S.L.MURALI
M.Com(Final)
GOVERNMENT COLLAGE(A)
RAJAHMUNDRY

Comments

Post a Comment

Popular posts from this blog

Trade and Commerce in Ancient India

Image
Trade and Commerce in Ancient India                                                                  During ancient times Hindus were the masters of the seaborne trade of Europe, Asia and Africa. Till about the beginning of the 18 th  century almost every nation on earth obtained to a large extent its supplies of fine cotton and silk fabric, spices, indigo, sugar, drugs, precious stones and many curious works of art from India in exchange of gold and silver. This traditional prosperity of India began to vanish only at the dawn of the Industrial Revolution in the west.                              In industrial production ancient India was far ahead in comparison with other countries of those times. According to Prof. Webe...
Read more

History of Banking in India – Introduction

Image
History of Banking in India – Introduction                         According to the Banking Companies Act of 1949, Banking is defined as, accepting for the purpose of lending or investment of deposit money from the public, repayable on demand or otherwise and withdrawable by cheque draft, order or otherwise. It also defines Bank as an institution dealing in money and credit. It safeguards the savings of the public and gives loans and advances. The main functions of the banking sector are as following:           It provides liquidity for economic growth of a country           It acts as the main pillar of the whole financial system           It offers safety for the depositors who want to deposit their savings in the Bank           It offers liquidity for the borrowers both on short and long-term basis base...
Read more

Brief History of Insurance in India

Image
Brief History of Insurance in India                 In India, insurance has a deep-rooted history. It finds mention in the writings of Manu (  Manusmrithi  ), Yagnavalkya (  Dharmasastra  ) and Kautilya (  Arthasastra  ). The writings talk in terms of pooling of resources that could be re-distributed in times of calamities such as fire, floods, epidemics and famine. This was probably a pre-cursor to modern day insurance. Ancient Indian history has preserved the earliest traces of insurance in the form of marine trade loans and carriers’ contracts. Insurance in India has evolved over time heavily drawing from other countries, England in particular.    1818 saw the  advent of life insurance business in India  with the establishment of the Oriental Life Insurance Company in Calcutta. This Company however failed in 1834. In 1829, the Madras Equitable had begun transacting life in...
Read more