top of page

By:

Quaid Najmi

4 January 2025 at 3:26:24 pm

Maharashtra-Andhra play ‘cupid’ to lone tiger

Mumbai: In a warm gesture, the Maharashtra government has ‘in principle’ agreed to translocate two tigresses to the Papikonda National Park (PNP) in Andhra Pradesh, subject to clearance from the National Tiger Conservation Authority (NTCA), official sources said. The PNP is located in the Papi Hills of Eluru and Polavaram districts, and Maharashtra has responded positively to a request from the AP Deputy Chief Minister Pawan Kalyan. On Feb. 19, Kalyan, who holds the Environment & Forests...

Maharashtra-Andhra play ‘cupid’ to lone tiger

Mumbai: In a warm gesture, the Maharashtra government has ‘in principle’ agreed to translocate two tigresses to the Papikonda National Park (PNP) in Andhra Pradesh, subject to clearance from the National Tiger Conservation Authority (NTCA), official sources said. The PNP is located in the Papi Hills of Eluru and Polavaram districts, and Maharashtra has responded positively to a request from the AP Deputy Chief Minister Pawan Kalyan. On Feb. 19, Kalyan, who holds the Environment & Forests departments, had made a formal written request to Maharashtra Chief Minister Devendra Fadnavis, seeking two tigresses from the Tadoba-Andhari Tiger Reserve (TATR) of Chandrapur district. Citing the backgrounder, Kalyan said that on Jan. 20, a dispersing tiger from central India had entered AP state through the eco-sensitive zone of PNP tiger reserve, after traversing through Telangana. ‘Dispersing’ is the natural behaviour of young and independent tigers to leave their birthplace to carve their own territories, find mates and establish a new home. This prevents inbreeding, reduces competition on resources with their parents and enables genetic health of the larger tiger population in the wilds. The migrant tiger traversed over 650-kms through Eluru, East Godavari and Konaseema districts for nearly three weeks mostly through human dominated landscapes, when it was hunting for food also. “Though there were 20-22 instances of livestock depredation, no human injury was reported,” informed Kalyan, adding that the tiger passed through three States. Explaining the purpose for seeking two tigresses, Kalyan contended that it would boost inter-state wildlife conservation and sustainable tiger conservation in the Eastern Ghats landscape. Considering public safety and the NTCA’s Standard Operating Procedures the migrant tiger was tranquilized and safely captured on Feb. 6, 2026 through coordinated efforts of AP Forest Department, veterinarians and wildlife experts, he said. To keep track of his further movements, the tiger was fitted with a Satellite Radio Collar (SRC) and released in the PNP. Thereafter, the AP’s Expert Committee suggested release of two female tigers to facilitate breeding and territorial stability. After examining the issue in detail, Maharashtra’s Chief Wildlife Warden & Principal Chief Conservator of Forests (Wildlife) Marthala Shrinivasa Reddy informed Additional Chief Secretary (Forest), that the proposal may be considered ‘in principle’, subject to formal proposal by AP government to NTCA and approvals from the latter and preparations of a mutually agreed translocation and post-release monitoring. “The translocation of tigers from Maharashtra to another state involves inter-State transfer of Schedule-I wildlife and requires prior approval of NTCA and other competent authorities as prescribed under the Wildlife (Protection) Act, 1972 and relevant guidelines,” Reddy informed. Reddy said that while the male-female ratio in TATR is comparatively low, but the adjoining Chandrapur Forest circle possesses an adequate female tiger population, from where two suitable females could be considered for translocation after all statutory approvals and procedures are completed. After Reddy’s green signal, the state Deputy Secretary (Forests) Niketa Pande wrote to the AP’s Principal Secretary (Environment and Forest) about Maharashtra’s ‘in-principle’ approval, and requested to complete all other formalities at the earliest to provide mates for the solo tiger in PNP.

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.

Comments

bottom of page