IBC - Compromise between bank and co-guarantor did not extinguish liability of other guarantors, who issued separate, enforceable undertakings: HC (See 'Legal Desk') Motor insurance complaints fall from 26.18% in FY 2023-24 to 24.8% in FY 2024-25 (See 'Corp Brief') DPIIT launches District Business Reform Action Plan (See 'Corp Brief') MoHUA holds Preparatory Workshop to Chart Roadmap for Clean Himalayan Hill Cities (See 'Corp Brief') IPR - Visage had made out strong prima facie case for protection; Freecia is restrained from copying packaging layout, ingredient descriptions, usage steps or using mark 'DERMOMELAN' until final disposal of suit: HC (See 'Legal Desk') BHEL hands over dividend cheque of Rs 109 cr to GoI (See 'Corp Brief') NESTS is organising 2nd EMRS Principals' Conclave on Effective Management of Schools (See 'Corp Brief') Govt has focused on further decriminalization to enhance Ease of Living and EODB: MoS (See 'Corp Brief') A&C - Post-insolvency commencement date claims that are not made part of Resolution Plan are not arbitrable: HC (See 'Legal Desk') Relentless execution transformed India's Energy Sector: Goyal (See 'Corp Brief') Over 8.45 crore subscribers enrolled under APY as on 30th Nov: MoS (See 'Corp Brief') Misc - It is duty of litigant to keep track of his own case, and he cannot shift entire burden on to shoulders of his counsel: HC (See 'Legal Desk') Rail Electrification boosts Efficiency, Cuts Diesel Consumption and Sets Global Benchmark (See 'Corp Brief') 53rd Edition of Fit India Sundays on Cycle dedicated to Vijay Diwas held in Goa (See 'Corp Brief') Scindia unveils 25-Foot Statue of Chhatrapati Shivaji Maharaj in Karnataka (See 'Corp Brief') PMLA - Secured creditor is entitled to stake its claim before liquidator as per Section 53 of IBC, qua immovable property, and same can be disposed of by liquidator as per law: SAFEMA (See 'Legal Desk') Mizoram gets its First Rail-Carried Cars (See 'Corp Brief') Minister highlighting rich craft traditions and their relevance to contemporary living (See 'Corp Brief') Scindia unveils Commemorative Postage Stamp on 150th anniversary of Bombay Gymkhana (See 'Corp Brief') SEBI - Request for unfreezing bank accounts based merely on value of securities in demat accounts, in absence of compliance with direction of Interim Order of depositing impounded gains in Escrow Account, cannot be accepted: SEBI (See 'Legal Desk') DoP, BSE sign MoU to expand Mutual Fund Access Across India (See 'Corp Brief') A&C - Difference or controversy as to rate of interest clearly falls outside scope of challenge on ground of conflict with public policy of India unless it is evident that rate of interest awarded is so perverse: SC (See 'Legal Desk') Cloud data centre capacity in India estimated to grow 4 to 5 times by 2030 (See 'Corp Brief') A & C - By awarding reimbursement for second regular meal & welcome drinks, arbitrator had created new contract between parties, amounting to breach of Sec 28(3), which is patently illegal and against public policy: SC (See 'Legal Desk') Scindia to address Gramin Dak Sevak Sammelan in Kolhapur (See 'Corp Brief') IBC - It is mandatory duty of RP to verify every claim received and maintain updated list of creditors with requisite details including amount admitted, claimed, and security interest: IBBI (See 'Legal Desk') Semicon India Program developing complete ecosystem for Semiconductors (See 'Corp Brief') PMLA - Secured creditor can stake its claim by moving application before Special Judge, PMLA Court, even before conclusion of trial, if excess amount is realised during auction sale: SAFEMA (See 'Legal Desk') NITI Aayog releases report on Deepening the Corporate Bond Market in India (See 'Corp Brief') IBC - Moratorium does not protect development rights under agreement that was validly terminated for corporate debtor's non-performance before initiation of insolvency proceedings: SC (See 'Legal Desk')

Space Technology revolutionizes governance, agriculture & Defence: MoS

Published: Mar 10, 2025

By TIOLCorplaws News Service

NEW DELHI, MAR 10, 2025: UNION Minister Dr. Jitendra Singh has said that India's Space technology is no longer confined only to the launch of rockets, but is also playing a major role in revolutionising governance by supplementing transparency, grievance redressal and citizen participation. In the process, there is reduced scope of corrupt practices, more discipline in observing timelines and less of so called red tapism, he added.

