockets and satellites, owning satellites, providing launch services and providing space based services on a commercial basis. Till now ISRO was the end-to-end player in the Indian space sector. With the government's decision to open up the space sector, the private sector can now play a larger role than being a component supplier, Sivan said. Sivan also said ISRO will also share its technological expertise with the private parties. According to Sivan, there was a need for a mechanism to allow the private sector taking into account the safety, security and also provide the ease of doing business. He said private sector players will apply to IN-SPACe and the latter will process the application and its decision is binding on ISRO. While it will take about 3-6 months for IN-SPACe to be in place, the private sector can send their applications to DOS. As regards NewSpace India Ltd (NSIL), a public sector unit under DOS, Sivan said its role is being re-defined to transform the approach of supply driven model to demand driven model for space based services. Sivan said NSIL will be strengthened and empowered to off-load operational activities of ISRO in the areas of launch vehicle and satellite production, launch services as well as space based services. The NSIL will execute these activities through industry consortiums. Sivan said this move will allow ISRO to allocate more time and resources for R&amp;D endeavours. The ISRO will continue to carry out its present activities with greater emphasis on development of advanced technology, missions and capacity building besides supporting private endeavours in space sector. --IANS vj/in

New navigation policy on anvil, IN-SPACe to be separate vertical: ISRO chief

<ul><li>The <keyword id="44011" type="CITY" weightage="20" keywordseo="power">power</keyword> sector roughly constitutes 20% of all the bad loans on the balance sheets of Indian banks. </li><li>While the resolution of stressed power assets is an urgent priority, the government is also preparing <keyword id="6447217" type="UNKNOWN" weightage="20" keywordseo="reforms">reforms</keyword> to ensure the long-term viability of the sector. </li><li>These include the implementation of a <keyword id="6357205" type="UNKNOWN" weightage="20" keywordseo="direct-benefit-transfer">direct benefit transfer</keyword> scheme for consumer subsidies and the separation of production and distribution operations of power companies. </li></ul>Much has been made of the growing pile of non-performing assets emanating from India’s power sector. A number of power companies such as Jindal India Thermal Power and Lanco Anpara are expected to be referred to insolvency courts following the expiry of a deadline for the resolution of ₹1.7 trillion worth of bad loans from the sector. This is roughly 20% of all the bad loans on the balance sheets of India’s banks. Recognising the problems that are unique to the power sector - like a liquidity crunch and a dearth of power-purchase agreements - and the need to ensure these coal-fuelled projects don’t undergo liquidation, the Indian government is planning to establish <a href="https://www.livemint.com/Industry/H2ttLugifLjwv91QYdnPFM/REC-to-seek-central-banks-nod-for-Pariwartan-ARC.html">an asset reconstruction company</a> (ARC) to resolve stressed power assets. Under its Pariwartan scheme, the state-owned Rural Electrification Corp will set up the ARC to clean up the sector in anticipation of a future revival in demand. Bigger reforms in the works However, the power sector’s problems go well beyond bad loans. While the resolution of bad loans is an urgent priority, the Indian government is also planning to implement a series of reforms to ensure the long-term viability of the sector and its participants. A number of amendments to the Electricity Act of 2003 are in the works. First, the government is looking to establish a direct benefit transfer (DBT) scheme for the targeted distribution of subsidies. The reason power producers and distribution companies are racking up so much debt is because state governments aren’t being able to allocate subsidies to consumers efficiently. A DBT will see the subsidy amount deposited in the bank account of a consumer. Second, the government is also looking to mandate the separation of production and supply operations of power companies, which means that power producers will not supply the electricity they generate. This reduces the complexity of operations and also gives consumers greater choice. Third, it also plans to exempt <keyword id="34553" type="ORGANIZATION" weightage="20" keywordseo="renewable-energy">renewable energy</keyword> producers from licensing requirements in order to encourage thermal power generators to diversify their operations. Finally, payments security protocols are being devised for agreements between producers and distributors to prevent non-payment of dues. The reforms will be a much-needed step. In order to prevent any future pile-up in bad loans, the government needs to improve the supporting <keyword id="17408" type="DOMAIN" weightage="20" keywordseo="infrastructure">infrastructure</keyword> and legislation for the power sector so that projects are capable of generating revenue.

