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PM Modi unveils Vikram-I, says India poised to lead global satellite launch market

PM Modi unveiled Vikram-I, India’s first privately developed orbital rocket, and inaugurated Skyroot’s Infinity Campus, marking a major milestone in the country’s private space sector.

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Prime Minister Narendra Modi on Wednesday virtually inaugurated Skyroot Aerospace’s new Infinity Campus in Hyderabad and unveiled Vikram-I, the country’s first privately developed orbital rocket. He called the achievement a defining moment for India’s growing private space ecosystem and a symbol of the nation’s credibility, innovation and ambition.

PM calls Vikram-I launch a milestone in India’s private space journey

PM Modi congratulated Skyroot founders Pawan Chandana and Bharath Daka, noting that India had grown from experimenting with basic resources to developing launch vehicles capable of meeting global demand. He said India’s progress was driven not by the availability of resources but by determination and reform.

The Prime Minister highlighted that the opening of the space sector, the creation of IN-SPACe, and facilitation through ISRO had enabled a “private space revolution”, with more than 300 new space startups emerging in recent years.

India eyes global demand for small satellite launches

With rising international demand for small satellites and higher launch frequencies, PM Modi said India had a major opportunity to expand its presence in the commercial launch market. He emphasised that global firms were seeking to manufacture satellites in India and collaborate on technology and launch services.

The Prime Minister linked this momentum with India’s overall startup boom across fintech, agritech, health-tech, climate-tech and defence sectors, noting that India now hosts 1.5 lakh registered startups, including several unicorns.

Skyroot’s Infinity Campus to build one rocket every month

The newly inaugurated Infinity Campus covers 200,000 sq ft and is designed to manufacture one rocket every month. Vikram-I marks Skyroot’s transition from sub-orbital missions to full-scale commercial orbital launches. The company had earlier made history by becoming the first private Indian firm to launch a rocket — Vikram-S — in 2022.

PM Modi expressed confidence that India’s young innovators would shape the future of the global space economy, saying the coming years would belong to Indian scientists, engineers and entrepreneurs.

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Centre tightens ISRO exit rules amid rise in resignations from scientists

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The Government of India’s Department of Space (DoS) has issued an internal memorandum tightening the process for accepting resignations and voluntary retirement requests from scientists and engineers working on critical Indian Space Research Organisation (ISRO) projects. The move comes amid a rise in exit requests from personnel associated with key national missions, including Gaganyaan.

Issued on July 14, the memorandum directs all ISRO centres not to independently approve resignation or voluntary retirement applications submitted by Group ‘A’ scientific and technical personnel engaged in strategically important programmes. Instead, such requests must be forwarded to the Department of Space, along with detailed recommendations from the respective Centre Director or Head of Unit, for a final decision.

According to officials, the revised procedure was introduced after a significant increase in resignation and voluntary retirement requests from experienced scientists and engineers. Reports indicate that more than 100 personnel have sought to leave the organisation in recent months, raising concerns over the continuity of several high-priority space missions.

The directive modifies the decentralised approval process introduced in 2020, under which directors of individual ISRO centres were authorised to process certain resignation and voluntary retirement requests. Under the revised system, the DoS will make the final decision in cases involving personnel working on critical national programmes.

ISRO Chairman V. Narayanan acknowledged that the organisation has witnessed an increase in exit requests but maintained that ongoing missions remain on track. Officials said the revised policy is intended to retain experienced scientific talent and ensure that strategically important projects are not affected by the departure of key personnel.

The decision comes as ISRO prepares for several major missions, including the Gaganyaan human spaceflight programme, while advancing a number of satellite launches and scientific initiatives. The revised policy reflects the government’s effort to maintain continuity in India’s space programme by retaining skilled personnel engaged in projects of national importance.

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60 US Senators back bill proposing 100% tariffs on countries buying Russian oil, including India

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 A bipartisan group of 60 US Senators has backed a bill proposing 100 per cent tariffs on imports from countries that continue to purchase Russian oil, a move that could have significant implications for India, one of Moscow’s largest crude oil buyers since the outbreak of the Russia-Ukraine war.

