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t. e. The Permanent Settlement, also known as the Permanent Settlement of Bengal, was an agreement between the East India Company and landlords of Bengal to fix revenues to be raised from land that had far-reaching consequences for both agricultural methods and productivity in the entire British Empire and the political realities of the Indian ...
Ryotwari. The ryotwari system was a land revenue system in British India introduced by Thomas Munro, which allowed the government to deal directly with the cultivator ('ryot') for revenue collection and gave the peasant freedom to cede or acquire new land for cultivation. [1] [2]
The code contained significant provisions governing, policing and judicial and civil administration. Its best known provision was the Permanent Settlement [1] (or the zamindari system), which established a revenue collection scheme that lasted until the 20th century. Beginning with Bengal, the system spread over all of northern India by means ...
Banking. The Cross-border Interbank Payment System ( CIPS) is a Chinese payment system that offers clearing and settlement services for its participants in cross-border renminbi (RMB) payments and trade. CIPS is backed by the People's Bank of China and was launched in 2015 as part of a policy effort to internationalize the use of China’s ...
A variety of taxation schemes were implemented in the following years, none of which produced satisfactory results, and many of which left too much power over the natives in the hands of the tax collectors, or zamindars. The company's directors gave Cornwallis the task of coming up with a taxation scheme that would meet the company's objectives ...
National Electronic Funds Transfer ( NEFT) is an electronic funds transfer system maintained by the Reserve Bank of India (RBI). Started in November 2005, the setup was established and maintained by Institute for Development and Research in Banking Technology. [ 1] NEFT enables bank customers in India to transfer funds between any two NEFT ...
An information display showing code-shared flights (indicated by multiple flight numbers in a single time slot), at Fukuoka Airport. A codeshare agreement, also known simply as codeshare, is a business arrangement, common in the aviation industry, in which two or more airlines publish and market the same flight under their own airline ...
National Payments Corporation of India (NPCI) is an Indian state-owned organization that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.