Dawn.com
IN 1765, undivided India lost its financial sovereignty when Mughal Emperor Shah Alam II granted the East India Company the right to collect taxes (diwani) in Bengal, Bihar, and Orissa.
This enabled systematic extraction of wealth and control over India’s economy and redirected resources to Britain…
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Quest for economic sovereignty
Sharie Ramage
13:23
IN 1765, undivided India lost its financial sovereignty when Mughal Emperor Shah Alam II granted the East India Company the right to collect taxes (diwani) in Bengal, Bihar, and Orissa. This enabled systematic extraction of wealth and control over India’s economy and redirected resources to Britain…
