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By:

Quaid Najmi

4 January 2025 at 3:26:24 pm

Trainer plane hard-lands near Baramati

Mumbai: In a shocker, a small trainer aircraft belonging to a private aviation company hard-landed near the Baramati Airfield on Wednesday, sparking fresh concerns over aviation safety in a region that has been witness to several aircraft-related incidents in the past few months. The two-seater, single-engine aircraft belongs to Redbird Flight Training Academy (RFTA) and it crash-landed near the Baramati Airfield this morning around 8.50 am. There are no casualties reported in the incident...

Trainer plane hard-lands near Baramati

Mumbai: In a shocker, a small trainer aircraft belonging to a private aviation company hard-landed near the Baramati Airfield on Wednesday, sparking fresh concerns over aviation safety in a region that has been witness to several aircraft-related incidents in the past few months. The two-seater, single-engine aircraft belongs to Redbird Flight Training Academy (RFTA) and it crash-landed near the Baramati Airfield this morning around 8.50 am. There are no casualties reported in the incident though the Italian-made plane is reported to have suffered minor damage. Confirming the mishap, Pune (Rural) Superintendent of Police Sandeep Singh Gill told mediapersons that the plane crash landed near Gojubavi village, adjacent to the Baramati Airfield. In a terse statement later, the RFTA said: “This is to inform that our aircraft, a Tecnam P2008JC bearing registration VT-RFY, was involved in an incident at Gojubavi in the vicinity of Baramati Airport. As per the preliminary information received, the aircraft was undertaking a solo flight at the time of the occurrence. The cadet pilot is reported to be safe,” it said. When contacted in New Delhi, a senior RFTA official, Dr. Ritu Grover, told The Perfect Voice that they had no further information on the accident including the identity of the trainee pilot. According to initial information, the aircraft developed a technical glitch while cruising at a low altitude while on a routine practice flight, forcing the trainee pilot to attempt an emergency landing but it hard-landed. “During the crash landing, a part of the aircraft grazed an electric light pole before it came down on the ground. Only one trainee pilot was on board the aircraft and fortunately, no serious injuries were reported in the incident,” Gill said. Upon receiving information from the locals, a police team rushed to the accident spot and cordoned off the site. The injured trainee pilot was taken for treatment while local aviation officials launched a probe into the incident. The police said that further details would be released after a technical assessment of the aircraft and ascertaining the causes leading to the disaster. Incidentally, this is believed to be the third mishap involving the Tecnam aircraft including in 2021 and 2023 in different places. The RFTA is one of the two major pilot training institutes operating from the Baramati aviation hub. The region has emerged as a centre for aviation training, with institutes like RFTA and the Carver Aviation conducting regular training sorties from the airfield. Today’s incident brought focus on the safety record of aviation training operations in Baramati, particularly around Gojubavi village, where multiple aircraft mishaps have been reported in recent years. The latest crash comes barely four months after the January 28 Learjet crash near here that had sent shockwaves across the state and national political circles. The mishap had claimed the life of then Maharashtra deputy chief minister and ex-Nationalist Congress Party (NCP) chief Ajit A. Pawar along with four others, making it one of the deadliest aviation incidents in the region in recent memory. Locals recall that similar trainer aircraft disasters involving RRFTA planes had occurred in the vicinity in the past, raising concerns over recurring technical failures and emergency landings dangerously close to populated areas. The aviation authorities are likely to examine whether mechanical failure, pilot error, or operational lapses led to today’s hard-landing at Baramati Airfield. Hazardous Airfield A preliminary probe report by the AAIB into the Learjet 45XR – owned by VSR Ventures Ltd – that crashed on Jan. 28 killing Ajit Pawar and others, had made certain stinging observations on the facilities at Baramati Airfield, managed and maintained by the Maharashtra Airport Development Co. Ltd. Besides the two private aviation training academies, it regularly handles non-scheduled operations, including Chartered/VIP flights. In a shocker, it also stated how the two ATC towers there are manned flying instructors or students, including training flights and VVIP operations.

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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