PM MODI LONCHING E- RUPEE ON 2 AUGUST||KNOW ABOUT ITS BENIFITT||2021

PM MODI LONCHING E- RUPEE ON 2 AUGUST||KNOW ABOUT ITS BENIFITT||2021

 ISRO is organizing an online summer school on remote sensing technology for students

Approvals, Registrations and Authorizations Required for Setting up an Indian Satellite System and Provision of Satellite Services by Satellite Operators in India


In my previous articles on provision of satellite services in India, we analyzed the regulatory framework and the possible entry options available to foreign satellite operators to establish its business presence in India and provide satellite services in the Indian subcontinent. One of the entry option is setting up an Indian Satellite System ("ISS") by the foreign satellite operator for providing satellite based services on a commercial basis in India and be eligible for all the preferential treatment accorded to such systems in service provisioning in India. For the purposes of establishing an ISS, the foreign satellite operator and/or domestic Indian company, as the case may be, ("Satellite Company") would need to obtain various approvals and registrations with the Indian regulatory authorities.


Incorporation of the Indian Company


For the purposes of setting up of an ISS, Satellite Company would need to incorporate a company ("Newco") under Indian laws. Under the Companies Act, 1956 of India, a company limited by shares may be incorporated either as a private company or as a public company. Under tax and other statutes and regulations, private and public companies are ordinarily treated similarly. Therefore, Satellite Company may consider incorporating Newco as a private company.


Registration with CAISS


In the year 1997-1998, the Government of India ("GoI") announced the Satellite Communication Policy Framework ("SatCom Policy") and formulated the norms, guidelines, and procedure for registration of Indian satellite systems by private Indian companies and allowed limited use of foreign satellites (i.e., uplink from India) in special circumstances provided the satellites were coordinated with the INSAT satellites. Pursuant to the SatCom Policy, the GoI authorized Indian Space Research Organization ("ISRO") to set up a Committee for Authorizing the establishment and operation of Indian Satellite Systems ("CAISS"), with its Secretariat at the Satellite Communication Programs Office at ISRO Headquarters at Bangalore.


For the purposes of registration with CAISS, Newco would need to submit a detailed project proposal to CAISS stating details of its project including the aims, objectives and background of Newco including its equity structure; the satellite proposed to be launched or leased, spacecraft description, manufacturing and launch details of the satellite, capabilities of all payloads and system, network description and characteristics, orbit spectrum requirements, spacecraft launch vehicle; data and location of satellite launches proposed by Newco, etc.


The Satellite Coordination Programme Office, which serves as the Secretariat of CAISS, reviews and examines the application in light of the SatCom Policy and the norms and guidelines and procedures approved by the GoI. The Secretariat will, thereafter, put up the application for CAISS' consideration.


In terms of DoS's Internal Rules for the approval process, the applicant company is required to provide its orbit-spectrum requirements with alternate choices indicating priority and the applicant company must have an orbital slot prior to submitting an application to CAISS.


Once CAISS grants its approval for operating the satellite system, Newco will need to coordinate with Wireless Planning & Coordination Wing to initiate inter-system co-ordination and issue authorization to operate the satellite in accordance with the ITU Radio Regulations. The GoI may also authorize Newco to directly co-ordinate with other satellite systems operators on technical aspects. The ISS implementation status would continue to be monitored by CAISS.


ISRO is organizing an online summer school on remote sensing technology for students of Std. 10, 11, 12 from July 26 to 30, 2021.  Registration is required by July 20 to participate in the program.


PM MODI LONCHING E- RUPEE ON 2 AUGUST||KNOW ABOUT ITS BENIFITT||2021

 E rupi UPI may be a cashless and contactless digital payments medium, which is able to be delivered to mobile phones of beneficiaries in sort of Associate in Nursing SMS-string or a QR code. this may primarily be sort of a postpaid gift-voucher that may be redeemable at specific acceptive centres with none credit or positive identification, a mobile app or web banking. e-RUPI can connect the sponsors of the services with the beneficiaries and repair suppliers during a digital manner with none physical interface.


The main objective of this answer is to form on-line payment straightforward and secure. The platform has been developed by the National Payments Corporation of Asian country unitedly with the money Services Department, the Ministry of Health and Family Welfare and therefore the National Health Authority.


Takaking the primary step towards having a digital currency within the country, Prime Minister Narendra Modi can launch Associate in Nursing electronic voucher based mostly digital payment system “e-RUPI” Mon. The platform, that has been developed by the National Payments Corporation of Asian country (NPCI), Department of monetary Services, Ministry of Health and Family Welfare and therefore the National Health Authority, are a person-specific and purpose-specific payments system.



How can e-RUPI work?


E rupi UPI may be a cashless and contactless digital payments medium, which is able to be delivered to mobile phones of beneficiaries in sort of Associate in Nursing SMS-string or a QR code. this may primarily be sort of a postpaid gift-voucher that may be redeemable at specific acceptive centres with none credit or positive identification, a mobile app or web banking. e-RUPI can connect the sponsors of the services with the beneficiaries and repair suppliers during a digital manner with none physical interface.

IMPORTANT LINK


Source: TV9 Gujarati


Which banks area unit swallow e-RUPI?


Axis Bank

Bank of Baroda

Canara Bank

HDFC Bank

ICICI Bank

IndusInd Bank

Indian Bank

Kotak Bank

Punjab full service bank

State Bank of Asian country

Union Bank of Asian country

 

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