(Good answer I'll mark as brainlist.) Describe permanent settlement and it's problem in history(ruling the countryside).
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Cornwalis resorted to Permanent Settlement for the good of the farmers. When Cornwallis arrived in India, the land revenue system was as follows:
1. The farmers had to pay cultivation tax to the Government.
2. The system of annual settlement was in Vogue.
Hastings had introduced the Five-Year Settlement according to which the right of realisation of tax was given to the highest bidder for five years on contract basis.
But there was a great problem in this system in as much as that at the time of auction, the contractors to make such a high bid, that they failed to deposit the amount of the bid in tie royal treasury.
1. The farmers had to pay cultivation tax to the Government.
2. The system of annual settlement was in Vogue.
Hastings had introduced the Five-Year Settlement according to which the right of realisation of tax was given to the highest bidder for five years on contract basis.
But there was a great problem in this system in as much as that at the time of auction, the contractors to make such a high bid, that they failed to deposit the amount of the bid in tie royal treasury.
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