Thursday, October 2, 2014

LORD CORNWALLIS AND PERMANENT SETTLEMENT ACT OF 1793

LORD CORNWALLIS WAS THE ONE WHO HAS PLAYED AN IMPORTANT ROLE IN THE EXPANSION OF EAST INDIA COMPANY.
THE REFORMS HAS TAKEN AN IMPORTANT STABILITY IN TENURE OF EAST INDIA COMPANY.
ONLY ONE WAR WAS TAKEN IN HIS TENURE WHICH WAS WITH TIPU SULTAN OF MYSORE PROVINCE.
HE WAS THE ONE WHO HAS TAKEN THE PERMANENT SETTLEMENT OF TAX COLLECTION IN BENGAL.
THE PERMANENT SETTLEMENT HAS SAID THAT REVENUE WILL BE COLLECTED AS A RESULT OF PRODUCTIVITY.
ALSO THIS ACT SAID THAT THE ARMED POWER OF ZAMINDAR WOULD BE TAKEN BACK FROM THEM AND THEIR CANNOT BE A PERMISSION FOR THE MAKING THE COURT FOR TAX COLLECTION.

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