The name is actually an acronym for Binoy, Badal and Dinesh - the for three young Indian independence activists who on 8 December 1930 shot dead the Inspector General of Prisons, N.S. Simpson, in the balconies of the Writers' Building. The place is also well known as Dalhousie Square even today after Lord Dalhousie, the Governor General of undivided India from 1847 to 1856. The area is the Central Business District of Kolkata.