Fractured Fortress

Jan Suraaj chief Prashant Kishor’s emphatic victory in the Bankipur by-poll, that ended three decades of uninterrupted BJP dominance, is a classic instance when even the safest urban strongholds of a comfortably ensconced ruling party are no longer immune to local discontent and shifting social coalitions. That said, the parallels between Bankipur and the 2023 Kasba Peth bypoll are too striking to dismiss as isolated by-election quirks. In the latter case, the BJP had similarly conceded a...

min read

Jan Suraaj chief Prashant Kishor’s emphatic victory in the Bankipur by-poll, that ended three decades of uninterrupted BJP dominance, is a classic instance when even the safest urban strongholds of a comfortably ensconced ruling party are no longer immune to local discontent and shifting social coalitions. That said, the parallels between Bankipur and the 2023 Kasba Peth bypoll are too striking to dismiss as isolated by-election quirks. In the latter case, the BJP had similarly conceded a seemingly surefire seat that had remained in its grasp since 1995. Both defeats followed the departure of long-serving legislators. Both occurred in constituencies where the BJP began as the overwhelming favourite. By-elections are notoriously unreliable predictors of general elections as their turnout is generally lower, and local grievances loom larger while voters often feel freer to register dissatisfaction without changing governments. Yet they remain valuable political barometers because they reveal the health of party organisations beneath the sheen of national leadership. Bankipur is especially significant because like Kasba Peth in Pune, it represented the party’s urban, upper-caste heartland in Bihar. Prashant Kishor’s victory, therefore, carries symbolism beyond its numerical margin. Making his electoral debut, he converted what had long been considered an impregnable BJP constituency into the Jan Suraaj Party’s most consequential victory. The explanation lies less in ideological realignment than in coalition management. The BJP has, in recent years, sought to broaden its social base by expanding its appeal among the lower caste, economically disadvantaged caste groups. That strategy has served it well nationally, particularly in states where expanding beyond traditional support was essential for electoral growth. Yet every expansion creates new anxieties among an established base. Just as in the Kasba bypoll, the Bankipur result suggests that sections of upper-caste voters, long regarded as among the BJP’s most dependable supporters, felt increasingly alienated. Their perception was that the BJP’s electoral calculations had shifted decisively towards cultivating newer caste constituencies. Kasba Peth offered an earlier version of the same lesson. The BJP entered the contest expecting organisational strength and historical advantage to outweigh local dissatisfaction. Instead, the opposition successfully transformed the by-election into a referendum on complacency, exploiting organisational fatigue and local resentment. Bankipur appears to follow a similar script. Candidate selection became contentious, local anti-incumbency lingered beneath the surface, and the opposition presented itself as the vehicle for voters seeking to send a message rather than engineer a regime change. While this, in no way, implies an imminent collapse of the BJP’s broader electoral dominance, dominant parties ignore by-election warnings at their peril. Safe seats are valuable not because they guarantee victories, but because they reveal the strength of a party’s deepest political relationships.

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!