Antrix-Devas Deal - Implications and Recent Developments

1) 'The Antrix Corporation' is the commercial arm of which of the following space organizations?

a) ISRO, India
b) NASA, USA
c) China National Space Administration (CNSA)
d) Japan Aerospace Exploration Agency (JAXA)

2) Which of the following statements is/are correct with respect to Antrix-Devas deal signed in 2005?

a) As per the deal, the Antrix Corporation was to provide 70 MHz of the S-Band wavelength to the Devas Corporation by leasing transponders in ISRO's satellites.
b) After the reports about 'unilateral processes and presumptive losses' to the exchequer due to the deal, the Indian government annulled the contract in 2011.
c) Both a and b
d) Neither a nor b

3) Which of the following statements is/are correct with respect to recent ruling of the Permanent Court of Arbitration (PCA)?

a) The ruling has come in favor of Antrix Corporation.
b) The ruling has come in favor of Devas Corporation.
c) The PCA has asked Antrix to pay $1 billion as compensation to Devas.
d) Both b and c

Answers

1) a
2) c
3) d