
Permanant SettlementPermanent Settlement Concluded by the Cornwallis administration in 1793, Permanent Settlement was a grand contract between the east india company government and the Bengal landholders (zamindars and independent talukdars of all denominations). Under the contract, the landholders or zamindars were admitted into the colonial state system as the absolute proprietors of landed property. Besides being turned into proprietors of land, the zamindars were endowed with the privilege of holding their proprietary right at a rate which was to continue unchanged for ever. Under the contract the government was barred from enhancing its...