Why did the company want to introduce new revenue system in the indian territories?
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Explanation:
The Company had to take some steps to improve agriculture by improving investment in land. The Permanent Settlement was introduced in 1793. According to this, the rajas and taluqdars were recognized as zamindars and were given the responsibility of revenue collection from the peasants.
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=> The company want to introduce new revenue system in the indian territories is to keep powerful people happy and collect better revenue, Cornwallis introduced the Permanent Settlement. As per permanent system, rajas and taluqdars were recognised as zamindars, who were supposed to collect the land revenue from the peasants. The rate of revenue was never to be increased.✨✨✨✨✨✨✌✌
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