Indian Prime Minister Narendra Modi announced on Tuesday that the country will send its first astronaut to the Moon by 2040. EPA
Indian Prime Minister Narendra Modi announced on Tuesday that the country will send its first astronaut to the Moon by 2040. EPA
Indian Prime Minister Narendra Modi announced on Tuesday that the country will send its first astronaut to the Moon by 2040. EPA
Indian Prime Minister Narendra Modi announced on Tuesday that the country will send its first astronaut to the Moon by 2040. EPA

India to send its first astronaut to Moon by 2040


Taniya Dutta
  • English
  • Arabic

India will send its first astronaut to the Moon by 2040, the government said on Tuesday.

The country's space goals also include plans for a space station by 2035.

Prime Minister Narenda Modi also asked scientists to work on missions to Venus and Mars.

The announcement was made during a meeting to assess the progress of the Gaganyaan Mission – a project that aims to send a three-person crew to an orbit of 400km and bring them safely back to Earth.

It was also confirmed that the launch of the country's first manned space mission is scheduled for 2025.

“Reviewed the readiness of the Gaganyaan Mission and also reviewed other aspects relating to India's space exploration efforts,” Mr Modi wrote on X, formerly known as Twitter.

“India's strides in the space sector over the past few years have been commendable and we are building on them for more successes. This includes the setting up of Bharatiya Antariksha Station by 2030 and sending [the] first Indian to the Moon by 2040.”

New Delhi is set to carry out a unmanned mission test when the Indian Space Research Organisation launches a crew module, part of the Gaganyaan test vehicle, from Satish Dhawan Space Centre on October 21.

The IRSO will conduct 20 major tests, including three unmanned missions involving the human-rated launch vehicle.

Before the first Gaganyaan Mission, India will conduct a test flight that will carry Vyommitra, a female robot astronaut, in 2024.

A crew module will be sent into outer space during the test and brought back to Earth, where it will touch down in the Bay of Bengal.

The country's navy has already begun practising how to recover the module, the government said.

India became the first country to successfully land a spacecraft near the unexplored south pole of the Moon in August, and the fourth country to achieve a soft landing on the Moon.

The Vikram lander, part of its Chandrayaan-3 mission, landed on the lunar surface on August 23 at 4.34pm (UAE time).

The specs: 2018 Nissan Patrol Nismo

Price: base / as tested: Dh382,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 428hp @ 5,800rpm

Torque: 560Nm @ 3,600rpm

Fuel economy, combined: 12.7L / 100km

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Updated: October 18, 2023, 10:49 AM