What is permanent settlement in detail please explain
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The Permanent Settlement, also known as the Permanent Settlement of Bengal, was an agreement between the East India Company and Bengali landlords to fix revenues to be raised from land that had far-reaching consequences for both agricultural methods and productivity in the entire British Empire and the political ...
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The Permanent Settlement was a land revenue system introduced in 1793 by East India Company. By the terms of this settlement, the rajas and taluqdars were recognised as zamindars. They were asked to collect rent from the peasants and pay revenue to the Company. The main features of the Permanent Settlement system were:
The amount of the revenue was fixed permanently, that is, it was not to be increased ever in future.
Since the revenue demand of the state would not be increased, the zamindar would benefit from increased production from the land.
The revenue that had been fixed was so high that the zamindars found it difficult to pay. Those who failed to pay the revenue lost their zamindari.
Even when the income of the zamindars increased due to increased cultivation, there was no gain for the Company since it could not increase a revenue demand that had been fixed permanently
Exorbitant prices of land which zamindars had to pay to the company......
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