Question

Story on history of commerce in India

Answer 1

Explanation:

If we see the history commerce in higer education is nearly 102 years old. For such an education, Madras became a pioneer state where it started in 1886. The Government of Madras laid the foundation of commerce education by setting-up commercial institute in Madras. Two other institutions were established during the next ten years (by 1896). Government of India also started commerce college at Calicut and Presidency college at Calcutta . In India Commerce education at University level made its first beginning in 1913 when Sydenham college of commerce and economics was established by Bombay, since then there has been steady increase in commerce courses and its related branches all over India, there is hardly any university or college which don’t have commerce department.

In the beginning of this century Calcutta Presidency College also introduced the teaching of commerce (1903). By about that time it was also introduced in Delhi. One more commercial institution was started in Bombay in 1912. In 1920's (1921-22) the first Fiscal Commission was set-up and this commission made certain important recommendations In the light of these recommendations some major improvements were vis­ible in various industrial fields especially in the field of iron and steel industry, sugar industry, tea industry, cotton industry and jute indus­try.

A very rapid growth of commercial educational institutions was observed during 1920-40. The Indian Institute of Bankers was estab­lished in 1926, the Institute of Chartered Accountants of India was established in 1934. Later on in 1944, Institute of Works and Cost Accountants of India was established. In 1955, the Federation of Insurance Institutes was established.

Answer 2

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