Addressing the "Good Governance' Conclave organized by 'Indian Institute of Democratic Leadership', the Minister underscored the growing significance of India's space sector as an attractive avenue, not only for  startups and livelihood generation but also for  transforming the governance practices.

Emphasizing Prime Minister Narendra Modi's leadership, Dr Jitendra  Singh explained how space technology is playing a pivotal role in bringing ease of living for common citizens through good governance.

In his inaugural address, Dr. Jitendra Singh captivated the audience by showcasing how India's space capabilities have expanded far beyond rocket launches. He revealed that space technology has now become integral to every Indian household, powering various governance services enabled by satellites from the Department of Space.

Calling Space Tech: A Pillar of Governance and Empowerment, Union Minister of State (Independent Charge) for Science and Technology, Minister of State (Independent Charge) for Earth Sciences, MoS PMO, Department of Atomic Energy and Department of Space, MoS Personnel, Public Grievances and Pensions highlighted several governance models enabled by space technology, including the transformative "Swamitva Yojana". This initiative, which leverages satellite mapping for land record management, has empowered citizens by eliminating the need for reliance on revenue officials for land record verification.

Dr Jitendra Singh pointed out that space technology also plays a critical role in national defense, border surveillance, and geopolitical intelligence, contributing significantly to India's security.

The Minister also emphasized space technology's role in India's agricultural sector-one of the major pillars of the economy-stating that it has become an invaluable force multiplier in improving decision-making, weather forecasting, communication, disaster preparedness, early warning systems, urban planning, and security.

Dr. Jitendra Singh proudly noted that India's neighbouring countries increasingly depend on India's satellite systems, further strengthening India's position as a regional space leader.

Addressing India's growing stature in global space exploration, Dr. Jitendra Singh remarked, "Gone are the days when we used to take the lead from others. Now, India sets the cue for others to follow." He cited the successful Chandrayaan-3 mission, which made India the first nation to reach the southern pole of the Moon, as a prime example of India's leadership in space technology.

The Union Minister credited Prime Minister Modi's vision and bold steps in opening the space sector for private sector participation. He pointed to the National Space Innovation and Applications (NSIL) and In-SPACe, which have fostered collaboration between the government and non-government entities, driving India's space economy to USD8 billion. Dr. Singh projected the space sector to surge to USD44 billion in the near future, marking a nearly fivefold growth.

Dr. Jitendra Singh shared a testament to the government's commitment to space development: India's space budget has tripled from 5,615 crores in 2013-14 to 13,416 crores in the recent budget, a staggering 138.93% increase. Additionally, ISRO recently celebrated its 100th satellite launch with the NAVIC satellite, a key milestone in India's space journey.

Dr. Singh also lauded India's burgeoning space startup ecosystem, noting that the first-generation space startups have now matured into successful global enterprises. The number of startups has grown from one to more than 300, positioning India as a key revenue generator in the global space market. India has launched 433 foreign satellites, with 396 of them launched since 2014 under Prime Minister Modi's leadership, generating USD192 million USD and 272 million Euros in revenue.

Turning the spotlight to future space missions, Dr. Singh shared India's roadmap for space exploration. He announced that trials for the Gaganyaan Mission, India's first human spaceflight mission, are set to begin with the ROBO Mission by the end of 2025. Four astronauts have been identified for the mission, with one already invited by the US to visit the International Space Station. By 2035, India aims to establish the Bharat Antariksh Station, and Dr. Singh boldly declared India's goal to send its first astronaut to the Moon by 2040.

Dr. Jitendra Singh also touched upon India's scientific advancements in AI, quantum technology, and bioengineering, solidifying the nation's position as a champion in space and other futuristic technologies. He reaffirmed India's commitment to climate goals, space debris surveillance, and capture technologies, reinforcing the country's role as a global leader in addressing climate concerns through space-based solutions.

With India's space sector growing at an unprecedented pace, Dr. Jitendra Singh's announcement paints a bold picture of India's future as a space powerhouse, driving innovation, economic growth, and global collaboration.

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