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    Question

    Consider the statements about NewSpace India Ltd. and

    fill in the blanks for the same. 1. It is wholly owned Public sector enterprise under the administrative control of _________ 2. Its present authorized capital is ________ increased from 1000 crore.
    A ISRO, 10000crore Correct Answer Incorrect Answer
    B Department of space, 7500crore Correct Answer Incorrect Answer
    C DRDO, 2500 crore Correct Answer Incorrect Answer
    D Ministry of Science and technology, 5000 crore Correct Answer Incorrect Answer
    E Antrix, 3500 crore Correct Answer Incorrect Answer

    Solution

    The Union Cabinet approved the transfer of 10 in-orbit communication satellites from Government of India (Gol) to NewSpace India Ltd. (NSIL), a wholly owned Public Sector Enterprise (PSE) of GOI under the administrative control of the Department of Space.It also approved increasing the authorized share capital of NSIL from Rs 1000 crore to Rs 7500 crore.

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