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By:

Bhalchandra Chorghade

11 August 2025 at 1:54:18 pm

Jaspal Rana taught India to aim higher

Indian sport lost one of its finest champions on June 12, 2026, with the untimely passing of shooting legend and coach Jaspal Rana at the age of 49. His death has left a void that will be difficult to fill, not only in Indian shooting but in the hearts of countless athletes, admirers and young dreamers who looked up to him as a symbol of excellence, discipline and perseverance. Born in the hills of Uttarakhand, Rana emerged as a prodigious talent at an age when most children are still...

Jaspal Rana taught India to aim higher

Indian sport lost one of its finest champions on June 12, 2026, with the untimely passing of shooting legend and coach Jaspal Rana at the age of 49. His death has left a void that will be difficult to fill, not only in Indian shooting but in the hearts of countless athletes, admirers and young dreamers who looked up to him as a symbol of excellence, discipline and perseverance. Born in the hills of Uttarakhand, Rana emerged as a prodigious talent at an age when most children are still discovering their interests. By his teens, he had already announced himself on the national stage and over the years he would go on to become one of India’s most decorated shooters. His remarkable achievements at the Asian Games, Commonwealth Championships and international competitions transformed him into a household name and brought unprecedented attention to shooting in India. Yet medals alone do not define Jaspal Rana’s legacy. What truly set him apart was his unwavering commitment to the sport long after his competitive career ended. As a coach, mentor and guide, he devoted himself to nurturing the next generation of Indian shooters. His influence can be seen in the success of numerous athletes, most notably Olympic medallist Manu Bhaker, whose achievements carried the unmistakable imprint of Rana’s guidance and belief. He possessed the rare ability to identify talent, instill confidence and demand excellence without losing sight of the human being behind the athlete. To his students, he was more than a coach. He was a teacher, protector and source of strength during moments of doubt. To colleagues, he was a respected professional whose passion for Indian sport was evident in every conversation and every training session. To fans, he represented an era when dedication and hard work could elevate a niche sport into the national spotlight. His sudden departure is a painful reminder of life’s fragility. But while Jaspal Rana is no longer with us, the values he championed — discipline, courage, humility and relentless pursuit of excellence — will continue to inspire generations. India mourns a champion. The shooting fraternity mourns a mentor. His family mourns a beloved husband and father. And the nation bids farewell to a man who spent his life helping others find their aim. Jaspal Rana’s final shot may have been fired, but his legacy will echo through Indian sport for decades to come.

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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