India–United Kingdom relations would remain the empire's most important colony until independence. Queen Victoria became Empress of India in 1876. From a small trading outpost, India became the jewel in the British crown. In 1858, the British Government took control of the territories and treaty arrangements of the former East India Company. In 1876, the area, which included modern India, Pakistan, and Bangladesh, became "the Indian Empire" (often known historically as the "British Raj") with British Monarch Queen Victoria proclaimed as "Empress of India" (a title held by her successors until 1947). The British Indian Army was established and assisted Britain in many
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