G. Kasturi, moderniser of The Hindu, passes away

[email protected] (The Hindu)
September 21, 2012
G._KasturiChennai, September 21: We record with profound regret and grief the passing of G. Kasturi, former Editor of The Hindu and former Managing Director of Kasturi and Sons Limited, the proprietors of The Hindu Group publications. He presided over, and led from the front, the newspaper’s rapid expansion and innovative modernisation and growth on the editorial-technology-logistics fronts through the 1960s and on to the cusp of the 1990s.

The end came peacefully at 2 a.m. on Friday, September 21, at his home on Kasturi Ranga Road here. Alert and active till almost the very end, he was surrounded by loved ones. He was 87.

He is survived by his wife Kamala Kasturi, sons K. Balaji and K. Venugopal, daughter Lakshmi Srinath, five granddaughters and two great grandchildren. Mr. Balaji, Mr. Venugopal and Ms. Srinath, are whole-time Directors of Kasturi and Sons Limited.

The news was received with a sense of disbelief and anguish at The Hindu’s offices in Chennai as well as in other centres.

Son of Kasturi Gopalan, who was the second of S. Kasturiranga Iyengar’s two sons, Mr. Kasturi was Editor of The Hindu from September 1965 to January 1991 — for more than 25 years. It was the longest tenure for an Editor of the newspaper, which, as on September 20, 2012, is 134 years old. (Kasturi Srinivasan was the Editor from 1934 to 1959).

Born on December 17, 1924, he had his school and college education in Madras. After acquiring an M.A. degree from Madras University creditably, he joined the organisation in 1944. In 1959, he was designated Joint Editor.

The Hindu was his life, says N. Ram

In a tribute, N. Ram, former Editor-in-Chief of The Hindu and other group publications and Director of Kasturi & Sons Limited, said:

“My uncle, Shri G. Kasturi was a major figure in the post-independence history of Indian journalism and the newspaper industry. Along with his uncle, Shri Kasturi Srinivasan, under whom he trained as a newspaperman, he was the longest serving Editor of The Hindu. Earlier and more clearly and determinedly than most of his media contemporaries and fellow Editors, he saw the need for the newspaper industry and journalism to embrace new and state-of-the-art technology and adapt it to our conditions while preserving the core values of journalism. Many a leap in newspaper technology – offset printing, facsimile transmission of whole newspaper pages, photocomposition, full-page pagination, colour scanning – found its first Indian champion in my uncle, who was always hands-on, side by side with the technical experts. He was enthusiastic about internet journalism and digital technology and almost till the end was regularly on his iMac working on page design and photographs and savouring the best of international newspaper websites. He believed that Indian newspapers had to raise their game in terms of production values and must not take their readers for granted. Significantly, he lived to see the 134th anniversary of the founding of The Hindu on September 20 and passed away a couple of hours into September 21. The Hindu was his life.”


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News Network
April 28,2020

New Delhi, Apr 28: Outstanding loans amounting to Rs 68,607 crore of top 50 wilful bank loan defaulters in the country including firms of Mehul Choksi and Vijay Mallya have been technically written off till September 30, 2019, the Reserve Bank of India said in a RTI reply.

Absconding dimantaire Choksi's company Gitanjali Gems tops the list of these defaulters with a whopping amount of Rs 5,492 crore, according to the list.

This is followed by REI Agro with Rs 4,314 crore and Winsome Diamonds with Rs 4,076 crore.

Rotomac Global Private Limited has funded advances of Rs 2,850 crore which have been technically written off and Kudos Chemie Ltd with Rs 2,326 crore, Ruchi Soya Industries Limited, now owned by Ramdev's Patanjali, with Rs 2,212 crore and Zoom Developers Pvt Ltd with Rs 2,012 crore being the other companies.

Mallya's Kingfisher Airlines figures in the list at number 9, with outstanding of Rs 1943 crore which have been technically written off by the banks.

Forever Precious Jewellery and Diamonds Private Limited has loans of Rs 1,962 crore written off while Deccan Chronicle Holdings Limited have Rs 1915 crore written off loans.

Choksi's other firms Gili India and Nakshatra Brands also have loans of Rs 1,447 and Rs 1109 crore respectively written off.

REI Agro of Jhunjhunwala brothers is already under the scanner of ED. The CBI and ED are also probing alleged fraud by the owners of Winsome Diamonds.

Vikram Kothari's Rotomac is the fourth in the list. He and his son Rahul Kothari were arrested by the CBI for bank loan default.

In the last Parliament session, Rahul Gandhi had asked the government to provide a list of top 50 bank loans defaulters in the country, leading to sharp exchanges and uproar in the Lok Sabha.

"The information on top 50 wilful defaulters and their sum of funded amount outstanding and amount technically/prudentially written off as on September 30, 2019 reported in CRILC by banks, is provided," the RBI said in its written response dated April 24.

In his application, RTI activist Saket Gokhale had sought the list of defaulters as on February 16, but the RBI said the requested information is not available.

The RBI said that according to section 8 (1)(a) of RTI Act 2005 read with para 77 of Supreme Court judgement of December 16, 2015 in Jayantilal N Mistry case, information on overseas borrowers is exempted from public disclosure.

"Data is as reported by banks and RBI will not be held responsibly or accountable for any misreporting and/or incorrect reporting by the reporting entities," the RBI said in the written reply to the RTI query.

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News Network
May 15,2020

New Delhi, May 15: The World Bank on Friday approved $1 billion 'Accelerating India's COVID-19 Social Protection Response Program' to support the country's efforts for providing social assistance to the poor and vulnerable households, severely impacted by the pandemic.

This takes the total commitment from the World Bank towards emergency COVID-19 response in India to $2 billion.

A $1 billion support was announced last month to support India's health sector.

The response to the COVID-19 pandemic around the world has required governments around the world to introduce social distancing and lockdowns in unprecedented ways, said Junaid Ahmad, World Bank Country Director in India in a webinar interaction with the media.

These measures, intended to contain the spread of the virus have, however, impacted economies and jobs – especially in the informal sector. India with the world's largest lockdown has not been an exception to this trend, he said.

Of the $1 billion commitment, $550 million will be financed by a credit from the International Development Association (IDA) – the World Bank's concessionary lending arm and $200 million will be a loan from the International Bank for Reconstruction and Development (IBRD), with a final maturity of 18.5 years including a grace period of five years.

The remaining USD 250 million will be made available after June 30, 2020.

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Agencies
January 21,2020

Kochi, Jan 21: A special court here on Tuesday sent two students, who were arrested under the Unlawful Activities Prevention Act (UAPA) case in Kozhikode last November, to the custody of National Investigation Agency (NIA) for a day.

The NIA court ordered that the duo, who were in judicial custody till now, to be produced before it tomorrow.

In its application, the NIA had said that the accused must be interrogated on the basis of digital records and sought custody of the duo for a week.

However, the defendant argued that no new evidence had been found against the accused and therefore no custody should be granted.

During an earlier hearing, the two had told the court, "We are not Maoists. We are CPI (M) activists. The Chief Minister, who says we are Maoists, should bring proof of whom we killed and where we bombed. In the last election, we have served as CPI (M), booth agents. We are the ones who went out to vote and pasted posters for the party."

The two were charged under Sections 20 (punishment for being a member of terrorist gang or organisation), 38 (offence relating to membership of a terrorist organisation) and 39 (offence relating to support given to a terrorist organisation) of the UAPA.

Allen and Thaha, students of law and journalism respectively of Kannur University, were taken into custody by the police from Pantheerankavu in Kozhikode on November 1 last year.

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