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By:

Commodore S.L. Deshmukh

31 October 2024 at 3:00:19 am

The School That Changed India

In the closing decades of the 19th century, education in India was less a public good than a colonial instrument. The British administration had little interest in creating a broadly educated society. Inspired by the logic of the 1854 Wood’s Dispatch, it sought instead to cultivate a narrow English-speaking elite capable of staffing the lower rungs of the imperial bureaucracy. Schools and colleges produced clerks, not citizens. For the overwhelming majority of Indians, education remained an...

The School That Changed India

In the closing decades of the 19th century, education in India was less a public good than a colonial instrument. The British administration had little interest in creating a broadly educated society. Inspired by the logic of the 1854 Wood’s Dispatch, it sought instead to cultivate a narrow English-speaking elite capable of staffing the lower rungs of the imperial bureaucracy. Schools and colleges produced clerks, not citizens. For the overwhelming majority of Indians, education remained an unattainable privilege rather than a pathway to opportunity. Stifled Aspirations If men faced exclusion, women confronted near-total invisibility. The 1891 Census recorded female literacy at a microscopic 0.42 percent, compared with 8.44 percent for men. Formal education was largely confined to daughters of affluent, progressive urban households. For rural women and those from disadvantaged communities, schooling scarcely existed. Child marriage, rigid patriarchal customs and the confinement of women to domestic life combined to ensure that literacy remained a distant aspiration. Yet, history changes because individuals decide that prevailing assumptions deserve to be challenged. The latter half of the 19th century witnessed the emergence of Indian social reformers who questioned inherited orthodoxy. Figures such as Raja Ram Mohan Roy began attacking customs that denied women dignity and opportunity. Their campaigns met fierce resistance from conservative opinion while operating within the constraints of colonial rule. Nevertheless, they planted the intellectual foundations for one of modern India's most profound social transformations. Among those who carried that movement to its logical conclusion was Maharshi Dhondo Keshav Karve. Born in 1858 in Sheravali village in Maharashtra’s Ratnagiri district, Karve’s early life offered little indication that he would become one of India’s greatest educational reformers. Raised in modest circumstances, he pursued learning with remarkable determination, graduating in mathematics from Mumbai’s Elphinstone College before teaching at Pune’s Fergusson College. It was there that he confronted the grim realities facing widows and women denied even the most basic educational opportunities. At a time when widow remarriage invited social ostracism and women’s education was dismissed as dangerous, Karve devoted himself to both causes. His conviction rested on the deceptively simple proposition that a nation could not hope to progress while excluding half its population from education. Women’s education was no charity but an investment in national development. That belief acquired institutional form in 1896 with the establishment of the Maharshi Karve Stree Shikshan Samstha in Hingne in Pune’s Karve Nagar. Its beginnings could scarcely have been humbler. The institution functioned from a tiny hut, admitting just four girls, many of them child widows whom society had effectively abandoned. Resources were scarce, public support limited and opposition intense. Yet Karve understood that enduring reform begins not with grand declarations but with functioning institutions. Radical Experiment The experiment steadily expanded. A women's school followed in 1907, where Karve’s own widowed sister-in-law, Parvatibai Athavale, became its first student - a deeply personal affirmation of his ideals. His greatest achievement arrived in 1916 with the founding of SNDT Women’s University, India’s first university dedicated exclusively to women. Long before phrases such as “women's empowerment” entered official vocabulary, Karve had already translated the concept into educational practice. Today, the Maharshi Karve Stree Shikshan Samstha educates more than 32,000 girls through dozens of institutions across Maharashtra, serving students from disadvantaged communities, tribal populations and economically weaker families. What began with four pupils in a hut has become one of India’s largest networks devoted exclusively to women's education. Its expansion tells a larger story about India itself. Educational reform succeeds not merely because governments legislate it, but because visionary individuals create institutions that outlive them. Karve’s legacy survived changing political regimes, economic upheavals and shifting social attitudes precisely because it rested on durable foundations rather than passing slogans. That legacy is preserved in the Maharshi Karve Museum in Pune, established on his 150th birth anniversary. The museum displays his personal belongings and chronicles a life defined not by dramatic gestures but by extraordinary perseverance. Visitors encounter more than the biography of a reformer; they encounter the origins of an educational revolution that quietly reshaped Indian society. India today debates artificial intelligence and global university rankings. These conversations risk obscuring a more fundamental truth. The country’s educational transformation began not with technology or policy frameworks, but with a moral conviction that every individual deserves the opportunity to learn. And Karve recognised that principle long before it became fashionable. (The author is a retired naval aviation officer and a defence and geopolitical analyst. Views personal.)