Indian government is planning a package of reforms for the power sector

Chennai, <keyword id="116095" type="COMPANY" weightage="20" keywordseo="Indian-Space-Research-Organisation">Indian Space Research Organisation</keyword> Chairman K Sivan on Saturday said the space agency was developing '<keyword id="9090354" type="COMPANY" weightage="20" keywordseo="green-propulsion">green propulsion</keyword>' for its <keyword id="10498627" type="UNKNOWN" weightage="20" keywordseo="ambitious-human-space-flight-mission">ambitious human space flight mission</keyword>, 'Gaganyaan'. He also said it may be adopted for use in every stage of a rocket. He was speaking at the 16th convocation of SRM Institute of Science and Technology, near here. Sivan, also the Secretary, <keyword id="245720" type="COMPANY" weightage="20" keywordseo="Department-of-Space">Department of Space</keyword>, advised the new graduates to take up 'calculated risk' in their life as it may safeguard them from 'absolute failure'. "As India continues to focus on economic growth, it needs to ensure that environmental damage is limited by adopting green technologies. ISRO has made space grade lithium-ion batteries and this technology is useful for mass adoption of electric vehicle", he noted. On the green propellant, Sivan said, "Even in the rocket propulsion, ISRO is developing green propulsion for its human space flight mission. In future, all the propulsion stages may adopt green propulsion," he said. According to ISRO, <keyword id="622933" type="COMPANY" weightage="20" keywordseo="Polar-Satellite-Launch-Vehicle">polar satellite launch vehicle</keyword> (PSLV) a trusted workhorse of the space scientists -- is a four stage rocket filled with fuel which pushes the rocket to ensure that the satellite it carries is placed in the intended orbit. GSLV or a geo-stationery launch vehicle (GSLV) is a three stage rocket with a cryogenic upper stage. The Bengaluru-headquartered space agency had planned to launch its maiden human space flight mission 'Gaganyaan' by December 2021. But early this month, ISRO indicated that it is likely to be delayed by one year due to the impact of COVID-19 pandemic. Addressing students through virtual platform, the ISRO chief encouraged them to take up calculated risk as it would safeguard them from 'absolute failure.' "You may fail, but each failure would provide a valuable lesson. I can say with great confidence that India's space programme has been built on spectacular failures and each failure has resulted in improvements in our system", he said. Asking the students to innovate, Sivan said, innovation was not just having great idea on paper. "Innovation comes with a high risk of failure. You may be called crazy. Initial outcome of innovation may be imperfect. You must realize that you are not failing means you are not trying anything hard", he said. Referring to the space sector reforms announced by the Centre in June, he said, "the government has already announced space sector reforms for greater participation of non- governmental entities in space activity". "Our next PSLV (polar satellite launch vehicle) launch will have satellite from start-up agencies which will be the first product of this reform." he said. On the SRM Satellite 'SRMSAT' launched by ISRO in 2011, he said it was in 'healthy condition' and urged the university to come forward and make use of the space sector reform as announced by <keyword id="1576501" type="COMPANY" weightage="20" keywordseo="The-Government-of-India">the government of India</keyword>. "ISRO is very much open to you all. I request SRM to come forward with their innovative idea of making space activities as required by the Government of India. I am sure that SRM will do this work", he said. The Digital India initiative by the Centre was a key area to leverage and ISRO has already initiated reforms to make digital assets available easily to industry as well as for startups for making innovative applications in navigation, earth observation as well as disaster management, he said. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-mrs-bectors-ril-bharti-airtel-vodafone-idea-ilfs-interglobe-aviation-future-group-deepak-nitrite-jubilant-foodworks-and-others/articleshow/79933826.cms">Top stocks to watch – Mrs Bectors, RIL, Bharti Airtel, Vodafone Idea, IL&amp;FS, InterGlobe Aviation, Future Group, Deepak Nitrite, Jubilant FoodWorks, and others</a> <a href="https://www.businessinsider.in/stock-market/news/there-are-one-of-only-17-indian-companies-out-of-500-that-aced-the-du-pont-test/articleshow/79911627.cms">There are one of only 17 Indian companies out of 500 that aced the Du Pont test</a> <a href="https://www.businessinsider.in/business/corporates/news/wipro-buyback-offer-details-and-700-million-metro-ag-deal-drives-share-price/articleshow/79911875.cms">Wipro offers 10% more to buy back shares and signs a $700 million deal with Metro AG – everything that’s driving the IT services stock higher today</a>

