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By:

Bhalchandra Chorghade

11 August 2025 at 1:54:18 pm

Panje wetland moves closer to legal protection

Navi Mumbai: The 289-hectare Panje-Dongari wetland in Uran, regarded by environmentalists as Maharashtra’s largest intertidal wetland, has moved a significant step closer to securing legal protection after the Raigad district administration completed a long-awaited ground verification process, environmental groups said. The development is being seen as a major milestone in the years-long campaign by conservationists to protect the ecologically sensitive wetland from reclamation and...

Panje wetland moves closer to legal protection

Navi Mumbai: The 289-hectare Panje-Dongari wetland in Uran, regarded by environmentalists as Maharashtra’s largest intertidal wetland, has moved a significant step closer to securing legal protection after the Raigad district administration completed a long-awaited ground verification process, environmental groups said. The development is being seen as a major milestone in the years-long campaign by conservationists to protect the ecologically sensitive wetland from reclamation and infrastructure-related pressures. The verification is part of the process required before wetlands can be formally notified under the Environment (Protection) Act. According to the NatConnect Foundation, the verification follows documentation by the Chennai-based National Centre for Sustainable Coastal Management (NCSCM), which has completed the ground-truthing of nearly all the 23,000 wetlands identified across Maharashtra under the National Wetland Inventory and Assessment (NWIA), prepared using 2006-07 satellite imagery. Environmentalists have repeatedly criticised the delay in completing the verification and notification process in the state. Rising Hopes A senior official of the State Wetland Authority, speaking on condition of anonymity, said that the Raigad Collector has cleared 11 of the 19 wetlands documented by NCSCM in the district, including the Panje wetland. The wetlands at Belpada and Bhendkhal have also reportedly progressed towards notification, raising hopes for their long-term conservation. The list approved by the Collector also includes wetlands in Panvel taluka at Kharghar, Taloja, Kharghar Sector 25, Kalamboli, Sinkar and Morave. However, government officials said wetlands at Sheva, Jaskhar, Murud Creek and the Mangrove Wetland Complex do not feature in the Collector’s current documents, leaving questions over their status. The Panje wetland has been at the centre of a prolonged legal and environmental battle. The Bombay Environmental Action Group (BEAG) founder and noted environmentalist Debi Goenka had earlier demonstrated, using the National Wetland Inventory and Assessment maps, that Panje qualified as a wetland despite claims to the contrary. “BEAG founder and noted environmentalist Debi Goenka was among the first to demonstrate, using the National Wetland Inventory and Assessment (NWIA) maps, that Panje qualified as a wetland despite claims to the contrary. His painstaking interpretation of the colour-coded satellite atlas greatly strengthened our case for Panje’s conservation,” said B N Kumar, Director, NatConnect Foundation. Happy Activists Welcoming the latest development, Nandakumar Pawar, Director of Sagar Shakti, who has led a prolonged legal battle to protect the wetland, said, “The 289-hectare Panje wetland is the largest intertidal wetland in the state. Its conservation is critical for protecting Uran’s fragile ecology.” Kumar described the verification as a vindication of sustained public efforts. “Panje has shown that persistence pays,” he said, while Pawar added that the focus must now shift towards securing legal protection for all of Maharashtra’s 23,000 mapped wetlands before they are lost to encroachment and development. Pawar warned that the destruction and reclamation of several wetlands in Uran, including the four-kilometre Jasai stretch, have already aggravated flooding in surrounding villages. He said extensive landfilling for the Dronagiri Node and other infrastructure projects has further worsened the ecological situation. The Collector’s report assumes significance amid continued opposition from CIDCO, which has maintained that several of these areas are former salt pans or agricultural land and are therefore suitable for development. Environmental groups, however, argue that irrespective of their historical land use, these ecosystems now perform critical ecological functions and deserve statutory protection. According to Kumar, although Panje—currently leased to NMSEZ, now NMIIA—has remained free from construction activity, the regular obstruction of tidal water flow causes the wetland to dry up periodically, threatening its ecological health. Environmental organisations including Vanashakti, Sagar Shakti, NatConnect Foundation, Navi Mumbai Environment Preservation Society, Save Navi Mumbai Environment and Kharghar Wetlands & Hills Forum have been pursuing legal and administrative interventions to secure protection for the wetlands. Highlighting their ecological importance, Pawar said wetlands not only support rich biodiversity but also serve as natural flood buffers, store significant amounts of carbon and sustain the livelihoods of traditional fishing communities. He stressed that notifying these wetlands is essential for strengthening the climate resilience of the Mumbai Metropolitan Region.

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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