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The Company Rule in India refers to areas in the Indian subcontinent which were under the rule of British East Indian Company.The East Indian Company began its rule over the Indian subcontinent starting with the Battle of Plessey, which ultimately led to the vanquishing of the Bengal Subah and the founding of the Bengal Presidency in 1765, one of the largest subdivisions of British India.
The English East India Company ("the Company") was founded in 1600, as The Company of Merchants of London Trading into the East Indies.It gained a foothold in India with the establishment of a factory in Masulipatnam on the Eastern coast of India in 1611 and the grant of the rights to establish a factory in Surat in 1612 by the Mughal Emperor Jahangir.
The Factories Act 1961 (9 & 10 Eliz. 2. c. 34) consolidated the 1937 and 1959 acts. As of 2008, the Factories Act 1961 is substantially still in force, though workplace health and safety is principally governed by the Health and Safety at Work etc. Act 1974 (c. 37) and regulations made under it.
Also, from the late 18th century British cotton mill industry began to lobby the government to both tax Indian imports and allow them access to markets in India. [36] Starting in the 1830s, British textiles began to appear in—and soon to inundate—the Indian markets, with the value of the textile imports growing from £5.2 million in 1850 to ...
Railway map of India in 1871 CE Railway map of India in 1909 CE. British investors built a modern railway system in the late 19th century—it became the then fourth-largest in the world and was renowned for the quality of construction and service. [118] The government was supportive, realising its value for military use and for economic growth.
The East Indiamen of the British East India Company (EIC) passed many places and stopped at many ports on their voyages from Britain to India and China in the 17th to 19th centuries, both on the way and as destinations. Some of these places were simply landmarks, but a number of the places were the locations of EIC factories, i.e., trading posts.
Moosvi estimates that Mughal India also had a per-capita income 1.24% higher in the late 16th century than British India had in the early 20th century, and the secondary sector contributed a higher percentage to the economy of the Mughal Empire (18.2%) than it did to the economy of early 20th-century British India (11.2%). [19]
The act contained the following provisions: It ended the commercial activities of the British East India Company and made it a purely administrative body. In particular, the company lost its monopoly on trade with China and other parts of the Far East. While ending its commercial mandate, the act extended the East India Company's charter by 20 ...