Mukesh Ambani loses $5 billion from his net worth as oil sinks RIL shares

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.

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.

Mangaluru, Mar 1: Muslim religious and community leaders have strongly opposed the Wakf Amendment Bill 2024, calling it a threat to religious freedom. They have urged the government to uphold constitutional values and withdraw the bill immediately.

Speaking at a press conference on Saturday, March 1, they stated that the bill, introduced in August last year, has faced widespread resistance. Critics argue that it undermines the rights of Muslims and disregards constitutional protections. The bill was referred to a Joint Parliamentary Committee, but reports suggest that the committee rejected opposition-proposed changes and introduced even more controversial provisions, deepening concerns.

Leaders emphasized that Wakf properties are sacred donations meant for religious and social welfare purposes within the community. The Wakf Act, first established in 1913 and amended multiple times, safeguards these properties. The Indian Constitution guarantees religious freedom under Articles 25-28, and Article 26 specifically grants religious communities the right to manage their institutions and properties.

The BJP-led government has proposed a new bill titled United Wakf - Management, Empowerment, Efficiency, Development (UMEED) Act. Community leaders fear that the amendments will reduce Muslim control over Wakf assets. One of the most contentious changes requires all Wakf properties to have documented proof within six months, failing which they will lose their Wakf status. Previously, an independent Islamic law expert surveyed Wakf properties, but the amendment shifts this responsibility to district collectors, raising concerns about impartiality. Additionally, the bill removes the requirement for only Muslim officials to be appointed to the Wakf Tribunal and mandates at least two non-Muslim members in the Wakf Board. Critics question why such changes apply only to Wakf institutions while other religious trusts remain self-governed.

The Joint Parliamentary Committee received 9.8 million public objections, the majority opposing the amendments. However, reports suggest that the government ignored these concerns and proceeded with the bill in both Houses of Parliament.

Opponents argue that this amendment aims to bring Wakf assets under government control, eroding the religious and cultural identity of the Muslim community. They view it as a divisive political move that threatens the rights of India’s largest minority.

Religious leaders have urged all citizens who support constitutional values and secularism to voice their opposition to the bill.

Prominent scholars and community leaders at the press conference included Khazi Ahmad Musliyar Takha Ustad, Khazi Zainul Ulama Mani Ustad, Sayyid Ismail Thangal Ujire, Usmanul Faizi Thodaru, U K Muhammad Sadi Valavoor, U K Abdul Aziz Darimi Chokkabetu, S P Hamza Sakhafi Bantwal, N K M Shafi Sadi Bengaluru, Abdul Hameed Darimi Sampya, P P Ahmad Sakhafi Kashipatna, K I Abdul Khader Darimi Kukkil, P M Usman Sadi Pattori, K L Umar Darimi Pattori, T M Muhiyuddin Kamil Sakhafi Toke, Dr M S M Zaini Kamil, Anees Kausari, Umar Darimi Salmar, Qasim Darimi Savanoor, M Y Abdul Hafeez Sadi Kodagu, Abu Bakr Siddiq Darimi Kadaba, K K M Kamil Sakhafi Suribail, Rafiq Hudavi Kolar, K M Abu Bakr Siddiq Montugoli, Hussain Darimi Renjaladi, M P M Ashraf Sadi Malluru, Abu Saleh Faizi Tumbe, Muhammad Ali Turkalike, and Muhammad Musliyar Mundol.

The meeting was led by B A Abdul Nasir Lakki Star, president of the Dakshina Kannada Wakf Advisory Committee, and Ashraf Kinar, vice president of the committee.