HOW DID THE DIWANI RIGHTS BENEFIT THE COMPANY ?
The following points may help you:
a. In 1765, the Company was made the Diwan , that is the chief financial administrator which administered the revenue and was given right to collect Diwani, that is the revenue.
b. Diwan basically refers to the person administrating revenue and finances in the province.
c. Diwani helped company to finance its expenses, from the revenue collected from India.
d. Thus, the company now used revenue collected from India, to finance its trade, to purchase cotton and silk from India.
e. The revenue was also used to maintain company's administration, its troops.
f. It also helped them in building fortifications in Calcutta.
g. Thus it benefited the company but resulted in huge drain of wealth for India.
a. In 1765, the Company was made the Diwan , that is the chief financial administrator which administered the revenue and was given right to collect Diwani, that is the revenue.
b. Diwan basically refers to the person administrating revenue and finances in the province.
c. Diwani helped company to finance its expenses, from the revenue collected from India.
d. Thus, the company now used revenue collected from India, to finance its trade, to purchase cotton and silk from India.
e. The revenue was also used to maintain company's administration, its troops.
f. It also helped them in building fortifications in Calcutta.
g. Thus it benefited the company but resulted in huge drain of wealth for India.