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:
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