Latest news with #Shirsath
Indian Express
4 days ago
- Indian Express
Two police officers, three fire brigade personnel from Pune awarded President's Medal
TWO POLICE officers currently posted in Pune and three, including an officer and two personnel from the Pune fire brigade, have been awarded the President's Medal for meritorious and distinguished service on the eve of Independence Day. In a rare distinction, Rajendrasinh Gaur, recently posted as Deputy Superintendent of Police with Pune Rural, has been awarded his second President's Medal. In 2018, he was awarded the President's Medal for meritorious service and has now been awarded it again for distinguished service. Gaur, who was earlier posted as Assistant Commissioner of Police with Pimpri Chinchwad police, also won awards at the Police Training Academy before joining Maharashtra police. He has been posted in Latur, Hingoli, Solapur police and Anti Terrorism Squad (ATS), among key appointments. Assistant Sub Inspector Sanjay Shirsath, currently posted with the Economic Offences Wing, has been awarded the President's Medal for meritorious service. In his career spanning over 32 years, Shirsath has received a total of 291 awards and commendations for exemplary work. As part of his current posting, Shirsath has been instrumental in the investigation and filing of chargesheet in five sensitive cases. Station Duty Officer Subhash Jadhav, Fire Engine Driver Ramchandra Gosavi and Fireman Chagan More have been awarded the President's Medal for meritorious service. All the three fire personnel have been part of several high risk and sensitive operations of the Pune Fire Brigade in the past.
Hindustan Times
14-06-2025
- Hindustan Times
Auto driver attempts to run over traffic DCP at GB road, arrested
THANE: A 27-year-old auto-rickshaw driver was arrested on Thursday night for allegedly attempting to run over the deputy commissioner of police (Traffic), Pankaj Shirsath, while he was managing traffic at Ghodbunder Road on Wednesday night. The incident occurred around 9.20pm when DCP Shirsath and other traffic police personnel were regulating traffic along the busy stretch at Manpada. The accused, Hemant Santosh Verma, reportedly ignored instructions from the traffic police and sped his rickshaw directly toward the DCP and hit him. Shirsath suffered serious injuries to his shoulder and was immediately taken to the Bethany Hospital in Vartak Nagar. He was under medical observation for a day before being discharged. 'This was not an accident. It was a deliberate act that endangered the life of a senior officer in uniform. When the accused realised his fault, he fled from the spot. We immediately formed a team to arrest the accused, ' said an officer from Chitalsar police station. An FIR was registered based on a complaint lodged by Nayan Pandav, 27, a traffic police officer who witnessed the incident. The police have registered a case under sections 109 (attempt to murder), 281 (rash driving), 125 (carelessly endangers human life or safety), and 132 (assaulting a public servant to deter them from performing their duty) of the Bharatiya Nyaya Sanhita, 2023, as well as 184 (dangerous driving), 179 (disregarding a lawful order), and 125 (obstruction of driver) of the Motor Vehicles Act. Following a swift investigation, the police tracked and arrested Verma around 10.15pm on Thursday. 'We acted quickly using CCTV footage and witness accounts. We will present the accused before the court, and ensure all legal steps are being followed,' said police sub-inspector Prashant Sangle, the investigating officer of the case.
Time of India
13-06-2025
- Time of India
On-duty senior traffic cop, a Deputy Commissioner of Police, lands in hospital after being hit by a rickshaw; auto driver held in Maharashtra's Thane city
Thane: A senior traffic police official landed in the hospital after he suffered serious injuries after being hit by an auto in Thane while he on duty, leading to the arrest of the accused driver, officials said on Friday. The incident took place around 10 pm on June 11 when Deputy Commissioner of Police (Traffic) Pankaj Shirsath was managing traffic on the Thane-Ghodbunder Road, they said. "While DCP Shirsath was at work, a speeding auto rickshaw hit him allegedly with the intent to kill. The official suffered serious injuries and was rushed to a hospital at Vartak Nagar for immediate treatment," an official said. The rickshaw driver fled from the scene, but the police soon nabbed and arrested him. A case was registered against the accused under multiple sections of the Bharatiya Nyaya Sanhita (BNS) and the Motor Vehicles Act, the spokesperson of Thane police said, adding that a probe was underway. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
Yahoo
31-05-2025
- Business
- Yahoo
Sidheshwar Shirsath, centre, sits with his wife, Manisha, and their son, Soham, 6, as they examine gold jewelry in their Mumbai home. Shirsath, who works as a driver, began buying the jewelry nine years ago as a solid investment for his family's future. In recent months, the price of gold has skyrocketed.
