Consider the following statements 1 Antrix Corporation is the commercial arm of Indian Space Researc...........

Science Affairs Space

Consider the following statements

1.Antrix Corporation is the commercial arm of Indian Space Research Organisation (ISRO).

2.The Permanent Court of Arbitration (PCA) tribunal has recently ruled in favour of India on the issue of annulment of a deal between Antrix Corporation and Devas Multimedia.

Which of the given statement/s is/are correct?

1 Only

2 Only

Both 1 and 2

None of the above

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Explanation:

The first statement is correct. Antrix Corporation is indeed the commercial arm of the Indian Space Research Organisation (ISRO). It functions as a marketing and commercial interface for ISRO's products, technical consultancy services, and space-related products.

The second statement is incorrect. The Permanent Court of Arbitration (PCA) tribunal did not rule in favor of India regarding the annulment of a deal between Antrix Corporation and Devas Multimedia. In fact, the tribunal's ruling was against Antrix Corporation, which led to a significant legal and financial controversy for the Indian government and ISRO's commercial arm.