India s nascent space industry has made a strong pitch for administrative allocation of satellite-based spectrum, saying the auction route could hit the growth of the sector. Indian Space Association (ISpA) Director General Lt Gen A K Bhatt (retd.) said auctioning the satellite-based spectrum will create a "barrier" to growth and may impact the innovation drive of the space sector start-ups.
Under existing norms, SBI chairman is given a term up to 63 years but Khara reaches that age next August. There are other public sector bank chiefs who were not given additional time in office despite being several months away from reaching the age of superannuation.