Context:

• The Union Cabinet chaired by Prime Minister has approved the Polar Satellite Launch Vehicle (PSLV) Continuation Programme (Phase 6)  and funding of thirty PSLV operational flights under the Programme.
• The Programme will also meet the launch requirement of satellites for Earth observation, Navigation and Space Sciences. This will also ensure the continuity of production in Indian industry. 

Major Impact:

• The operationalisation of PSLV has made the country self-reliant in the launching capability of satellites for earth observation, disaster management, navigation and space sciences. The PSLV Continuation programme will sustain this capability and self-reliance in the launching of similar satellites for national requirements.
• The PSLV Continuation Programme – Phase 6 will meet the demand for the launch of satellites at a frequency up to eight launches per year, with maximal participation by the Indian industry.
• All the operational flights would be completed during the period 2019-2024.

Background:

• PSLV has emerged as a versatile launch vehicle to carry out Sun-Synchronous Polar Orbit (SSPO), Geo-synchronous Transfer Orbit (GTO) and low inclination Low Earth Orbit (LEO) missions.
• With the recent successful launch of PSLV-C41 on 12th April, 2018, PSLV has completed three developmental and forty three operational flights and the last forty one flights have been successful.
• PSLV has established itself as a workhorse vehicle for national satellites with a production capacity that would enable responding fast to commercial launch opportunities also.

Source:PIB