Sidheshwar Shirsath, who lives in the suburbs of India's financial capital, Mumbai, first started buying gold when he got married nine years ago. Shirsath, 35, works as a driver and earns about 55,000 rupees ($889 Cdn) a month. He decided that gold might be a good way to build a nest egg for his family's future. Whenever he had some cash to spend, he purchased gold jewelry, including rings and bangles, and he now has about 130 grams of gold, worth more than one million rupees ($16,000 Cdn). "Sometime after I first bought gold, the rates started increasing, so my interest in investing in it also grew," Shirsath said. In recent months — to his delight — the price has skyrocketed. Gold globally was trading at $3,298 US an ounce on Friday morning, up more than 25 per cent since the start of the year, and up 42 per cent compared with a year ago. Gold's value globally has surged amid global economic uncertainty and geopolitical tensions, including concerns about the impact of U.S. President Donald Trump's tariff policy. The precious metal is often seen as a "safe haven" asset that investors flock to during periods of economic turbulence. In India, the price has risen even more sharply and is up 30 per cent since the beginning of the year — with the additional increase driven by the rupee's depreciation against the American dollar. But for many Indians, like Shirsath, gold is more than an investment. "Gold is very close to Indian women," he said, his wife, Manisha, sitting next to him in their modest home, adorned with a heavy gold choker and gleaming bangles. "They need gold — especially for festivals and weddings." In India, gold is primarily purchased it in the form of jewelry because it can be a way of showing off one's wealth and status. The precious metal also holds enormous religious and cultural significance. It is part of the dowry in weddings, for example, and it is considered to be auspicious to buy gold during certain Hindu festivals. "India is a very unique market for gold ," said Sachin Jain, regional CEO, India, for the World Gold Council, a global industry association. "Gold is a part of the social fabric, and you don't need to be in any particular economic strata to consume gold. "We all in India have a family doctor, so to say, and we have a family jeweller." In rural India, where most of the country's 1.4 billion people still live — and with many not having easy access to bank accounts — gold is a popular way of storing savings, Jain said. All of this means that India is one of the world's largest consumers of gold, with the country's demand for the precious metal hitting about 800 tonnes a year. The steep price, however, is having an impact on the quantity of the metal that people are buying. "With jewelry consumption, whenever the price of gold goes up, the consumer waits and watches," Jain said. "The moment it gets a bit settled, we see consumers come back." The World Gold Council's data shows that demand for gold in India in the first three months of this year stood at 118.1 tonnes, down by 15 per cent compared with the first quarter of last year. But because the price is up, the value of the country's gold demand — which is the quantity of gold that is bought or invested — in the first quarter of this year actually rose by 22 per cent, to reach 940 billion rupees ($15.1 billion Cdn). "People are buying lower quantities," said Colin Shah, managing director of Kama Jewelry, a Mumbai-based manufacturer. "They all have budgets. If someone has $2,000 to spend, they'll spend that and buy a lower volume." But, he said, that gold has by no means lost its shine, despite its high price. "In India, there is a culture of gold, and nobody is going to stop buying gold because of pricing," Shah said. "Actually, they'll have more confidence in the category due to the return they are making on their money." With Indians' appetite to own gold showing no signs of easing, the government in recent years has taken a series of steps to try to ensure that gold is brought into the formal economy. These include lowering the import duty on gold last year to six per cent from 15 per cent, partly as a way of making it less attractive for people to smuggle gold into the country to avoid paying high taxes. The government also offers sovereign gold bonds as an alternative to physical gold. The World Gold Council's Jain said that Indians are increasingly investing in gold digitally, for example, through exchange-traded funds (ETFs) — and the price surge has only encouraged people to look at these options. "The young generation is getting more and more savvy, and with the ease of technology, we believe that investment into gold and gold assets is going to get a little more digital," he said. Gold investment demand, including ETFs, rose by seven per cent in India to 46.7 tonnes in the first quarter, according to the World Gold Council. JPMorgan forecasts that the price of gold could hit $4,000 US an ounce next year. Shirsath said that he and his family have more than enough jewelry now, but he still wants to keep buying gold. "My next plan is to buy gold coins or go for bonds." WATCH | Big box stores offer gold to customers as its popularity heats up: Sign in to access your portfolio
Yahoo
31-05-2025
- Business
- Yahoo
