Manipal: Tonse Mohandas Pai passes away at 89
Manipal: One of the most prominent members of Manipal’s Pai family, Tonse Mohandas Pai passed away on Sunday evening at a hospital in Manipal. He was 89.
He was recently admitted to a hospital in Manipal due to ill health where he breathed his last on Sunday evening.
Tonse Mohandas Pai was associated with several organisations including Dr. TMA Pai Foundation, MGM College’s Trustee, ICDS Limited, Manipal Media Network Limited, and others.
Tonse Mohandas Pai was born on June 20, 1933, and was the eldest son of Dr. TMA Pai. He is an alumnus of MGM College, Udupi having studied in the very first intermediate batch during 1949-51 when the college started on the premises of the Mahatma Gandhi School run by the Udupi Municipal Council. After Intermediate he attended a course in law in Kolhapur (1951-53) securing the First Rank from Poona University and then he decided to become an entrepreneur in Manipal.
He joined the family business in 1953 as the General Manager of Canara Land Investments (which was running the Tile Factory in Manipal) and took additional responsibilities at Manipal Power Press as Managing Partner where he was later joined by Satish Pai in the year 1957.
He has largely been responsible for the safekeeping of Dr. T.M.A. Pai’s belongings in Smrithi Bhavan in Manipal the museum devoted to the memory of Dr. T.M.A. Pai. An upright person in matters of public life he is highly respected for his straightforwardness, and independent decisions. A great lover and connoisseur of art, he is also deeply interested in Indian heritage and is responsible with Vijaynath Shenoy in launching the Hasthashilpa Heritage Village in Manipal a multi-dimensional cultural project which aims at restoration and conservation of the nation’s cultural wealth expressed in the form of traditional buildings and objects of art, craft and other artifacts of aesthetic interest, some dating several hundred years ago.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Rajya Sabha passes The Protection of Interests in Aircraft Objects Bill
New Delhi (PTI): Rajya Sabha on Tuesday passed The Protection of Interests in Aircraft Objects Bill, 2025 that seeks to give legal effect to certain international agreements in their application to India.
Replying to the discussion on the bill, Minister of Civil Aviation Kinjarapu Rammohan Naidu said the legislation will create a lot of security for both the lessors and the lessees and the overall aviation market also because there has been a lot of confusion in this area. It has been a grey area for sometime.
"With the bringing of this bill, definitely it is going to create a lot more clarity. We hope this is going to give a lot of push for the leasing industry, which is the need of the hour. There is an immediate need for this bill to be there in the industry," he said.
The bill seeks to give legal effect to certain international agreements in their application to India, which includes Convention on International Interests in Mobile Equipment (also known as Capetown Convention of 2001) and Protocol to the Convention on International Interests in Mobile Equipment on Matters specific to Aircraft Equipment. India had acceded to these in 2008.
The Bill states that before exercising any remedy, the creditor must notify the Directorate General of Civil Aviation (DGCA) about the occurrence of a default.
In cases of a default, it gives creditors certain remedies, including the right to take back possession of the asset within two months or a mutually agreed upon period, whichever is earlier.
"This is a very important Bill which the industry needs today. It is going to change the aviation landscape of the country," the aviation minister said.
The Bill was introduced in the upper house on February 10 this year.
"The whole reason we are bringing this Act is to give force of law to the Capetown convention and protocol. If you see the majority, other than giving the force of law, it contains the Capetown convention, it contains the aircraft protocol and the declaration which we are signing, abiding ourselves to both the convention and protocol as a signatory to the International Civil Aviation Organisation," the minister said.
The convention and the protocol aim to bring uniformity in securing rights for high-value assets such as aircraft, helicopters and engines.
