Which new policy was initiated under Lord Hastings?When and where was the first English factory set up?
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Explanation:
a) Lord Hasting policy of Paramountcy was initiated in Indian states. b) First English factory set up at Hugli. c) The East India Company acquired a charted to trade with the east from the ruler of. England.
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Paramountcy
Under Lord Hastings (Governor- General from 1813 to 1823) a new policy of “paramountcy” was initiated. Now the Company claimed that its authority was paramount or supreme, hence its power was greater than that of Indian states.
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