India bids adieu to Ratan Tata - the industrialist with a heart of gold

News Network
October 10, 2024

tataratan.jpg

Mumbai: The final rites of Ratan Naval Tata - the industrialist with a heart of gold - were performed with full State honours at a Mumbai crematorium this afternoon.

Home Minister Amit Shah was among the many high-profile dignitaries on hand to pay their final respects to Mr Tata; he stands in for Prime Minister Narendra Modi, who is en route to Laos to attend the ASEAN-India and East Asia summits. Mr Modi last night hailed Mr Tata as a "an extraordinary human being".

Mr Shah was accompanied by Union Commerce Minister Piyush Goyal, and Maharashtra Chief Minister Eknath Shinde and his deputies, Devendra Fadnavis and Ajit Pawar.

Earlier today  Ratan Tata lay in state, wrapped in the national flag, at the National Centre for Performing Arts in Nariman Point, before his body was transported to the crematorium in Worli, a distance of 12 km.

Thousands lined the streets to bid goodbye to one of their own, an unassuming Mumbai-born and bred 'chhotu' who transformed the Tata brand into a global powerhouse.

And the country's most powerful politicians were joined by its most influential celebrities - actors and sportspersons - and the country's richest, including the Ambanis and the Adanis, in paying their respects.

Maharashtra has announced a day of mourning as a mark of respect for a business leader and philanthropist admired in India and abroad for his simplicity, sincerity, and humanity.

Ratan Tata's contributions to the industrial and development sectors, to the economy and to the lives of tens of thousands of men and women, are too many to count.

Some, perhaps, deserve mention, such as the 'revenge' purchase of luxury brands Jaguar and Land Rover, which heralded India's arrival on the global automotive stage, and his commitment to the welfare of dogs, exemplified by the ₹ 165 crore hospital in Mumbai.

But his death unquestionably marks the end of an era; he was, perhaps, the last of his kind, someone who, despite fabulous privilege, never appeared to flaunt his wealth.

Indeed, Mr Tata could never be found on a list of billionaires simply because he donated the vast majority - 60 to 65 per cent, if some sources are to be believed - of his income.

Ratan Tata died at Mumbai's Breach Candy Hospital late last night at the age of 86.

He was admitted Monday but, as was his nature, played down any fuss, declaring he was undergoing routine age-related medical check-ups. "There is no cause for concern. Thank you for thinking of me..."

Hours later, just as discreetly and quietly, the Tata family broke the news.

"It is with a profound sense of loss that we bid farewell to Mr Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation," the group's Chairperson, N Chandrasekaran, said.

As the news spread the outpouring of grief underlined Mr Tata's stature, but it was a fellow industrial titan, Anand Mahindra, who best captured the emotions of 145 crore Indians.

"I am unable to accept..." he said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Media Release
March 5,2025

trump.jpg

New Delhi: Former U.S. President Donald Trump has announced plans to develop a state-of-the-art missile defense system called the ‘Golden Dome’, inspired by Israel’s ‘Iron Dome.’ Addressing a joint session of Congress, Trump declared his intention to build “the most powerful military of the future” and pledged funding for a comprehensive missile shield to protect the U.S. homeland.

A Modern Take on Reagan’s Vision

Trump claimed that former President Ronald Reagan had envisioned a similar system decades ago but lacked the technology to bring it to life. The initiative he referred to was the Strategic Defense Initiative (SDI) of the 1980s, which aimed to intercept intercontinental ballistic missiles (ICBMs) but was eventually abandoned following the collapse of the Soviet Union.

How Will the ‘Golden Dome’ Work?

The U.S. already has several missile defense systems in place. Trump’s ‘Golden Dome’ would likely integrate existing technologies, including:

🔹 Space-Based Infrared System (SBIRS) – Satellites that provide early missile launch warnings.

🔹 Ground-Based Midcourse Defense (GMD) – Interceptors in Alaska and California designed to shoot down ICBMs.

🔹 Aegis Ballistic Missile Defense (BMD) – A naval-based system for intercepting short- to intermediate-range missiles.

🔹 Terminal High Altitude Area Defense (THAAD) – A mobile system to destroy medium- and intermediate-range missiles.

