ISRO to develop launch vehicle with high payload, cost effective, reusable, and commercially viable
Cabinet clears development of Next Generation of satellite Launch Vehicle

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the development of Next Generation Launch Vehicle (NGLV), that will be a significant step towards the Government’s vision of establishing & operating the Bharatiya Antariksh Station and towards developing capability for Indian Crewed Landing on the Moon by 2040. NGLV will have 3 times the present payload capability with 1.5 times the cost compared to LVM3, and will also have reusability resulting in low-cost access to space and modular green propulsion systems.

The goals of the Indian space programme during the Amrit Kaal require a new generation of human rated launch vehicles with high payload capability & reusability. Hence, the development of the Next Generation Launch Vehicle (NGLV) is taken up which is designed to have a maximum payload capability of 30 tonnes to Low Earth Orbit, which also has a reusable first stage. Currently, India has achieved self-reliance in space transportation systems to launch satellites up to 10 tonne to Low Earth Orbit (LEO) and 4 tonne to Geo-Synchronous Transfer Orbit (GTO) through the currently operational PSLV, GSLV, LVM3 & SSLV launch vehicles.

The NGLV development project will be implemented with maximal participation from the Indian industry, who is also expected to invest in the manufacturing capacity at the outset itself, thereby allowing a seamless transition to the operational phase subsequent to the development. NGLV will be demonstrated with three development flights (D1, D2 & D3) with a target of 96 months (8 years) for the completion of the development phase.

The total fund approved is Rs. 8240.00 Crore and includes the development costs, three developmental flights, essential facility establishment, Programme Management and Launch Campaign.

Leap towards Bharatiya Antariksh Station

The development of NGLV will enable national & commercial missions including launch of human spaceflight missions to Bharatiya Antariksh Station, Lunar/inter-planetary exploration missions along with communication & earth observation satellite constellations to Low Earth Orbit that will benefit the entire space ecosystem in the country. This project will boost the Indian space ecosystem in terms of capability and capacity.

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Centre allows 100% FDI in insurance via auto route

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Centre allows 100% FDI in insurance via auto route
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Prime Minister condoles the loss of lives due to a fire mishap in Delhi’s Shahdara district
May 03, 2026
PM announces ex-gratia from PMNRF

Prime Minister Shri Narendra Modi has expressed deep grief over the loss of lives due to a fire mishap in Delhi’s Shahdara district.

The Prime Minister extended his condolences to those who have lost their loved ones in this tragic mishap and prayed for the speedy recovery of the injured.

Shri Modi announced that an ex-gratia of Rs. 2 lakh from the Prime Minister's National Relief Fund (PMNRF) would be given to the next of kin of each of those who lost their lives, and the injured would be given Rs. 50,000.

The Prime Minister posted on X:

"The loss of lives due to a fire mishap in Delhi’s Shahdara district is extremely distressing. Condolences to those who have lost their loved ones. Praying for the speedy recovery of the injured.
An ex-gratia of Rs. 2 lakh from PMNRF would be given to the next of kin of each of those who lost their lives. The injured would be given Rs. 50,000: PM"