what is permanent settlement.
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permanent settlement was an agreement between the East India company and Bengal landlord to fix revenue to be raised from land, with far- reaching consequence for both agriculture method and productivity in the entire British Empire and political realities
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Answer:In order to generate sufficient revenue for a longer period of time, Cornwallis started the revenue system named Permanent Settlement in 1793 in the province of Bengal, Bihar and Orissa.
Explanation: Features of Permanent Settlement
1. Land ownership rights were vested with Zamindars and it was hereditary and transferable.
2. It was permanently fixed that 10/11 of total revenue collected to be given to East India Company and 1/11 could be kept by Zamindars.
3. Rate of tax was according to the discretion of Zamindars.
4. There was a provision of sunset clause in which revenue was to be paid before sunset of prefixed date.
5. No provision of relief to peasants during any natural disaster and calamity.
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