ISRO developing green propulsion for human space mission 'Gaganyaan', says Chairman K Sivan

Chennai, June 25 (IANS) The proposed Indian National Space Promotion and Authorisation Centre (IN-SPACe) could be turned into the sectoral regulator once necessary legal structure are there, according to K. Sivan, Secretary of the Department of Space (DoS) and Chairman of the Indian Space Research Organisation (ISRO). On Wednesday the Union Cabinet, chaired by Prime Minister Narendra Modi, gave its nod for opening up the space sector and for setting up of IN-SPACe to promote private sector's participation. The IN-SPACe will also ensure a level-playing field for private firms to use Indian space infrastructure. It will hand hold, promote and guide the private industries in space activities through encouraging policies and a friendly regulatory environment. Speaking to IANS, Sivan said, "We are on the job of getting ready the Space Activities Bill. It will define the space activities, liabilities and other aspects." According to Sivan, a new navigation policy is also being proposed. Suitable changes in the remote sensing data policy as well as SATCOM policy are on the anvil to align them to an open and inclusive space sector. Pointing out the role envisaged for IN-SPACe and the demand for a sectoral regulator, when queried whether the proposed body could be converted into the space sector regulator, Sivan said, "IN-SPACe could be turned into a regulatory body when the necessary laws and regulations are in place." Speaking to IANS earlier, Narayan Prasad, Chief Operating Officer, satsearch said, "The best is to establish an independent regulator -- Space Regulatory Authority of India (SRAI) -- which will create a level-playing field for many of the emerging players." Establishing an independent regulator could allow a systematic review and reforms on a continuous basis rather than one-off announcements, Prasad said. According to Sivan, IN-SPACe will have its own directorates for technical, legal, safety and security, monitoring as well as activities promotion for assessing the private sector's needs and coordination of the activities. IN-SPACe would have a board and representatives from industry, academia and the government, Sivan said. "Initially, IN-SPACe will be manned by people from the existing space setup. Later, people from outside will be taken in. It will have its funds from the budgetary allocations for the DoS. The new body may not need big financial allocations," Sivan said. No estimataion on the private investment the sector will attract after the opening-up has been done. "We will have an industry meet with the private sector in two weeks. Then we may get an estimate on investment potential," he said. Stressing that the ISRO's importance will not diminish with the entry of IN-SPACe, Sivan said all the existing centres - manufacturing, services, rocket launch centres - would continue to be with the ISRO. "The ISRO will be involved in research and development in advanced technologies, human space missions. It will also share its technological expertise with the private parties. The proposed new body will not disturb the existing ones. It will be another autonomous body," Sivan said. On the impact of Covid-19 on the ISRO launch missions, Sivan said, "All our missions were affected. The actual impact will have to be studied once the situation improves. The private industries manufacturing items for the ISRO were not functioning due to the lockdown. Our own officials were not able to travel." --IANS vj/pcj

