India Office Records early 18th century, and eventually came to hold large swaths of land in the subcontinent. In the mid-18th century, the Company began to undertake a governmental role in large parts of India, in order to organize the nascent colony to better facilitate trade. In an effort to increase its own involvement in the administration of India, the British Government passed Pitt's India Act in 1784, which established the Board of Control to direct the East India Company in its governing role. In 1858, in the aftermath of the Indian Rebellion of 1857, the British government abolished the East India Company's
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