Space debris is global mounting ultimatum to the enduring maintainability of the Outer Space activities and it ought to be deal in the very beginning. Otherwise, it will be too late. From the last couple of years, the rate at which the space activities have, resulted in the production of debris at very threshold position in a linear fashion. Ultimately, it has become the rendezvous of space debris general place. From couples of years ago, some incidents of collisions have enhanced the space debris accumulation, now crowded the corridor of earth orbit which constitutes the most serious pollutant of the near-earth space environment. Innovations in space applications have enhanced not only our awareness about universe but also daily lives world widely. Actually, the space treaties law neither explicitly forbids the production of space debris nor levies responsibility on the states to remove space debris. Because the absence of definition of space debris reveals the unending ambiguity between space debris and space object. There is no any legal procedure and mechanism available in existing space law regime to remove the space debris. Furthermore, who has the authority to take decision for the removal of space debris from the outer space? International space law does not permit interruption with space objects without the preceding approval from the launching State. This paper focuses on the legal and organizational challenges suggesting to revamp the fuzzy prevailing international space law regime to encounter incoming legal aspects.

Space debris is a global mounting ultimatum to the enduring maintainability of outer space activities and ought to be managed from the very beginning; otherwise, it will be too late. Based on the last couple of years, collisions are incidents that have enhanced space debris accumulation, and the rate at which space activities have resulted in the production of debris is at a threshold position in a linear fashion. Ultimately, space has become the rendezvous of space debris. Based on the growing accumulation of debris and the emerging apprehension regarding a horrible strike and collapse of whole space programs, to remove debris is very expensive process so this paper focuses on the financial challenges and solution as well. Developing and developed countries realize the value of a competent establishment of an International Fund for Debris Mitigation and Removal (IFDMR) that could address the financial issues. Thus, this paper suggests to create incentive opportunities for remediation of space debris and penalties for its production. it would be very strong and effective mechanism to halt this mounting issue by utilizing international fund. The revenue for fund would be collected mainly from contributing member states space agencies, the proportionate contributors of debris producer like (US, RUSSIA, CHINA), and other relevant stack holders, insurance of missions, levying fee from every launching, donations from various international organizations and private entities and UN Aid etc. The fund would be operated by the Director of fund having board of directors as management team under the umbrella of UNOOSA.

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Space Weaponization and Militarization is a mounting legal issue to the world peace. Selfprotective in its first epochs, the practice of space for military drives has now become aggressive. The notion of militarized space has been changed by that of "weaponized" outer space. The international law in space only stringently forbids placing munitions of mass destruction into orbit. So it is imperative to make such stringent laws, which could easily prevent occurrence of conflicts and tension amongst subjects involving outer space and halt this growing threat of world weaponization. Different nations are trying to put weapons into space and are trying to destroy the beauty of space. The evolution in military possessions in the outer space, Ballistic Missile Defense (BMD) system, Antimissile Laser Weapons (AMW), antisatellite weapons, surveillance, and intelligence capabilities is a question mark for international community. This article provides a detailed overview of the emerging technologies will have serious implications. This paper focuses on the International community to realize the stringent international legislation to prevent the emerging apprehension regarding space weaponization and highlights defect in national and international legislation. The legislative authorities other than United Nations organizations are appropriate for some attendant concerns about military utilization, orbital debris, environmental protection and impact on space tourism have not been covered completely by treaties. It is intended that establishing a uniformity legislative assembly and space court with the enforcement competency at international level to settle disputes of international responsibilities. Thus, this paper suggests international cooperation development on space demilitarization and protection of citizenry of countries regardless the process of using local remedies at the national level. All this process makes more attention to ensure the protection and reassurance of the outer space in the large interest of humanity.