The Company Rule
After the Battle of Buxar, 1764, the Mughals as well as the Nawabs of Bengal lost effective control over the territories then constituting the province of Bengal, which currently comprises the Indian states of West Bengal, Bihar, Jharkhand, Orissa, as also some parts of Bangladesh. The East India Company was accorded the diwani rights, that is, the right to administer the collection and management of revenues of the province of Bengal, and parts of Oudh, currently comprising a large part of Uttar Pradesh. The diwani rights were legally granted by Shah Alam, who was then ruling sovereign Mughal emperor of Undivided India.
The Battle of Buxar, which was fought hardly 115 km from Patna, heralded the establishment of the rule of the British East India Company in East India.
During the rule of the British East India Company in Bihar, Patna emerged as one of the most important commercial and trading centers of the East India, preceded only by Kolkata.
Read more about this topic: History Of Patna
Famous quotes containing the words company and/or rule:
“We noticed several other sandy tracts in our voyage; and the course of the Merrimack can be traced from the nearest mountain by its yellow sand-banks, though the river itself is for the most part invisible. Lawsuits, as we hear, have in some cases grown out of these causes. Railroads have been made through certain irritable districts, breaking their sod, and so have set the sand to blowing, till it has converted fertile farms into deserts, and the company has had to pay the damages.”
—Henry David Thoreau (1817–1862)
“After all, the practical reason why, when the power is once in the hands of the people, a majority are permitted, and for a long period continue, to rule is not because they are most likely to be in the right, nor because this seems fairest to the minority, but because they are physically the strongest. But a government in which the majority rule in all cases cannot be based on justice, even as far as men understand it.”
—Henry David Thoreau (1817–1862)