Question

explain the views of East India company and Nawab of Bengal regarding trade practices of East India Company​

Answer 1

Answer:

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Explanation:

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Answer 2

In 1651, the first English factory was set up on the banks of river Hugli and first english factory was opened up  at Surat in 1608.

Aurangzeb issued a farman granting the company the right to trade duty free.

The company tried to press for more concessions and manipulate existing privileges. 

For trading purpose the passes were issued to company officials but they misused these passes for private trade and accumulate wealth on the name of company.

Soon because of private trade company suffered and went into loses. To cure this anamoly British government made strict rules.