Union govt approves Indian Space Policy 2023 to enhance role of Department of Space

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The Union government has approved the Indian Space Policy 2023 on 6th April. 

An overview of the news

• The Union Cabinet also approved the revised domestic gas pricing guidelines.

• Information and Broadcasting Minister Anurag Singh Thakur said, the price of natural gas should be 10 percent of the monthly average of the Indian crude basket.

• This step has been taken to ensure stable pricing in the regime and to provide adequate protection to the producers from adverse market movements.

• This would provide an incentive to increase production.

Indian Space Policy 2023

• Its aim is to boost the country's space department's role and give a larger participation to research, academia, startups, and industry.

• The policy sets out the roles and responsibilities of the Indian Space Research Organization (ISRO) and private sector entities.

• The policy will enhance the role of India's Department of Space, promote research, education, start-ups and industry.

• The policy is expected to provide a framework for the country's space sector for the next decade.

• Within 3 years, the number of startups has reached 150 in ISRO.

India's progress in the field of space exploration

• India has been making significant progress in the field of space exploration in recent years, with the successful launch of the Chandrayaan-2 mission and the development of the Gaganyaan mission, which aims to send astronauts into space.

• The country is also working on developing its own satellite navigation system, the Indian Regional Navigation Satellite System (IRNSS).