Dutch Suratte Dutch Suratte Suratte or Soeratte was a famous trading city on the north coast of what is now India, in the modern state of Gujarat, lying on the river Tapti. The city, now known as Surat, became a directorate of the Dutch East India Company in 1616. The British had established a factory in the Suratte in 1609 or 1612, after delivering a blow to the Portuguese. It is part of what is today known as Dutch India. Pieter van den Broecke established a Dutch trading post in Suratte in 1616, after previous efforts had failed in the years before.
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