Employee says the fire alarm did not go off

Many officials could not use fire extinguishers Mumbai: In a tragic incident a large fire broke out in the basement of Aaykar Bhavan, the Income Tax office located on Maharshi Karve Road at Churchgate in Mumbai on Monday. According to the sources, the fire broke out at 1:30 pm, but the Mumbai Fire Brigade received the initial call at 2:01 pm and officially declared it as Level-I fire around 2:15 pm. No casualties were reported in the incident and all the employees were rescued from the...

min read

Employee says the fire alarm did not go off

Many officials could not use fire extinguishers Mumbai: In a tragic incident a large fire broke out in the basement of Aaykar Bhavan, the Income Tax office located on Maharshi Karve Road at Churchgate in Mumbai on Monday. According to the sources, the fire broke out at 1:30 pm, but the Mumbai Fire Brigade received the initial call at 2:01 pm and officially declared it as Level-I fire around 2:15 pm. No casualties were reported in the incident and all the employees were rescued from the building. As the building has a centralised air conditioning system and all the windows were closed the smoke from the fire spread rapidly throughout the building. The thick smoke also spread to the surrounding areas pf the building. Around 23 vehicles of the Mumbai Fire Brigade (MFB) were engaged under the intense operation to extinguish the fire from different gates at the building. Backup ambulances police officials, and the BEST staff, were also seen at the site. The MFB deployed a DFO, ADFO, three Senior Station Officers and two Station Officers, along with three fire engines, one CFF, three jet units, one AWTT, one MWT, one WQRV, one TTL and one ALP. Specialised equipment including aerial ladder platform was deployed to evacuate people from the upper floors. Two people, a male and a female were rescued from the Guest House at the seventh floor of the building. Firefighters were successful in rescuing the staff on the lower floors as well. According to an employee, who requested anonymity said, “The fire broke out at 1:30 pm when the staff was having lunch, but the fire alarms did not go off.” “We were not allowed to exit from the main gate,” he added. The employee said, “The fire was confined to the basement and the smoke went up to all the floors of building.” Asked about the loss, the employee said, “As the fire broke out in the godown no person was injured. But the records kept in godown that are mostly old records have been burnt.” When asked about the fire drill protocol, the employee said, “The office staff did not know how to use the extinguishers, a possible reason why the fire’s intensity kept increasing.” Officials did not confirm the cause of the fire and or damage caused in the basement area. The Aaykar Bhavan, Income Tax office is multi-storey government building that serves as a workplace for a large number of Income Tax officials.

Why Women Are Better Investors Than Men

Kaustubh Kale
Mar 9, 2025
2 min read

Updated: Mar 10, 2025

As the world celebrated International Women's Day, discussions centered around women's achievements in various fields—business, leadership, science, and beyond. But one area where women consistently outperform men, yet receive little recognition, is investing.

Despite money management often being seen as a male-dominated field, women have quietly and consistently proven to be better investors than men. With patience, discipline, and a long-term mindset, women naturally possess qualities that make them superior money managers.

A Perfect Blend of Knowledge and Wealth

In Hindu mythology, Goddess Saraswati symbolizes knowledge, while Goddess Lakshmi represents wealth—two essential pillars of investing. The ability to manage wealth wisely stems from a deep understanding of financial principles, and this is where women excel. They take the time to learn, analyze, and make informed investment decisions rather than rushing into trends or speculation.

Why Women Make Better Investors

Several traits make women stand out as investors:

Patience and Long-Term Vision: Unlike men, who may be more prone to impulsive trading and get-rich-quick schemes, women tend to have a longer term mindset. Their ability to stay calm, especially during market fluctuations, leads to better returns over time.

Disciplined and Goal-Based: Women prioritize consistent savings and goal-based investing. This disciplined approach helps them build wealth steadily. Women naturally excel at budgeting, planning, and structuring investments to align with future goals, whether it’s children’s education, home buying, or retirement security. Their emotional connection with goals is what makes them stick to discipline.

Risk-Aware, Not Risk-Averse: Contrary to the stereotype, women are not afraid of risks—they are just more calculated about them, through appropriate asset allocation. Eventually, this approach ensures maximum returns with minimal risks.

Trust and Willingness to Learn: Women value education and expertise, making them more likely to seek guidance from a well-qualified financial advisor. Unlike men, who often overestimate their investing abilities, women approach financial decisions with a willingness to learn. Once they find a trusted expert, they follow sound advice instead of making emotional, short-term moves.

Women Leading the Financial World

These qualities are why many of the world’s leading financial institutions are now led by women. In India and abroad, we see prominent banks, asset management companies, and investment firms thriving under female leadership. Their ability to combine strategic thinking with emotional intelligence makes them exceptional at managing money—both at a personal and professional level.

Final Thoughts

With their trust in expert advice and a strong focus on financial education, more women should embrace their strengths and take control of their financial futures!