What's hidden behind the name "F.A.L.T.U"?

The name of the movie F.A.L.T.U stands for "Fakirchand and Lakirchand Trust University". It is also the name of the university created by the protagonists of the film. 

The followings are some interesting facts concerning on the name of this movie:

• "Fakir" in Hindi means "poverty". This is why at [00:32:13] of the film, Naj disagreed with Puja to name their university with Fakirchand, claiming it sounds too poor
• "Fakirchand" is a Hindi slang meaning "A born loser", "miser", or an "idiot"
• The name "Fakirchand" is also in fact the name of the existing liberal arts college in Kolkatta, India. 
• "Lakir" in Hindi means "line/border", and so Naj likes this name better because it makes "Lakirchand" sounds smart and good at mathematics
• The term "FALTU" in Hindi actually means "worthless"