Residencies of British India not maintain military forces other than for internal policing or else form diplomatic alliances with other States. The Residents attempted to modernize these Native States through promotion of European notions of progressive government. The first Native States to enter such subsidiary alliances included Arcot, Oudh and Hyderabad. Before the Rebellion of 1857, the role of the British Resident in Delhi was more important than that of other Residents, because of the tension that existed between the declining Mughal Empire and the emerging power of the East India Company. After the establishment of Crown rule of British India in 1858, the
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