Latest news with #BAF
Telegraph
2 hours ago
- Telegraph
Military jet crashes into school campus in Bangladesh
At least one person died after a Bangladesh Air Force (BAF) training aircraft crashed into a school on Monday afternoon. Fire and smoke were seen billowing from the English-language campus, where the children were studying at the time. Twenty injured people have been taken to the National Institute of Burn and Plastic Surgery following the crash, officials told local media. Most of them are students. The F-7 BGI jet took off at 1.06 pm local time (8.06am BST), officials said. Minutes later, the plane crashed into the the Milestone College campus in Dhaka's northern Uttara area, a spokesman of Inter-Services Public Relations (ISPR), a media wing of the Bangladesh Army, said. It was unclear whether the pilots managed to eject before the plane went down. Firefighters reached the scene at around 1:22pm and rescuers worked to douse the flames and evacuate the injured, officials said. Abul Kalam Azad Majumder, a government spokesperson, told The Telegraph: 'There could be more deaths as college was open at the time of the incident. Several students have been injured.' A physics teacher of Milestone College told The Daily Star that he was standing near the 10-storey college building when the aircraft hit the campus. Shortly after 1:00pm, the plane crashed into the front side of the adjacent three-storey school building, trapping several students, he said. The teacher said he himself carried at least one injured student out of the building and saw several other students and a female teacher with severe burn injuries. A spokesman for the college said: 'The plane all of a sudden crashed in our Diabari campus. Fire engulfed the plane and students frantically rushed to the scene.' On May 9, a Bangladeshi Air Force pilot was killed and another was critically injured when a training aircraft crashed into the Karnaphuli River river in southeastern Chattogram. A mechanical malfunction was suspected in the crash of the Yak-130 jet, which caught fire before going down. The pilots ejected from the plane, but Asim Jawad, the squadron leader, died after undergoing treatment.
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Business Standard
20 hours ago
- Business
- Business Standard
One scheme no longer fits all: Sebi plans split routine as funds bulk up 7x
Watchdog flexes clone-and-cap fix as AUM bloat strains category limits premium Mumbai Listen to This Article Actively managed mutual fund schemes with assets over ₹50,000 crore have jumped from just two in March 2023 to 14 by June 2025 — a sevenfold leap. Powering this growth are buoyant equity markets and a steady stream of fresh inflows. Parag Parikh Flexi Cap and HDFC Balanced Advantage (BAF) now sit above the ₹1 trillion mark. In March 2023, only two schemes — HDFC BAF and SBI Equity Hybrid — had assets under management (AUM) of ₹50,000 crore. That 'mega' club is likely to swell further, with several more funds closing in on the ₹50,000 crore AUM line. As
Time of India
06-07-2025
- Business
- Time of India
Uncertainty set to end? Draft of new apartment law in Karnataka nearly ready
Bengaluru: With thousands of apartment residents facing legal uncertainty over ownership, maintenance, and land rights, the Karnataka govt has confirmed that the long-pending draft of a new apartment act is nearly ready. The urban development department said the document — prepared in consultation with apartment associations, legal experts and stakeholders — will soon be sent to ministers for approval. Tushar Giri Nath, additional chief secretary of the department, said: "The draft is almost ready. We've had meetings, taken inputs from the law department and apartment owners. Final touches are being given before it is sent to the ministers. There's no deadline, but it is in its final stage." The proposed legislation is expected to replace the outdated Karnataka Apartment Ownership Act (KAOA), 1972. Apartment associations and homebuyers are now pushing the govt to introduce the bill in the monsoon session of the legislature and bring long-overdue clarity to flat owners' rights and responsibilities. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru The issue was first taken up formally in July 2023 during a Brand Bengaluru session chaired by deputy CM DK Shivakumar, where more than 300 RWAs demanded comprehensive legal reforms. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Vikram Rai, president of the Bangalore Apartments' Federation (BAF), said: "The 1972 law is obsolete. Apartment living has changed massively over the last 25 years. If all inputs are in, the draft must go to the cabinet now — not later this year." Dhananjaya Padmanabhachar, convenor of the Karnataka Home Buyers Forum, said Karnataka remains one of the few states without clear guidelines under Rera for registering associations of allottees or transferring common areas. "Because the govt failed to act, buyers were forced to approach courts. This law is urgently needed." --- Boxe 1 Key suggestions by BAF -Amend KAOA rules to guarantee conveyance of the entire property (land, flats, and assets) to owners -Appoint a competent authority and set up a dedicated enforcement department -Create a clear legal model for the functioning of owners' associations --- Box2 Why homebuyers want new act -For legal recognition of owners' associations -To enable representation in consumer forums, Rera, and courts -To provide a framework to manage funds and common areas -To ensure legal recourse for both owners and associations in case of disputes or dues
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Business Standard
19-06-2025
- Business
- Business Standard
Balanced Advantage Funds: Ensure fund's strategy matches your risk appetite