IN-SPACe could be sectoral regulator once laws are in place: Sivan

The Indian Space Research Organisation (<keyword id="6358064" type="General" weightage="20" keywordseo="isro" source="Orion">ISRO</keyword>) is chalking out the crucial tasks to be done in 2022 and the steps to be taken to increase the number of satellite launches and its manufacturing, said a top official. He also said the regulator for private space sector players Indian National Space Promotion and Authorisation Centre (INSPACe) having Ahmedabad as the headquarters has started hiring people for the top posts from ISRO. "ISRO is looking at the important tasks that can be done this year and the steps to be taken to increase the number of launches and also to increase satellite manufacturing," S.Somanath, Chairman ISRO and Secretary, Department of Space told IANS. According to him, the space agency will look at increasing the space missions with its rockets - Polar Satellite Launch Vehicle (PSLV), Geosynchronous Satellite Launch Vehicle (GSLV), upcoming Small Satellite Launch Vehicle (SSLV). Most of the launches get bunched in the second half of the year and ISRO is looking at expanding it. The Indian space agency has to launch OCEANSAT-3, INS-2B, ANAND- by PSLV-C53 and Micro SAT by the newly developed small rocket Small Satellite Launch Vehicle (SSLV) in May. Further, the launch of four ton communication satellite GSAT-24 is also scheduled during the first quarter of this year using Ariane 5 rocket owned by Arianespace. The space agency is also looking at the government policy to increase the manufacturing of satellites. It is said the government has put ISRO on hold from manufacturing satellites without signing up the users upfront. According to Somanath, the industry feedback on the various draft policies issued for the private and public sector players has been received and the final policies will be announced. Questioned about the Space Activities Bill, he said the Bill is being drafted incorporating INSPACe as the earlier Bill was drafted before the announcement of space sector reforms and the regulator for the private players. The Space Activities Bill is being drafted incorporating INSPACe. The earlier Bill did not have INSPACe. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/itc-paytm-zomato-among-stocks-to-watch-on-march-16/slidelist/90249211.cms">ITC, Paytm, Zomato among stocks to watch on March 16</a> <a href="https://www.businessinsider.in/science/health/india-logs-2876-new-covid-19-infections-and-98-fatalities-in-last-24-hours/articleshow/90252569.cms" data-type="tilCustomLink">India logs 2,876 new COVID-19 infections and 98 fatalities in last 24 hours</a> <a href="https://www.businessinsider.in/politics/world/news/russias-reliance-on-humanitarian-corridors-in-ukraine-comes-from-its-playbook-in-syria-experts-say/articleshow/90245670.cms" data-type="tilCustomLink">Russia's reliance on 'humanitarian corridors' in Ukraine comes from its playbook in Syria, experts say</a>