🔹 Patriot Advanced Capability-3 (PAC-3) – Interceptor missiles designed to counter Chinese hypersonic threats.

Comparing with Israel’s ‘Iron Dome’

Israel’s multi-layered missile defense includes:

✅ Iron Dome – Protects against short-range rockets.
✅ David’s Sling – Targets mid- to long-range missiles.
✅ Arrow-2 and Arrow-3 – Designed to intercept long-range ballistic missiles.

With the U.S. contributing over $3.7 billion toward Israel’s Arrow defense system, Trump’s ‘Golden Dome’ could follow a similar model but on a much larger scale.

While the feasibility and timeline of this ambitious project remain unclear, Trump's announcement signals a renewed push for advanced missile defense in an increasingly volatile world.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
February 26,2025

pension.jpg

The Indian government is developing a 'Universal Pension Scheme' to provide pension benefits to all citizens, including those in the unorganised sector, according to sources. 

Key Features of the Proposed Scheme:

Inclusivity: Targets unorganised sector workers—such as construction workers, domestic staff, and gig workers—who currently lack access to large government-run savings schemes. 

Voluntary Participation: Open to all citizens aged 18 and above, including salaried employees and the self-employed. Participation is voluntary, with no mandatory government contributions. 

Streamlined Framework: Aims to consolidate existing pension and savings schemes, offering a unified and secure option for all citizens.

Complementary to Existing Schemes: Will not replace the National Pension System (NPS) but will serve as an additional option. 

Current Pension Schemes:

Atal Pension Yojana (APY): Provides a monthly pension of ₹1,000 to ₹5,000 after the investor turns 60, requiring regular contributions. 

Pradhan Mantri Shram Yogi Maandhan (PM-SYM): Benefits unorganised sector workers like street vendors and domestic workers, offering a monthly pension of ₹3,000 post-retirement.

Pradhan Mantri Kisan Maandhan Yojana: Designed for farmers, providing ₹3,000 monthly after the investor reaches 60 years of age.

The government plans to initiate stakeholder consultations once the proposal document is finalized.

This initiative reflects the government's commitment to enhancing social security and ensuring financial stability for all citizens in their retirement years.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 1,2025

The Trump administration has given the go-ahead for a nearly $3 billion arms sale to Israel, sidestepping the standard congressional review process to expedite the delivery of 2,000-pound bombs widely used by the Israeli military in its ongoing onslaught in the Gaza Strip.

In a series of notifications sent to Congress on Friday, the State Department has reported it has approved the sale of more than 35,500 MK 84 and BLU-117 bombs and 4,000 Predator warheads worth $2.04 billion to Israel.

Secretary of State Marco Rubio “has determined and provided detailed justification that an emergency exists that requires the immediate sale to the Government of Israel of the above defense articles and defense services in the national security interests of the United States, thereby waiving the Congressional review requirements,” the department said.

Deliveries are set to begin next year, it said.

According to the same statement, Rubio has also approved another munitions sale to Israel worth $675.7 million to be delivered starting in 2028.

The Israeli regime has extensively used the MK 84, also known as the 2,000-pound bomb, in its genocidal wars against the people of Lebanon and Palestine, including the assassination of top Hamas and Hezbollah leaders.

Last May, the previous US administration attempted to curb Israel’s military aggression in Rafah, a city in southern Gaza, by imposing a temporary ban on the sale of 2,000-pound bombs.

This effort, however, proved futile in halting the invasion, as the US continued to supply other weapons to the Israeli regime.

On February 25, Trump’s National Security Adviser, Michael Waltz, rescinded the ban to allow the State Department to resume the sale of the bombs to the regime.

The State Department has also approved the sale of Caterpillar D9 Bulldozers and related equipment for an estimated cost of $295 million to Israel.

The Israeli regime has used D9 bulldozers to demolish thousands of Palestinian homes in the occupied West Bank and Gaza.

The Office of the UN High Commissioner on Human Rights has advised Caterpillar Inc. that by supplying the bulldozers to the regime, it is complicit in human rights violations.

D9 has been involved in several incidents of civilian deaths, including in 2023 when it was used against the refugees sheltering outside the Kamal Adwan Hospital.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.