Political warfare in British colonial India of India Act 1858. A new British government department, the India Council, was created to handle the governance of India, and its head, the Secretary of State for India, was entrusted with formulating Indian policy. The Governor-General of India gained a new title (Viceroy of India), and implemented the policies devised by the India council. As a result of their relatively small presence in the country the British resorted to many methods to retain control of India. Once it had established its factories (trading bases) in India the East India Company started to highlight the benefits of trade with them
Commercial paper in India Commercial Paper in Indian money market is an innovation in the Financial system of India. Prior to injection of Commercial Paper in Indian money market i.e. before 1990, the corporate companies had to depend upon the crude and traditional method of borrowing working capital from the commercial banks by pledging the inventory of raw materials as Collateral security. It involved more loss of time for the borrowing companies in availing the short-term funds for day-to-day production activities. The commercial paper has become effective instrument for these corporate companies to avail the short-term funds from the money market within shortest possible