Posted in Indian Economy

Commercial Paper

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Commercial Paper

Commercial Paper (CP): Organised in 1990 it is used by the corporate houses in India (which should be a listed company with working capital of not less than Rs. 5 crores). The CP issuing companies need to obtain a specified credit rating from an agency approved by the RBI (such as CRISIL, ICRA, etc).

PS : How to prepare Indian Economy for UPSC ?

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