Conservative investors should prefer a valuation-based approach, while those with a higher risk appetite should go for a fund focused on momentum premium Himali Patel Mumbai Listen to This Article HDFC Balanced Advantage Fund (BAF) recently crossed Rs 1 trillion in assets under management (AUM), becoming the second actively-managed scheme after Parag Parikh Flexicap to reach this milestone. The balanced advantage category (also called dynamic asset allocation funds) is also approaching Rs 3 trillion in assets. It had assets worth Rs 299,506 crore on May 31, according to the Association of Mutual Funds in India (Amfi). Why investors are drawn to BAFs Balanced advantage funds dynamically adjust equity and debt allocation in response to market conditions. 'This flexibility lets investors participate in market growth while the fund aims to manage downside risks,
Hindustan Times
05-06-2025
- Health
- Hindustan Times
World Environment Day 2025: Bengaluru RWAs lead the way with rainwater harvesting, solar power, and eco-friendly cutlery
As the world marks World Environment Day on June 5, communities across the globe are being urged to take action under the 2025 theme 'Ending Global Plastic Pollution'. In Bengaluru, several Resident Welfare Associations (RWAs) are setting examples of sustainable urban living through innovative, community-led green initiatives. Another RWA operates one of the largest residential solar power systems in the city, with a capacity of 178 kW. The clean energy generated caters to common area needs and offsets nearly 50% of the total electricity consumption, substantially reducing the community's carbon footprint. Yet another residential community is focusing on waste management. Garden, floral, and electronic waste are segregated and processed. The community also reuses cutlery, under its in-house initiative, 'Rent-a-Cutlery', which provides reusable utensils for eco-friendly events organized by other residential complexes. In a notable case, one resident has designed an aerated apartment model that impressed the Bangalore Water Supply and Sewerage Board (BWSSB), which is now considering replicating the idea in other developments, Vikram Ray, president of Bengaluru Apartment Federation (BAF), told The model uses water aerator taps that reduce the flow of water and also decrease water consumption. "BAF is supporting the BBMP (Bruhat Bengaluru Mahanagara Palike) Climate Action Cell in celebrating World Environment Day by curating the Bengaluru BluGreen Showcase 2025, an event on June 6, which is a coming together of various RWAs and homebuyer initiatives to display a variety of climate impact initiatives undertaken by them," Ray said. Also Read: World Earth Day 2025: Environmental experts highlight planning as essential for sustainable urban development At Century Saras Apartments, residents can meet the water needs of all 128 units for at least one month during the 3–4 month monsoon season without tapping into borewell resources. "'Every three days, our 1-lakh-litre rainwater tank fills up. This water is then filtered and used for drinking purposes. We also collect greywater, which is treated in our Sewage Treatment Plant (STP), aerated, and purified before being redirected into our water tanks," Shivananda Prabhu, president of Century Saras Apartment Association, told Through these efforts, the residents save around 1.25 crore litres of water annually compared to other apartments. Considering that, as per BBMP guidelines, each apartment typically consumes 3 lakh litres of water per year, we are saving nearly 30% of our water usage across the entire apartment complex," he said. Also Read: Act against environment laws violating projects: NGT to Greater Noida authority Sowmya Raghavan, who oversees waste management at White House Apartments, shared that the project has one of the largest residential solar plants in the city with a capacity of 178 kW. The power generated is used for common areas and contributes around 50% of the total power consumption. "Beyond power, the residents have also implemented a comprehensive waste management system. Garden, floral, and electronic waste are segregated and processed separately. We use reusable cutlery, supported by their in-house brand, Rent-a-Cutlery, which provides reusable utensils to other communities organizing eco-friendly gatherings and replaces the disposable ones,' said Raghavan. The cutlery initiative, originally run by the RWA, was later shifted under a trust set up during the COVID-19 period for better accounting and fund management. Revenue from the initiative is directed toward welfare activities. For instance, the community recently purchased laptops worth ₹36,000 for underprivileged children, partially funded through the ₹25,000 raised from renting and selling cutlery. Their cutlery bank has even supported sustainable weddings, powering two such events so far in Bengaluru. Environmental experts say that resident welfare associations (RWAs) are playing an important role in driving change at the community level in terms of environmental conservation. "However, it is essential for RWAs to not only focus on what they are already doing but also to educate members about traditional practices and their long-term benefits. Their vision must go beyond the boundaries of their housing societies. Instead of limiting their efforts to internal water harvesting systems, which are often minimal, they should become active stakeholders in preserving larger ecological assets like wetlands, lakes, and reservoirs," Akash Vashisht, advocate, National Green Tribunal (NGT) said. Experts say that RWAs, by virtue of their representative structure, have access to skilled individuals, committed leadership, and a sizable population. Their participation is urgently needed, especially as Indian cities continue to struggle with ecosystem degradation and increasing pressure on natural resources, Vashisht said.
