Remembering Ratan Tata | RBI Governor Shaktikanta Das pays respect to visionary industrialist

Reserve Bank of India Governor Shaktikanta Das paid last respect to industrialist Ratan Tata in Mumbai on Thursday, hailing him as a true visionary and a champion of ethical corporate governance. Das reflected on Tata's remarkable legacy, emphasising that his achievements will require an entire volume to be adequately chronicled in the economic history of modern India.

"There are two things that stand out about Ratan Tata. First, he was a true visionary. Second, he was a strong believer in ethics in corporate governance. I think whenever the economic history of modern India is written, I would feel that a full volume will not be enough to describe his achievements...A great son of India and a phenomenal person. May his soul rest in peace," the RBI Governor told ANI.

Aditya Birla group chairman Kumar Mangalam Birla also paid last respects to Ratan Tata in Mumbai and described his passing as a "great loss for the country".

"It's a great loss for the country - not just for corporate India but the country as a whole. The impact of his work is quite unparalleled. We should remember him through the richness of his work. We met many times, years back - he was sober, frugal and always used to think in the interest of the country," Birla said.

Entrepreneur Ananya Birla also joined the chorus of tributes pouring in for the late Ratan Tata, and hoped to work hard taking his legacy forward.

"He was a visionary. He put in so much hard work and discipline for so many years. Hopefully, we all can work hard and take his legacy forward," she said.

Meanwhile, Maharashtra Cabinet-led by Chief Minister Eknath Shinde on Thursday passed a resolution urging the Centre to confer country's highest civilian award, Bharat Ratna to veteran industrialist Ratan Tata who passed away in Mumbai in recognition of his achievements.

Tributes were paid to Padma Vibhushan Ratan Tata in the state cabinet meeting held today. The Cabinet also passed a condolence proposal on Ratan Tata's demise.

Ratan Tata, Chairman Emeritus, Tata Sons, passed away at Breach Candy Hospital in Mumbai aged 86 on Wednesday. Maharashtra Chief Minister Eknath Shinde said on Wednesday night that the last rites will be performed with full state honours.

According to an official statement from Maharashtra Chief Minister Office, the state government has declared one day of mourning in respect of Ratan Tata.

The mortal remains of Ratan Tata, draped in the national flag, has been kept at National Centre for the Performing Arts (NCPA) lawns for the public to pay last respects. As per a statement from Tata Trust, the mortal remains of Ratan Tata will be taken on its final journey at 4 pm today.

From Prime Minister Narendra Modi to Chief Ministers of almost every state have condoled the demise of Ratan Tata. Union Home Minister Amit Shah paid a heartfelt tribute to veteran industrialist Ratan Tata on Thursday remembering him as a respected figure not just in India but globally.

Ratan Tata, born on December 28, 1937, in Mumbai, was the Chairman of Ratan Tata Trust and Dorabji Tata Trust, two of the largest private-sector-promoted philanthropic trusts in India. He was the Chairman of Tata Sons, the holding company of the Tata Group, from 1991 until his retirement in 2012. Then he was appointed Chairman Emeritus of Tata Sons.

He was honoured with the country's second-highest civilian award, the Padma Vibhushan, in 2008.