Category: Economics

Owing to the unstable political situation in India during mid-18th century the rivalry between the European companies left two important rivals in India in the form of English and the French East India Companies.Their rivalry in India did not remain confined only to trade but it assumed political overtones as well. ADVERTISEMENTS: Madras and Pondicherry were the chief trading centres for the English and French respectively on the Coromandel Coast.The relations between both the companies were tense. The Carnatic region was totally disturbed politically. Image Source: cdn.historydiscussion.netIt was but natural for English and French to support different groups/parties in the region and take opposite stand on various issues.The Anglo-French struggle in India began in the coastal areas north and south of Madras then known as the Carnatic. ADVERTISEMENTS: The Anglo-French…

It was first landmark in the constitutional development of India. It was through this Act that the British Parliament for the first time interfered into the affairs of India, to control the Company’s administration.This Act remodelled the constitution of the Company both in England and in India, and then it was brought under the subjection of some degree of control.As a result of these changes the Court of Directors of the Company was required to submit to the government, all communications about civil and military affairs received from Bengal and all revenues of India. Image Source: thegeneralstudies.files.wordpress.com ADVERTISEMENTS: Governor of Bengal was made Governor-General with a council of four members with vast civil and military powers over Madras and Bombay presidency and government of territorial acquisitions and revenues in Bengal,…

Tuesday, Sept. 11, 2001, saw the world in a state of stunned disbelief at the most daring act of terrorism ever committed. In a devilishly brilliant plan designed for maximum impact, terrorists hijacked four planes and had three of them crash into America’s most prominent buildings namely, the twin towers of Wo rid Trade Centre at New York and the Pentagon at Washington within a span of 60 minutes. It was an unforgettable 60 minutes of hell for America. The event shook the very foundation of United States of America.It all began on Tuesday morning Sept. 11, 2001, when four commercial aeroplanes were hijacked by terrorists belonging to a terrorist organisation named Al-Qaida group. The attack is said to have been masterminded by the notorious terrorist chief named ‘Osama-bin-Laden, the…