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By:

Bhalchandra Chorghade

11 August 2025 at 1:54:18 pm

BMC plans parking curbs in narrow lanes

Mumbai: Amid mounting concerns over delayed emergency response in congested neighbourhoods, the Brihanmumbai Municipal Corporation (BMC) is preparing to enforce parking restrictions in several narrow lanes across the city, where indiscriminate on-street parking has increasingly emerged as a critical civic hazard. The move, expected to be implemented soon, is aimed at ensuring unobstructed access for fire engines and ambulances in densely populated pockets where even minor delays can have...

BMC plans parking curbs in narrow lanes

Mumbai: Amid mounting concerns over delayed emergency response in congested neighbourhoods, the Brihanmumbai Municipal Corporation (BMC) is preparing to enforce parking restrictions in several narrow lanes across the city, where indiscriminate on-street parking has increasingly emerged as a critical civic hazard. The move, expected to be implemented soon, is aimed at ensuring unobstructed access for fire engines and ambulances in densely populated pockets where even minor delays can have life-threatening consequences. “Illegal parking is not merely a compliance issue; it reflects the structural gap between the rapid growth in vehicle ownership and the limited parking infrastructure available in our cities,” said Prashant Sharma, President of NAREDCO Maharashtra. “As urban centres continue to densify, there is a pressing need to integrate well-planned and technologically enabled parking solutions within city planning as well as new real estate developments. Adequate parking infrastructure will play a crucial role in ensuring smoother traffic flow and improving overall urban mobility,” he added. Highlighting the urgency for scalable interventions, Ashish Majithia, Founder and CEO of Nextkraft Parking Technologies, said, “Mumbai’s parking crisis, especially in older and congested localities, underscores the need for innovative approaches such as automated and multi-level parking systems. Automated or mechanised parking should be installed at every public parking spot, which can significantly increase capacity, reduce dependence on on-street parking and ensure that critical access routes remain unobstructed. Alongside regulatory measures, adopting vertical parking infrastructure will be the key to building safer and more efficient cities.” The civic concern is particularly acute in older parts of South and Central Mumbai, including Chandanwadi, Girgaon, Kalbadevi, Gaondevi, Tardeo, Mumbai Central, Nagpada, Agripada and Byculla, where over 240 narrow lanes have been identified. Civic assessments indicate that nearly 35 to 40 of these are so constricted that only a single vehicle can pass at a time, making them highly vulnerable during emergencies when every second is critical. Commercial Zones The situation is further exacerbated in high-density commercial zones such as Zaveri Bazaar and Kalbadevi, where wholesale trade activity leads to persistent vehicular congestion. Authorities warn that in the event of fires or medical emergencies, blocked access routes could result in severe loss of life and property, underlining the gravity of the issue as more than just a traffic inconvenience. According to civic officials, proposed measures include introducing odd-even parking systems in select lanes and declaring complete no-parking zones in others, coupled with stricter enforcement against violators. However, residents and business owners have raised concerns over the absence of adequate alternative parking infrastructure, arguing that enforcement without viable substitutes could shift the burden rather than resolve the problem. As Mumbai continues to grapple with rising vehicle ownership and shrinking urban space, the proposed restrictions bring into sharp focus a deeper civic challenge, balancing immediate regulatory action with long-term infrastructure planning. Experts maintain that unless supported by systematic investments in organised, high-capacity parking solutions, the city’s emergency access bottlenecks may persist despite stricter rules.

Lateral upgrade to ailing annihilation

Updated: Oct 21, 2024

Lateral upgrade to ailing annihilation

Being the first person from the private sector to be appointed as chairperson of Securities and Exchange Board of India (SEBI) as part of the government’s lateral initiative, Madhabi Puri Buch also holds the honour of being the first woman to hold the top post as capital market regulator.

But the laurels that the former private sector banker enjoyed in her earlier stint with ICICI Bank, was marred with allegations that she and her husband were having a stake in offshore entities, which were used to artificially inflate shares of Adani group companies.

Terming the allegation as `character assassination, Buch clarified that all disclosures have already been furnished and the fund in question did not invest in any securities involving the Adani group.

When it rains, it pours. This allegation was subsequently followed by Congress Party allegation that Buch had received salary and post-retirement benefits from ICICI Bank after she quit the private sector bank.

In its clarification to the stock exchanges, ICICI Bank asserted that the payments made to Buch were purely retirement benefits after her exit from the bank and they were neither salary nor employee stock options.

Prior to these allegations, Buch tenure at SEBI was all about bringing in quick reforms on operational issues by changing the format of consultation paper to bring in larger responses digitally. Being data savvy, the rationale of her decisions were democratic based on big data analysis derived from the responses received to the consultation papers.

Further she bifurcated the duties of the SEBI staff between operations and enforcement, which were done by the same persons earlier. Having worked for the private sector in the capital market domain space, Buch had a better understanding of the subject compared to officers from the administrative service in the past that reflected even in her orders as a whole-time director at SEBI before becoming the chairperson. As a whole time director at SEBI, her orders on adjudication issues were more directional to the capital market space, according to experts in the compliance space. She was also quick to revamp the old provisions of the 90s at SEBI.

Being tech and data savvy, Buch enhanced regulatory surveillance and detection of market manipulation, insider trading and fraud while also emphasizing on strengthening corporate governance by introducing stricter rules for independent directors and enhancing disclosures for related-party transactions.

To put in perspective, the annual report of the capital market regulator in the just concluded financial year revealed that the number of investigations related to insider trading jumped to 175 in 2023-24 from 85 in the preceding year while probes related to front running jumped over three times to 83 from 24 in the preceding year.

Transparency in mutual funds by implementing measures to protect retail investors along with tightening norms for initial public offers, particularly in the SME platforms were some of her other positive initiatives including confirmation of denial of any market rumours within 24 hours for the top 100 listed companies which will be extended to top 250 companies from December 1. However increased transparency and compliance with tightening regulations led to increased operational costs for the market participants and hence faced resistance from certain quarters. Born in 1966, Buch completed her primary education in Mumbai and graduated with specialization in Mathematics from Delhi and later obtained a management degree from Indian Institute of Management, Ahmedabad. In between, she got engaged to Dhawal Buch, a director at a consumer goods multinational at the age of eighteen and got married at the age of 21.

Besides ICICI Bank, Buch also worked as a lecturer at a college in England, worked at Greater Pacific Capital in Singapore and ICICI Securities as its CEO. She also worked as executive director on several private sector companies and as a consultant for New Development Bank (Brics Bank).

What now remains to be seen, is whether Buch, who survived the 26/11 terror attack when she along with her husband, was attending a meeting at Taj, be able to overcome the current ordeal. Keeping fingers crossed for the times to come.

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