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.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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