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INDIA’S SPACE-TECH SURGE: A MOONSHOT MOMENT Why in the News? Sector expansion: India’s space economy, valued at $8 billion, is projected to reach $40 billion by 2040, driven by rapid startup-led innovation. Startup boom: Over 420 space-tech startups now operate in India, nearly doubling in four years, supported by more than $350 million private capital. …
Read MoreBlue Origin Launches New Glenn for NASA Mission Why in News? Blue Origin successfully launched its New Glenn rocket for the first-ever NASA mission, marking the rocket’s second flight and a crucial milestone in challenging SpaceX’s dominance in the global launch market. The mission, named Escapade, aims to study Mars’ atmospheric interactions, contributing to our …
Read MoreWhy in the news? The Defence Ministry signed its 350th contract under the Innovations for Defence Excellence (iDEX) initiative with Space Pixxel Technologies. The contract focuses on developing a miniaturized satellite capable of carrying various advanced payloads, led by the Indian Air Force. Source: Startupchallenge Miniaturized Satellite Definition: A compact satellite designed to carry advanced …
Read MoreSyllabus: GS 3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Awareness in the fields of IT, Space, Computers, robotics, nano-technology, bio-technology and issues relating to intellectual property rights. Focus: Recently, the Union Cabinet approved amendments in the Foreign Direct Investment (FDI) policy pertaining to the space industry. Source: …
Read MoreWhy in the news? TASL’s TSAT-1A optical satellite successfully deployed in space via SpaceX’s Falcon 9 rocket, marking a milestone in earth observation. About the Successful Deployment of TSAT-1A: Tata Advanced Systems Ltd. (TASL) confirms the successful launch of its sub-metre resolution optical satellite, TSAT-1A, into space. The deployment took place as part of the …
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