Describe the main features of the Permanent Settlement.

The Permanent Settlement System was a land revenue system introduced in 1793 by the East India Company. Rajas and taluqdars were recognised as zamindars to collect rent from the peasants and pay revenue to the Company. The main features of the Permanent Settlement system are:

1. The amount paid by the zamindars to the company was fixed permanently.
2. The Rajas were made the zamindars.
3. Zamindars lost their right over the lands whenever they failed to make payments to the company.
4. Exorbitant prices of land which zamindars had to pay to the company (which they failed).