Punjab Province (British India) regiments were raised from the Punjab which remained loyal to the East India Company throughout the crisis in the Punjab and United Provinces. By June 1858, of the 80,000 native troops in the Bengal Army, 75,000 were Punjabi of which 23,000 were Sikh. In the aftermath of the rebellion, a thorough re-organisation of the army took place. Henceforth recruitment into the British Indian Army was restricted to loyal peoples and provinces. Punjabi Sikhs emerged as a particularly favoured martial race to serve the army. In the midst of The Great Game, and fearful of a Russian invasion of British India,
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