While scrapping the controversial deal, the CCS also decided not to allot S-band space segment for commercial use and retained it solely for strategic and societal applications.
"The government will not be able to provide orbit slot in S-band to Antrix for commercial activities, including for those which are the subject matter of existing contractual obligations for S-band," Union Law minister M Verappa Moily had said after the meeting. A week before the CCS meeting, the Prime Minister had constituted the two-member panel for review of technical, commercial, procedural and financial aspects of the deal. It had also been asked to suggest correctives and fix responsibility for lapses if any and recommend improvements and changes in processes and procedures followed by Antrix, ISRO and Department of Space.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!