New Names, Old Realities

Renaming hostels may soothe stigma, but it does little to fix the conditions that define students’ lives AI generated image Pune: Recently, the Social Justice and Special Assistance Department decided to excise the term ‘Backward Class’ from the names of its government hostels and rechristen them after revered historical figures. While the move to replace them with names that evoke dignity and achievement is, on the face of it, a step towards psychological emancipation, it is also a reminder...

min read

Renaming hostels may soothe stigma, but it does little to fix the conditions that define students’ lives AI generated image Pune: Recently, the Social Justice and Special Assistance Department decided to excise the term ‘Backward Class’ from the names of its government hostels and rechristen them after revered historical figures. While the move to replace them with names that evoke dignity and achievement is, on the face of it, a step towards psychological emancipation, it is also a reminder of a familiar tendency in public policy: to mistake symbolism for substance. Across Maharashtra, more than 400 such hostels house thousands of students from rural, tribal and economically weaker backgrounds. For many, these institutions are not mere lodgings; they are the first foothold in an unfamiliar urban landscape, the fragile bridge between deprivation and opportunity. If India’s promise of social mobility is to mean anything, it must begin in places such as these. Sobering Reality But the reality within their walls is sobering. In numerous hostels, access to clean drinking water remains erratic; during the punishing summer months, students rely on water tankers. Sanitary facilities are often in disrepair, with broken drainage systems and irregular cleaning. Food, a basic determinant of health and cognitive ability, is frequently reported to be of poor quality, nutritionally deficient and sourced from substandard supplies. Regular health check-ups are rare, and medical emergencies are handled with alarming uncertainty. These are not minor administrative lapses. They strike at the heart of what ‘social justice’ purports to achieve. A system that promises uplift but delivers neglect risks entrenching the very inequalities it seeks to erase. The contradictions extend beyond infrastructure. In the name of safety, some hostels lack even basic surveillance, while others deploy it in ways that constrain students’ autonomy. Communication between staff and residents is often strained, marked by indifference rather than empathy. Urban hostels, predictably, fare somewhat better. Rural ones lag far behind, reflecting the broader unevenness of state capacity. More troubling still is the creeping culture of control. Under the guise of discipline, students are discouraged and sometimes explicitly threatened from participating in social or political movements. This is a sharp departure from the historical role these hostels once played. They were incubators of ideas, crucibles of leadership and, at times, engines of social change. It was in such spaces that B. R. Ambedkar’s exhortation of “Educate, Agitate, Organize” found its most fertile ground. Education, in this conception, was never meant to be a narrow accumulation of degrees. It was a means to awaken critical consciousness, to challenge hierarchy and to imagine new social arrangements. To strip hostels of this spirit while polishing their names is to honour Ambedkar in form while neglecting him in substance. The government’s decision to rename these institutions after great icons underscores this tension. Names can inspire, but they also impose a standard. A hostel that bears the name of a social reformer or national leader implicitly promises to embody the values associated with that figure. When the infrastructure falls short, the tribute rings hollow. Meaningful Reforms What, then, would constitute a more meaningful reform? The answer is neither obscure nor prohibitively expensive. Dedicated funding for infrastructure upgrades is a starting point. Annual social audits could ensure accountability, while student representation in management would bring much-needed responsiveness. Regular health services and counselling, nutritional monitoring of meals, and access to digital libraries and competitive-exam guidance would transform these hostels from mere shelters into genuine platforms for advancement. The sums involved are modest when set against the scale of public expenditure. Governments routinely announce schemes worth thousands of crores. That a comprehensive plan to improve institutions affecting thousands of vulnerable students has yet to materialise suggests a failure not of resources, but of prioritisation. To be sure, language is not trivial. The removal of a term that connotes backwardness may, over time, chip away at internalised hierarchies. But it cannot substitute for clean water, safe sanitation or intellectual freedom. Nor can it compensate for a system that disciplines initiative rather than nurturing it. The deeper question is whether social justice is understood as a matter of optics or outcomes. If it is the former, then renaming hostels is progress enough. If it is the latter, then the task is far more demanding. It requires policy-level resolve, administrative competence and, above all, the willingness to confront uncomfortable truths about the state of public institutions. For now, the risk is that the signboards will change while the lived experience remains stubbornly the same. Maharashtra’s students deserve better. A hostel, after all, is not merely a place to sleep. It is a university of life that shapes aspirations and builds resilience.

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!