Citizens' Issues
India set to launch five British satellites
The Indian space agency on Wednesday morning began the countdown for the July 10 rocket launch that would carry five British satellites.
 
According to Indian Space Research Organisation (ISRO), the 62 hours and 30 minutes countdown for the July 10th night launch of rocket Polar Satellite Launch Vehicle (PSLV) XL variant began at 7.28 a.m. on Wednesday.
 
The rocket is scheduled to blast off at 9.58 p.m. on July 10 from the first launch pad with five satellites together weighing around 1,440 kg, for an undisclosed fee.
 
Since 1999 India till date has launched 40 satellites of other countries and the successful launch of the five British satellites would take the tally to 45.
 
The 44.4 metre tall and weighing 320 tonne the PSLV is a four stage/engine rocket with six strap on motors for addition thrust during the initial phase of the flight.
 
The first and third stages are powered by solid fuel and are cast ready while the second and fourth stages are powered by liquid fuel which will be filled during the countdown.
 
Apart from fuelling up the engines, all the systems would be checked and rechecked during the countdown.
 
According to ISRO, this is the heaviest commercial luggage carried by a PSLV rocket till date.
 
Of the five British satellites, three are identical DMC3 optical earth observation satellites weighing 447 kg. These will be put into a 647-km sun-synchronous orbit.
 
Of the other two satellites, CBNT-1 weighs 91 kg and also is an optical earth observation technology demonstration microsatellite, while the De-OrbitSail weighs 7 kg. This is an experimental nano satellite for demonstration of large thin membrane sail and drag deorbiting.
 
The total duration-from the rocket's blast off to the fifth satellite separation- will be around 19 minutes 16 seconds.
 
The three DMC3 and the CBNT-1 satellites are built by Surrey Satellite Technology Ltd. The De-OrbitSail is built by Surrey Space Centre.
 
According to ISRO, accommodating the three DMC3 satellites each with a height of about three metres within the existing payload fairing or the heat shield of the PSLV was a challenge. Thus, a circular L-adaptor and a triangular Multiple Satellite Adapter-Version 2 (MSA-V2) were newly designed and realised by ISRO for this specific purpose.
 
France's SPOT 7 satellite weighing 714 kg was the heaviest single foreign satellite carried by a PSLV rocket till now. It was launched on June 30, 2014.

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Can't pay Rs.36,000 crore in 18 months, Sahara tells SC
The Sahara Group on Tuesday told the Supreme Court that it was not possible for it to repay, in 18 months, Rs.36,000 crore of investors' money that it had collected in 2007-08 in 18 months as was ordered by the court on June 17.
 
"There is no business house in the country or in the world which can deposit Rs.36,000 crore in 18 months time," senior counsel Kapil Sibal, appearing for jailed Sahara chief Subrata Roy, told a bench of Justice T.S.Thakur, Justice Anil R.Dave and Justice A.K.Sikri.
 
He said that he was getting an application ready that would be moved in a week's time pointing to the difficulty in arranging Rs.36,000 crore to return the investors money.
 
His admission came as Justice Thakur asked him that suppose Sahara was not able to repay the entire amount.
 
At this, senior counsel Arvind Dattar, appearing for market regulator SEBI, told the court that Sahara had told in the past that it can and would return the investors money and it had the resources to do so.
 
In response, Sibal said: "If I have told the court that I can and I will pay but if I am not abler to (return) then I can be sent to jail."
 
The apex court had June 19 given Sahara's two companies - SIRECL and SHFCL - 18 months to repay the investors' money which they had collected in 2007-08 through OFCDs.
 
Subrata Roy and two directors of the Sahara group were sent to judicial custody for its failure to comply withy its August 31, 2012 and December 2012 order to return investors Rs.24,000 crore along with 15 percent interest. The total amount along with interest component now stands at Rs. 36,000 crore.
 
Telling the court that they stood on a stronger wicket asd far as their claim that they have already paid a substantial amount of investors money, Sibal told the court that the Income Tax Appellate Tribunal has accepted that two Sahara companies have already returned money of the 85 percent of the investors.
 
He said that thought its contention was not accepted by the Income Tax authorities but the same has found favour with the appellate tribunal.
 
As the court asked him that he had submitted all the documents to SEBI and which were the documents he was referring to, Sibal said that these were PAN card numbers showing TDS.
 
In the meanwhile, the court asked a Gorakhpur-based real estate developers to deposit a bank draft of Rs. 11 crores - 10 percent of Rs.110 crore that it has offered to pay for buying 54.71 acres of Sahara land in the eastern Uttar Pradesh town. The court said that the draft should be favouring secretary general, Supreme Court.
 
This is nearly double of Rs.65 crore that Sahara has told the court it was getting for the same land from another developer.
 
As Sahara objected to the offer saying that it would come in the way of the release of Subrata Roy from jail and it was about to get Rs.65 crore from the first buyer, the court asked the new buyer to deposit Rs.65 crore immediately and the remaining Rs.45 crore in three to four months.
 
As counsel appearing for the new buyer wanted time to take instructions, the court gave him time till Monday with a rider that he would deposit a demand draft of Rs. 11 crores by Wednesday to establish his bonafide.

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European Commission says Grexit cannot be ruled out
At the end of a Eurogroup summit, European Commission President Jean-Claude Juncker said Grexit cannot be ruled out though he does not want Greece to leave the Eurozone.
 
"Friday morning will be the last moment," Juncker said on Tuesday night, setting a deadline for the Greek government to present "credible and comprehensive" proposals to move forward, Xinhua reported.
 
The European Union has called a 28-member state summit on Sunday, signalling the bloc already has "a Grexit scenario prepared in detail".
 
We have a humanitarian plan if needed, he said.
 
"I am strongly against Grexit but I cannot prevent it if (the) Greek government does not do what is asked of it," Juncker told reporters.

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