Lateral upgrade to ailing annihilation

Updated: Oct 21, 2024

Lateral upgrade to ailing annihilation

Being the first person from the private sector to be appointed as chairperson of Securities and Exchange Board of India (SEBI) as part of the government’s lateral initiative, Madhabi Puri Buch also holds the honour of being the first woman to hold the top post as capital market regulator.

But the laurels that the former private sector banker enjoyed in her earlier stint with ICICI Bank, was marred with allegations that she and her husband were having a stake in offshore entities, which were used to artificially inflate shares of Adani group companies.

Terming the allegation as `character assassination, Buch clarified that all disclosures have already been furnished and the fund in question did not invest in any securities involving the Adani group.

When it rains, it pours. This allegation was subsequently followed by Congress Party allegation that Buch had received salary and post-retirement benefits from ICICI Bank after she quit the private sector bank.

In its clarification to the stock exchanges, ICICI Bank asserted that the payments made to Buch were purely retirement benefits after her exit from the bank and they were neither salary nor employee stock options.

Prior to these allegations, Buch tenure at SEBI was all about bringing in quick reforms on operational issues by changing the format of consultation paper to bring in larger responses digitally. Being data savvy, the rationale of her decisions were democratic based on big data analysis derived from the responses received to the consultation papers.

Further she bifurcated the duties of the SEBI staff between operations and enforcement, which were done by the same persons earlier. Having worked for the private sector in the capital market domain space, Buch had a better understanding of the subject compared to officers from the administrative service in the past that reflected even in her orders as a whole-time director at SEBI before becoming the chairperson. As a whole time director at SEBI, her orders on adjudication issues were more directional to the capital market space, according to experts in the compliance space. She was also quick to revamp the old provisions of the 90s at SEBI.

Being tech and data savvy, Buch enhanced regulatory surveillance and detection of market manipulation, insider trading and fraud while also emphasizing on strengthening corporate governance by introducing stricter rules for independent directors and enhancing disclosures for related-party transactions.

To put in perspective, the annual report of the capital market regulator in the just concluded financial year revealed that the number of investigations related to insider trading jumped to 175 in 2023-24 from 85 in the preceding year while probes related to front running jumped over three times to 83 from 24 in the preceding year.

Transparency in mutual funds by implementing measures to protect retail investors along with tightening norms for initial public offers, particularly in the SME platforms were some of her other positive initiatives including confirmation of denial of any market rumours within 24 hours for the top 100 listed companies which will be extended to top 250 companies from December 1. However increased transparency and compliance with tightening regulations led to increased operational costs for the market participants and hence faced resistance from certain quarters. Born in 1966, Buch completed her primary education in Mumbai and graduated with specialization in Mathematics from Delhi and later obtained a management degree from Indian Institute of Management, Ahmedabad. In between, she got engaged to Dhawal Buch, a director at a consumer goods multinational at the age of eighteen and got married at the age of 21.

Besides ICICI Bank, Buch also worked as a lecturer at a college in England, worked at Greater Pacific Capital in Singapore and ICICI Securities as its CEO. She also worked as executive director on several private sector companies and as a consultant for New Development Bank (Brics Bank).

What now remains to be seen, is whether Buch, who survived the 26/11 terror attack when she along with her husband, was attending a meeting at Taj, be able to overcome the current ordeal. Keeping fingers crossed for the times to come.

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