For the first time in 50 years, two satellites by Indian startups SpaceKidz India and Pixxel (incorporated as Sygyzy) were tested at the UR Rao Satellite Centre of the Indian Space Research Organisation (ISRO).
The Brazillian satellite Amazonia 1 is NewSpace India Limited s (NSIL) first commercial launch mission.
Feb 10, 2021 09:16:25 IST
The Indian Space Research Organisation is all set to launch its first mission of the year 2021, and has chosen to launch its Polar Satellite Launch Vehicle C51 (PSLV-C51). The rocket will be launching from Satish Dhawan Space Centre (SDSC) SHAR, Sriharikota at 10.23 am IST on 28 February. However, the launch is subject to suitable weather conditions at the launchpad. ISRO will be launching a Brazilian satellite along with 20 other Indian satellites. This mission was among those mentioned in the 2021 Union Budget by Finance Minister Nirmala Sitharaman.
‘PSLV’ Still a Powerful Idea Today
PSLV is a closed-end fund that lets investors redeem large blocks of shares in exchange for delivery of silver bullion.
The Sprott Physical Silver Trust often trades at a premium to net asset value (NAV). Closed-end funds can see large premiums and discounts, while exchange traded funds (ETFs) have an arbitrage feature that tends to keep prices in line.
“Samuelson believes silver remains undervalued relative to gold by 10% to 30%. With gold in the $1,825 to $1,875 an ounce range, silver should be trading at $30 to $35, he says,” according to
Barron’s.
PSLV “offers a potential tax advantage for certain non-corporate U.S. investors. Gains realized on the sale of the Trust’s units can be taxed at a capital gains rate of 15%/20% versus the 28% collectibles rate applied to most precious metals ETFs, coins and bars,” adds Sprott.
Finance Minister Nirmala Sitharaman on Monday announced the execution of the Polar Satellite Launch Vehicles (PSLV-C51) launch under the public sector undertaking - New Space India Limited. The announcement was made as Sitharaman tabled the Union Budget for FY 2021-22 in the Parliament. The New Space India Limited, a PSU, under Department of Space will execute the launch of PSLV-C51 carrying satellites from Brazil and India, the finance minister told the Parliament. The finance minister also mentioned Chandrayaan-3, a successor to the Chandrayaan-2 mission to the far side of the moon, in her Budget speech. 2021 will be the year of Chandrayaan-3 , the finance minister said as she began her third Budget presentation.