History of the Cape Colony before 1806 History of the Cape Colony before 1806 The written history of the Cape Colony in what is now South Africa began when Portuguese navigator Bartolomeu Dias became the first modern European to round the Cape of Good Hope in 1488. In 1497, Vasco da Gama sailed along the whole coast of South Africa on his way to India, landed at St Helena Bay for 8 days, and made a detailed description of the area. The Portuguese, attracted by the riches of Asia, made no permanent settlement at the Cape Colony. However, the Dutch East India Company (VOC) settled the area
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