State whether the following statement is True or FalseThe Company offi...
The correct answer is A.
Why because Permanent Settlement also known as Zamindari System was introduced in 1793 by Lord Cornwallis. It was a revenue collection method introduced by The East India Company to fix their revenue. Rajah and Taluqdars were recognised as Zamindars. Their duty we to collect rent from the peasants and pay the revenue to the Company.As Zamindars were the mediator the Company expected a regular flow of revenue and also Zamindars will also help in improving the land. But as we know, they were not interested at all to improve the land. That system was a failure for the British....
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State whether the following statement is True or FalseThe Company offi...
Explanation:
False:
The statement is False. The Permanent Settlement, introduced in 1793 by the British East India Company, was not intended to encourage zamindars to invest in improving the land. Instead, it aimed to fix the land revenue demand in perpetuity, transferring the responsibility of collecting taxes directly to the zamindars. This system was implemented mainly to ensure a steady income for the Company without having to worry about fluctuations in revenue collection.
Key Points:
- The Permanent Settlement was designed to benefit the British East India Company by streamlining the collection of land revenue.
- Zamindars, under this system, had the sole responsibility of collecting taxes from the peasants and paying a fixed amount to the Company.
- The Permanent Settlement did not incentivize zamindars to invest in land improvement or agricultural development.
- This system led to exploitation of the peasants by the zamindars, who often resorted to harsh methods to extract taxes to meet their fixed revenue obligations to the Company.
- Overall, the Permanent Settlement had negative consequences for the agricultural sector and the peasants, contributing to rural impoverishment and socio-economic inequalities in colonial India.
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