Presidencies and provinces of British India Presidencies and provinces of British India The Provinces of India, earlier Presidencies of India and still earlier, Presidency towns, were the administrative divisions of British governance in the subcontinent. Collectively, they were called British India. In one form or another, they existed between 1612 and 1947, conventionally divided into three historical periods: In 1608, Mughal authorities allowed the English East India Company to establish a small trading settlement at Surat (now in the state of Gujarat), and this became the company's first headquarters town. It was followed in 1611 by a permanent factory at Machilipatnam on the Coromandel Coast, and
Commercial paper in India from these statistics that the cost of borrowing working capital through Commercial paper transaction became relatively lower for the corporate companies in India in comparison to the cost of borrowing the same working capital through cash credit facility from the commercial banks. The obvious result was an absolute growth of the Commercial paper market in India, particularly, after 2007-08 onward. Commercial paper in India Commercial Paper in India is a new addition to short-term instruments in Indian Money market since 1990 onward. The introduction of Commercial paper as the short-term monetary instrument was the beginning of a reform in Indian