Charter act of 1813 UPSC short notes
Here we will study Charter act of 1813 (UPSC) from the perspective of Civil services exam and other State PSC exams. British Parliament passed this act and abolish the trade monopoly of British East India company in India.
Here we will cover the important point of the Charter act of 1813 which will be useful for your UPSC exams and other State PSC exams.
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Significance of the Charter act of 1813 (UPSC)-
Charter act of 1813 (UPSC) abolished the trade monopoly of British East India company in India. During Charter act of 1813 Governor general was Lord Minto 1. Some important features of this act are-
- It abolished the trade Monopoly of the company in India. Now Indian trade was open to all British merchants.
- The trade Monopoly of East India Company was maintained in two items- tea and trade with China. So Monopoly continued over these two items and in all other items Monopoly was discontinued.
It allowed Christian missionaries to come to India to preach their religion.
- It allowed east India company to retain the possession of territories and revenues in India for 20 more years without affecting the sovereignty of the crown.
- It also provided for the spread of Western education among the inhabitants of British territories in India.
- A sum of 1 lakh rupees was to to be set aside for this purpose every year.
- It authorized local governments in India to impose taxes on person and empowered them to punish people for not paying taxes. So here we see a little bit of decentralization also.
This is the short notes on Charter act of 1813. These points are very important from the viewpoint of our UPSC and other state PSC exams.
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Frequently asked questions (FAQ) related to the 1813 act-
Question- Who introduced Charter act of 1813?
Answer– British Parliament.
Question- Why was the Charter act of 1813 introduced?
Answer– To abolish the trade monopoly of British East India company in India.
Question- What was the significance of the Charter act of 1813?
Answer– It abolished the trade monopoly of British East India company in India and provided sum of 1 lakh rupees to spread western education in India.
