Chandigarh also called The City Beautiful , is a city in India that serves as the capital of two states: Punjab and Haryana. However, administratively, the city is not under the jurisdiction of either state, it is administered by the Central government and hence classified as a union territory. The Governor of the Punjab is the Administrator of Chandigarh.The city derives its name from a temple of goddess Chandi (the Chandi Mandir) located in nearby Panchkula District of Haryana. The word Chandigarh literally means "the fort of Chandi".

Economy
Banking
Chandigarh has a well developed market and banking infrastructure. Nearly all the major banks in the country have registered their presence in Chandigarh. Most banks with a pan India presence have their zonal/regional offices present in Chandigarh. In fact Bank square in Sector 17 in chandigarh has a large presence of such offices all in one section of the commercial sector.
Chambers of commerce
Three major trade promotion organizations have their offices in Chandigarh. These are: Federation of Indian Chambers of Commerce & Industry, (FICCI) the PHD Chamber of Commerce and Industry ( PHDCCI) and the Confederation of Indian Industry (CII) which has its regional headquarters at Sector 31, Chandigarh.