ISRO to chalk out plans to increase number of launches, satellite manufacturing

<ul><li>At the start of 2020, Indian Space Research Organisation (<keyword id="6358064" type="COMPANY" weightage="20" keywordseo="isro">ISRO</keyword>) Chairman and Secretary Department of Space K. Sivan said that the space agency was planning to have 25 launches. </li><li>All was going well for ISRO after the crashlanding of India's moon lander Vikram on the lunar surface in 2019.</li><li>The first setback of the year for ISRO came on March 4, when it had to call off the launch of GISAT-1, a day before its actual launch, owing to technical reasons. </li></ul>What would have been an insipid first half of the calendar year 2020 for the Indian space agency turned a bit interesting towards the end, with the government announcing its decision to open up the sector to private participation. At the start of 2020, Indian Space Research Organisation (ISRO) Chairman and Secretary Department of Space K. Sivan said that the space agency was planning to have 25 launches -- including Aditya-L1 satellite, <keyword id="1512353" type="COMPANY" weightage="20" keywordseo="Geo-Imaging-Satellite">Geo Imaging Satellite</keyword> (GISAT-1), realisation of Small Satellite Launch Vehicle (SSLV) or small rocket (carrying capacity 500 kg), navigation satellite with indigenous atomic clocks and <keyword id="9550825" type="COMPANY" weightage="20" keywordseo="indian-data-relay-satellite-system">Indian Data Relay Satellite System</keyword> (IDRSS), and GSAT-20 satellite with electric propulsion. Sivan also said India will embark on its third moon mission 'Chandrayaan-3' and attempt to land a lander on the lunar surface sometime in 2020-21. All was going well for ISRO after the crashlanding of India's moon lander Vikram on the lunar surface in 2019. The year began well ISRO with the launch of the 3,357 kg communication satellite GSAT-30 by the European space agency Arianespace rocket Ariane 5 on January 17. The ISRO also showcased its robot/half-humanoid -- Vyommitra - which was part of its human space mission programme 'Gaganyaan'. The first setback of the year for ISRO came on March 4, when it had to call off the launch of GISAT-1, a day before its actual launch, owing to technical reasons. The ISRO did not share any detail about the technical reasons, or the glitch, and its rectification since then. It is also not known when the satellite with a very good camera would be launched. Then came the Covid-19 lockdown within and outside India that had its cascading impact on ISRO's core plans like the realisation of SSLV, launch of GISAT-1, delay in the first test-flight of the rocket as part of Gaganyaan mission. "During the lockdown, industries that were supplying components were not working. Our own officials were not able to attend office. Further travel to Sriharikota in Andhra Pradesh for satellite launch by the officials were not possible due to the lockdown," Sivan told IANS. It is also not known when ISRO will be able to restart its satellite launch operations. With coronavirus infection spreading fast in the county, ISRO also started work on developing a low-cost ventilator and sanitiser. Meanwhile, two positive developments happened for ISRO -- securing an Indian patent for its liquid cooling and heating garment (LCHG) suitable for space applications and for its method of manufacturing highland lunar soil simulant or simply lunar/moon soil. On May 16, Union Finance Minister Nirmala Sitharaman announced that Indian private sector will be a co-traveller in India's space-sector journey and a level-playing field will be provided for them in satellites, launches, and space-based services. She also said that a predictable policy and regulatory environment will be provided to private players. The future projects for planetary exploration, outer space travel and others are to be opened up for the private sector, adding there will be a liberal geo-spatial data policy for providing remote-sensing data to tech-entrepreneurs subject to various checks. Welcoming the announcement, sectoral experts suggested various models for restructuring of ISRO and also urged the government to set up an independent regulator and also enact necessary legislation. On June 24, the Union Cabinet decided to set up Indian National Space Promotion and Authorisation Centre (IN-SPACe), making ISRO to focus on research and development (R&amp;D) of new technologies, exploration missions, and human spaceflight programme. Singh said the Union Cabinet led by Prime Minister Narendra Modi decided to set up IN-SPACe to provide a level playing field for private companies to use Indian space infrastructure. He also said the New Space India Limited (NSIL) will endeavour to re-orient space activities from a 'supply driven' model to 'demand driven' model, thereby ensuring optimum utilisation of the country's space assets. Former ISRO Chairman <keyword id="52158" type="PERSON" weightage="20" keywordseo="madhavan-nair">Madhavan Nair</keyword> said there should be a national space law to define responsibilities and liabilities. Pointing out the role envisaged for IN-SPACe and the demand for a sectoral regulator, when queried whether the proposed body could be converted into the space sector regulator, Sivan told IANS: "IN-SPACe could be turned into a regulatory body when the necessary laws and regulations are in place." "We are on the job of getting ready the Space Activities Bill. It will define the space activities, liabilities and other aspects," he added. As part of the reform process, new navigation policy is also being proposed. Suitable changes in the remote sensing data policy as well as SATCOM policy are on the anvil to align them to an open and inclusive space sector, said Sivan. "The best is to establish an independent regulator -- <keyword id="9550824" type="COMPANY" weightage="20" keywordseo="space-regulatory-authority-of-india">Space Regulatory Authority of India</keyword> (SRAI) -- which will create a level-playing field for many of the emerging players," Narayan Prasad, Chief Operating Officer, satsearch, told IANS. Establishing an independent regulator could allow a systematic review and reforms on a continuous basis rather than one-off announcements, Prasad said. As per current scheme of things, IN-SPACe will have its own directorates for technical, legal, safety and security, monitoring as well as activities promotion for assessing the private sector's needs and coordination of the activities. IN-SPACe would have a board and representatives from industry, academia and the government, Sivan said. "Initially, IN-SPACe will be manned by people from the existing space setup. Later, people from outside will be taken in. It will have its funds from the budgetary allocations for the DoS. The new body may not need big financial allocations," Sivan remarked. Stressing that the ISRO's importance will not diminish with the entry of IN-SPACe, Sivan said all the existing centres - manufacturing, services, rocket launch centres - would continue to be with the ISRO. "The ISRO will be involved in research and development in advanced technologies, human space missions. It will also share its technological expertise with the private parties. The proposed new body will not disturb the existing ones. It will be another autonomous body," Sivan said. Industry officials are hoping to see further steps being taken by the government regarding the space sector during the second half of 2020. But as regards the satellite launches - domestic as well as foreign for a fee - by ISRO during the year depends on the spread or control of coronavirus and the resultant lockdown. 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ISRO doesn't know when it will be ready to restart space launches