Gold is part of India's social fabric. As prices soar, customers watch, wait but, ultimately, still buy
Sidheshwar Shirsath, who lives in the suburbs of India's financial capital, Mumbai, first started buying gold when he got married nine years ago. Shirsath, 35, works as a driver and earns about 55,000 rupees ($889 Cdn) a month. He decided that gold might be a good way to build a nest egg for his family's future. Whenever he had some cash to spend, he purchased gold jewelry, including rings and bangles, and he now has about 130 grams of gold, worth more than one million rupees ($16,000 Cdn). "Sometime after I first bought gold, the rates started increasing, so my interest in investing in it also grew," Shirsath said. In recent months — to his delight — the price has skyrocketed. Gold globally was trading at $3,298 US an ounce on Friday morning, up more than 25 per cent since the start of the year, and up 42 per cent compared with a year ago. Gold's value globally has surged amid global economic uncertainty and geopolitical tensions, including concerns about the impact of U.S. President Donald Trump's tariff policy. The precious metal is often seen as a "safe haven" asset that investors flock to during periods of economic turbulence. In India, the price has risen even more sharply and is up 30 per cent since the beginning of the year — with the additional increase driven by the rupee's depreciation against the American dollar. But for many Indians, like Shirsath, gold is more than an investment. "Gold is very close to Indian women," he said, his wife, Manisha, sitting next to him in their modest home, adorned with a heavy gold choker and gleaming bangles. "They need gold — especially for festivals and weddings." In India, gold is primarily purchased it in the form of jewelry because it can be a way of showing off one's wealth and status. The precious metal also holds enormous religious and cultural significance. It is part of the dowry in weddings, for example, and it is considered to be auspicious to buy gold during certain Hindu festivals. "India is a very unique market for gold ," said Sachin Jain, regional CEO, India, for the World Gold Council, a global industry association. "Gold is a part of the social fabric, and you don't need to be in any particular economic strata to consume gold. "We all in India have a family doctor, so to say, and we have a family jeweller." In rural India, where most of the country's 1.4 billion people still live — and with many not having easy access to bank accounts — gold is a popular way of storing savings, Jain said. All of this means that India is one of the world's largest consumers of gold, with the country's demand for the precious metal hitting about 800 tonnes a year. The steep price, however, is having an impact on the quantity of the metal that people are buying. "With jewelry consumption, whenever the price of gold goes up, the consumer waits and watches," Jain said. "The moment it gets a bit settled, we see consumers come back." The World Gold Council's data shows that demand for gold in India in the first three months of this year stood at 118.1 tonnes, down by 15 per cent compared with the first quarter of last year. But because the price is up, the value of the country's gold demand — which is the quantity of gold that is bought or invested — in the first quarter of this year actually rose by 22 per cent, to reach 940 billion rupees ($15.1 billion Cdn). "People are buying lower quantities," said Colin Shah, managing director of Kama Jewelry, a Mumbai-based manufacturer. "They all have budgets. If someone has $2,000 to spend, they'll spend that and buy a lower volume." But, he said, that gold has by no means lost its shine, despite its high price. "In India, there is a culture of gold, and nobody is going to stop buying gold because of pricing," Shah said. "Actually, they'll have more confidence in the category due to the return they are making on their money." With Indians' appetite to own gold showing no signs of easing, the government in recent years has taken a series of steps to try to ensure that gold is brought into the formal economy. These include lowering the import duty on gold last year to six per cent from 15 per cent, partly as a way of making it less attractive for people to smuggle gold into the country to avoid paying high taxes. The government also offers sovereign gold bonds as an alternative to physical gold. The World Gold Council's Jain said that Indians are increasingly investing in gold digitally, for example, through exchange-traded funds (ETFs) — and the price surge has only encouraged people to look at these options. "The young generation is getting more and more savvy, and with the ease of technology, we believe that investment into gold and gold assets is going to get a little more digital," he said. Gold investment demand, including ETFs, rose by seven per cent in India to 46.7 tonnes in the first quarter, according to the World Gold Council. JPMorgan forecasts that the price of gold could hit $4,000 US an ounce next year. Shirsath said that he and his family have more than enough jewelry now, but he still wants to keep buying gold. "My next plan is to buy gold coins or go for bonds." WATCH | Big box stores offer gold to customers as its popularity heats up: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
