Financial Benchmark Administrators

FBA shall be a company incorporated in India.
• FBAs shall maintain a minimum net worth of ₹ 1 crore at all times.

FBAs control the creation, operation and administration ‘benchmarks’ like prices, rates, indices, values or a combination thereof related to financial instruments that are calculated periodically and used as a reference for pricing or valuation of financial instruments or any other financial contract.

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Shramana tradition

Shramana means “seeker, one who performs acts of austerity, ascetic”. Shramana is a wandering monk in certain austere traditions of ancient India, including Jainism, Buddhism, and ajvika religion. The Shramana tradition gave rise to Jainism and Buddhism. The Shramanas adopted a path that is alternate to the Vedic rituals to achieve salvation, while renouncing domestic life. The Shramana tradition was responsible for the related concepts of saṃsāra (the cycle of birth and death) and moksha (liberation from that cycle). The Shramanas typically engaged three types of activities like austerities, meditation, and associated theories. Śramaṇas held a view of samsara as full of suffering (Dukka). They practiced Ahimsa and rigorous ascetism. They believed in Karma and Moksa and viewed rebirth as undesirable.

Barak River - surma - meghna

The Barak River is a 900-kilometre-long (560 mi) [1] [2] river flowing through the states of Manipur , Nagaland , Mizoram and Assam in India and into the Bay of Bengal via Bangladesh . Of the 900 km, 524 km is in India, 31 km on Indo – Bangladesh border and the rest is in Bangladesh. The navigable portion of Barak River in India, the 121 km stretch between Lakhipur and Bhanga has been declared as National Waterway 16, (NW-16) in the year 2016. [3] [4] The principal tributaries of the Barak are all in India and are the River Sonai (Tuirial River), the Jiri, the Tlawng (Dhaleswari / Katakal), the Longai, and the Madhura. Tipaimukh Dam is a proposed embankment dam on the Barak River. Flows into Bangladesh as the Surma river, and becomes the Meghna river before the Ganga - Brahmaputra river system. The Padma River joins it and flows into the Bay of Bengal as the Meghna river. The proposed Tipaimukh Dam on the Barak River in northeast India

Woods dispatch

Charles Wood was a British Liberal politician and Member of Parliament. He served as Chancellor of the Exchequer from 1846 to 1852. Later he became the President of the Board of Control of the East India Company. • In 1854 he sent the “Wood’s dispatch” to the Governor General Lord Dalhousie. • Following are the recommendations of Woods dispatch ▪ Establish Universities at Calcutta, Bombay and Madras with departments of English, Arabic, Sanskrit, Persian, Law and Civil engineering. ▪ Grant-in-aid system to encourage private enterprises. ▪ Promote women education by establishing girl schools. ▪ Encourage professional education –medical, law and engineering ▪ Establishment of teacher training schools in each of the provinces English as well as Indian languages should be used as media of instruction and Promote mass education by establishing colleges,

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