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

News Network
October 10, 2024

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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.

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News Network
January 31,2025

Bengaluru: Special matching grants for the development of the backward region of Kalyana Karnataka, approval for the Mekedatu project and release of Rs 11,495 crore of special grants recommended by the 15th Finance Commission were among the suggestions and requests made by the Karnataka government during a pre-budget consultation with the Centre.

Last month, Union Finance Minister Nirmala Sitharaman met finance ministers of states and union territories (UTs) to take their demands and suggestions for the Union Budget 2025-26, to be presented on February 1.

In his presentation at the meeting, Karnataka Revenue Minister Krishna Byre Gowda on behalf of the state government led by Chief Minister Siddaramaiah sought release of Rs 5,300 crore promised in the Union Budget to Upper Bhadra project to provide water to drought prone central Karnataka and special matching grants for the development of backward region of Kalyana Karnataka and the global eco sensitive Western Ghats.

The state urged the Central government to shift from a "reimbursement-based" system to an "advance-release" model for the implementation of the centrally sponsored schemes and also proposed increasing the Central share of their honorariums to Rs 5,000 per month for ASHA workers and Rs 2,000 for Anganwadi helpers.

According to a statement shared by the Gowda's office on Friday, the minister suggested increasing Pradhan Mantri Awas Yojana assistance from Rs 1.5 lakh to Rs five lakh for urban houses and from Rs 72,000 to Rs three lakh for rural houses.

Karnataka has requested additional railway lines, expedited projects, and Central support for 50 per cent of land acquisition and 100 per cent construction costs.

The state also urged approvals for road infrastructure proposals, including new ring roads and upgrades to National Highways.

Gowda has also requested the Union government to increase pensions for old-age, widows, physically-challenged persons.

The Karnataka government called for transparent and need-based reforms in disaster relief fund allocation and timely release of SDRF (State Disaster Response Force) funds, prioritising states' disaster vulnerabilities, it stated.

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News Network
January 28,2025

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Ahead of the Delhi Assembly elections, Aam Aadmi Party (AAP) national convenor and former Delhi Chief Minister Arvind Kejriwal has written to Prime Minister Narendra Modi, urging the Centre to prioritise waiving loans for farmers and the middle class instead of wealthy individuals. He also demanded a nationwide law to prohibit the waiver of loans given to billionaires.

Notably, Delhi Assembly elections are scheduled for February 5 and the result will be announced on February 8. Kejriwal is seeking a third consecutive term, following AAP's landslide victory in 2020 when it won 62 out of 70 seats.

Income tax, GST rates can be cut to half

Addressing a press conference on Tuesday, Kejriwal criticised the central government, alleging favouritism toward the wealthy by writing off corporate loans worth thousands of crores. He claimed such practices burden ordinary citizens with excessive taxes while benefitting the rich. "Common people are paying half their salaries in taxes, while the loans of the rich are being waived. Why doesn't the central government waive home loans, car loans, or other financial burdens of ordinary citizens?" Kejriwal asked.

He emphasised that discontinuing loan waivers for billionaires could enable the government to reduce income tax and GST rates by half, double the taxable income threshold, and remove GST on essential commodities. "This is a massive scandal, and it's time to put an end to it," he said.

Kejriwal writes to PM Modi 

In his letter, Kejriwal stated, "Prime Minister should declare that no rich person's loan will be waived off. If you want to waive off, then waive off farmers' loans, middle class's home loans. This money will benefit the middle class a lot."

Kejriwal further argued that by waiving loans for the wealthy, the government could reduce tax rates. "I have calculated that if loans are not waived off, then tax rates will be halved. A person earning 12 lakhs annually pays his entire salary in tax, this is the sorrow of the middle class," Kejriwal wrote.

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News Network
January 23,2025

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President Donald Trump’s pick for the United States ambassador to the United Nations has become the latest administration nominee to voice the belief that Israel has “biblical” dominion over the occupied West Bank.

Elise Stefanik’s comment came during her confirmation hearing before the Senate Foreign Relations Committee on Tuesday. 

At the hearing, Elise Stefanik pledged to continue the US’s defense of Israel and advance Trump’s ‘America First’ agenda.

Stefanik, a Republican congresswoman from New York, further said that she supports the claims made by the far right in Israel that Jews have the “biblical right” to take land from Palestinians in the occupied West Bank.

Stefanik was definitive when asked if she shared the view of far-right Israeli finance minister Bezalel Smotrich and former hawkish minister Itamar Ben Gvir that Israel has a “biblical right to the entire West Bank”.

She responded with one word, “Yes.”

Democratic Senator Chris Van Hollen further asked Stefanik whether she supported Palestinians' right to self-determination.

Stefanik refused to answer the question directly, saying, “I think they deserve more than the failures that they have suffered under the leadership of terrorists.”

Representative Stefanik was first elected to the US House of Representatives in 2014, the youngest woman elected to Congress at the time, at just 30 years old, and represented New York's 21st Congressional District.

She is known to be a staunch advocate of Israel supports its decision to defund the United Nations Relief and Works Agency for Palestine Refugees (UNRWA), 

Stefanik is an advocate of claims by Zionists that that Israeli regime is justified in killing and ethnically cleansing Palestinian Christians and Muslims from their lands and homes.

She made headlines in 2024 by questioning the presidents of the University of Pennsylvania, Harvard, and the Massachusetts Institute of Technology about what she claimed was antisemitism on college campuses.

At the time, US students at university campuses all across the country were protesting Israel's genocide of Palestinians in Gaza.

After positioning herself as a champion in the fight against the alleged rise in antisemitism, Rep. Stefanik began receiving large donations from Republican Jewish donors.

Stefanik has long been one of most ardent defenders Israeli occupation and annexation policy. 

In June 2024, US-Israeli billionaire Miriam Adelson reportedly donated $100 million to Trump for his presidential campaign in exchange for a promise to allow Israel to annex the West Bank. 

Israel's occupation and Jewish settlement of the West Bank and Gaza since 1967 have brought the Palestinian Christian community to the brink of extinction.

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