The legislation, introduced by late Republican Senator Lindsey Graham and Democratic Senator Richard Blumenthal, is intended to increase economic pressure on Russia by discouraging other countries from continuing to buy its energy exports. If enacted, the bill would authorise the US President to impose steep tariffs on goods imported from nations that continue purchasing Russian crude oil and other petroleum products.

India has sharply increased its imports of discounted Russian crude since the Russia-Ukraine conflict began in February 2022. The Indian government has consistently maintained that its energy procurement decisions are based on national interest, energy security and the need to ensure affordable fuel supplies for its consumers. Officials have repeatedly stated that India will continue sourcing oil from the most economically viable markets.

The proposed legislation has not yet become law. It needs to pass both chambers of Congressthe US Senate and the House of Representativesbefore it can be presented to the US President for approval. Until then, the proposed tariffs will have no legal effect.

The development comes as the United States and its allies continue efforts to tighten economic pressure on Russia over the Ukraine conflict. If passed, the legislation could have far-reaching implications for trade relations with countries that continue importing Russian oil, including India, and may also influence global energy markets and diplomatic ties.

Neither the US administration nor the Indian government has announced any policy change following the introduction of the bill. The proposal is expected to remain under close scrutiny as it moves through the US legislative process.

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Parliament’s Monsoon Session likely to bring five new bills and two pending legislations

The upcoming Monsoon Session of Parliament is expected to take up five new bills and two pending legislations, with proposals covering FCRA, MSMEs, Supreme Court judges and births and deaths registration.

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Parliament’s Monsoon Session, expected to begin in the last week of July, is likely to feature five new bills along with two pending legislations for consideration and passage, according to sources. The government is also expected to brief political parties on the proposed legislative agenda during the customary all-party meeting ahead of the session.

Notably, the tentative agenda does not include any Constitution Amendment Bill, even as speculation continues over measures related to delimitation and women’s reservation.

Two pending bills likely to come up for consideration

Among the pending legislations is the Foreign Contribution (Regulation) Amendment Bill, 2026, which was introduced in the Lok Sabha on March 25. The proposed amendments aim to improve transparency in the regulation of foreign funds received in India.

The Viksit Bharat Education Establishment Bill, 2025, introduced in December 2025, is also expected to move forward after the Joint Committee of Parliament submits its report during the Monsoon Session.

Two bills to replace ordinances

The government is expected to introduce the Income Tax (Amendment) Bill, 2026, replacing an ordinance issued earlier. According to sources, the legislation seeks to strengthen India’s sovereign debt market, attract global investments and improve market liquidity amid geopolitical uncertainties, volatile crude oil prices and global supply chain disruptions.

Another ordinance replacement is the Supreme Court (Number of Judges) Amendment Bill, 2026, which proposes increasing the sanctioned strength of Supreme Court judges from 33 to 37, excluding the Chief Justice of India, to help speed up the disposal of pending cases.

Three new bills on the legislative agenda

The remaining proposed legislations expected to be introduced during the session include:

  • Registration of Births and Deaths (Amendment) Bill, 2026, aimed at tightening and streamlining rules governing delayed registration of births and deaths.
  • Prevention of Insults to National Honour (Amendment) Bill, 2026, which seeks stricter provisions against acts considered disrespectful to national symbols or national honour.
  • Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, intended to improve ease of doing business, strengthen mechanisms for addressing delayed payments and provide greater powers to states.

Supplementary grants also on Parliament agenda

Apart from legislative business, the government is expected to present the Demands for Supplementary Grants for the financial year 2022-23 for discussion and voting in Parliament.

Meanwhile, sources said there is speculation that the government may take up Constitution Amendment Bills related to delimitation and women’s reservation only after it is confident of securing the required two-thirds majority in Parliament.

The government is also expected to introduce Constitution Amendment Bills aimed at disqualifying jailed leaders from holding powers and advancing the proposed ‘One Nation, One Election’ framework.

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