NewSpace India Limited (<keyword id="7835598" type="General" weightage="20" keywordseo="nsil" source="Orion">NSIL</keyword>) launched GSAT-24 in its first "demand-driven" communication satellite mission post space sector reforms, leasing the entire capacity on board to Direct-to-Home (DTH) service provider <keyword id="13033014" type="General" weightage="20" keywordseo="tata-play" source="Orion">Tata Play</keyword>. Built by Indian Space Research Organisation for NSIL, the satellite was successfully placed into geostationary orbit by the Ariane 5 rocket, operated by French company Arianespace, from Kourou in French Guiana (South America) on Thursday. GSAT-24 is a 24-Ku band communication satellite weighing 4180 kg with pan-India coverage for meeting DTH application needs. NSIL, incorporated in March 2019, is a Central Public Sector Enterprise (CPSE), under Department of Space (DOS) and is the commercial arm of ISRO. As part of "space reforms" announced by the Government in June 2020, NSIL was mandated to undertake operational satellite missions on a "demand driven" model, wherein it has the responsibility to build, launch, own &amp; operate satellites and provide services to its committed customer. The entire satellite capacity on-board GSAT-24 will be leased to its committed customer Tata Play, the DTH business of Tata Group, for meeting their DTH application needs. The Ariane 5 has successfully placed two satellites into geostationary orbit: MEASAT-3d for the Malaysian operator MEASAT, and GSAT-24, Arianespace said after launching them on-board Ariane-V VA257 flight from the Guiana Space Centre, Europe's spaceport in Kourou. GSAT-24 is configured on ISRO's proven I-3k Bus with a mission life of 15 years. "'Demand-driven' mode basically means when a satellite is launched, one will know who the end customers are going to be and what's the kind of utilisation and commitment so that you have very effective utilisation of this satellite capacity once it goes into orbit", an NSIL official explained. "Earlier, the mode was more supply driven, with capacity being leased after the launch with largely no firm commitment by customers before hand", the official noted. "The entire mission is fully funded by NSIL -- satellite, launch, launch campaign, insurance, transportation, in-orbit maintenance and support. Once the satellite is up in orbit, this will be fully owned and operated by NSIL," NSIL Chairman and Managing Director Radhakrishnan Durairaj told PTI. "So, we will be the satellite operator for this particular satellite," he said. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/apple-has-dropped-the-second-developer-beta-update-for-ios-16-with-revamped-message-filtering/articleshow/92404124.cms">Apple has dropped the second developer beta update for iOS 16 with revamped message filtering</a> <a href="https://www.businessinsider.in/business/news/half-of-the-earnings-of-indian-companies-ceos-at-risk/articleshow/92403167.cms">CEOs are paid more now but half of the earnings are 'at risk'</a>

You Searched For "indian space sector reforms" and got 8 results

ISRO Chairman K Sivan asserts that space sector reforms are not aimed at privatising the agency

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ISRO to chalk out plans to increase number of launches, satellite manufacturing

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ISRO doesn't know when it will be ready to restart space launches

IANS

Tata Play rents the entire capacity of the newly launched GSAT-24 satellite

PTI

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