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Carr, Tagore And Company
Carr, Tagore and Company (also written as Carr, Tagore & Co.) was the first equal partnership between European and Indian businessmen and the initiator of the managing agency system in India. The company was launched in 1834 by Dwarakanath Tagore in partnership with William Carr, an indigo trader of Kolkata (then known as Calcutta). Dwarakanath played a leading role in the company, providing its capital, selecting its partners and directing its investment strategy throughout his life. Backdrop The period starting from the late 18th century to the mid-19th century was one of great change. The Industrial Revolution was having a great impact on power equations across the world. The British were reworking their strategy in India. The Charter Act of 1813 ended the monopoly of the East India Company in India’s overseas trade, except for some items. It opened a flood gate of opportunities for many people. In such an environment Carr, Tagore and Company was a kind of modern day holding c ...
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Calcutta
Kolkata (, or , ; also known as Calcutta , List of renamed places in India#West Bengal, the official name until 2001) is the Capital city, capital of the Indian States and union territories of India, state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, commercial, and financial hub of East India, Eastern India and the main port of communication for North-East India. According to the 2011 Indian census, Kolkata is the List of cities in India by population, seventh-most populous city in India, with a population of 45 lakh (4.5 million) residents within the city limits, and a population of over 1.41 crore (14.1 million) residents in the Kolkata metropolitan area, Kolkata Metropolitan Area. It is the List of metropolitan areas in India, third-most populous metropolitan area in India. In 2021, the Kolkata metropolitan area crossed 1.5 crore (15 million) registered voters. The ...
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Damodar River
Damodar River (Pron: /ˈdʌmoˌdaː/) is a river flowing across the Indian states of Jharkhand and West Bengal. Rich in mineral resources, the valley is home to large-scale mining and industrial activity. Earlier known as the Sorrow of Bengal because of its ravaging floods in the plains of West Bengal, the Damodar and its tributaries have been somewhat tamed with the construction of several dams. It is the most polluted river of India (by 2003). Etymology Means "rope around the belly", derived from Sanskrit दाम (dama) "rope" and उदर (udara) "belly". This is another name of the Hindu god Krishna, given to him because his foster-mother, Yashoda tied him to a large urn.Chattopadhyay, Akkori, ''Bardhaman Jelar Itihas O Lok Sanskriti'' (History and Folk lore of Bardhaman District.), , Vol I, pp. 21- 26, Radical Impression. Tributaries It has a number of tributaries and subtributaries, such as Barakar, Konar, Bokaro, Haharo, Jamunia, Ghari, Guaia, Khadia and Bhera.Sab ...
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Companies Based In Kolkata
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Mining In West Bengal
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic viability of investing in the equipment, labor, and energy required to extract, refine and transport the materials found at the mine to manufacturers who can use the material. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desired materials, and fi ...
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1834 Establishments In British India
Events January–March * January – The Wilmington and Raleigh Railroad is chartered in Wilmington, North Carolina. * January 1 – Zollverein (Germany): Customs charges are abolished at borders within its member states. * January 3 – The government of Mexico imprisons Stephen F. Austin in Mexico City. * February 13 – Robert Owen organizes the Grand National Consolidated Trades Union in the United Kingdom. * March 6 – York, Upper Canada, is incorporated as Toronto. * March 11 – The United States Survey of the Coast is transferred to the Department of the Navy. * March 14 – John Herschel discovers the open cluster of stars now known as NGC 3603, observing from the Cape of Good Hope. * March 28 – Andrew Jackson is censured by the United States Congress (expunged in 1837). April–June * April 10 – The LaLaurie mansion in New Orleans burns, and Madame Marie Delphine LaLaurie flees to France. * April 14 – The Whig Party is officially named by United ...
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Coal Mining In India
Coal in India has been mined since 1774, and India is the second largest producer and consumer of coal after China, mining in FY 2022. Around 30% of coal is imported. Due to high demand and poor average quality, India imports coking coal to meet the requirements of its steel plants. Dhanbad, the largest coal producing city, has been called the coal capital of India. State-owned Coal India had a monopoly on coal mining between its nationalisation in 1973 and 2018. Most of the coal is burned to generate electricity and most electricity is generated by coal, but coal-fired power plants have been criticised for breaking environmental laws. The health and environmental impact of the coal industry is serious, and phasing out coal would have short-term health and environmental benefits greatly exceeding the costs. Electricity from new solar farms in India is cheaper than that generated by the country's existing coal plants. History The Indira Gandhi administration nationalized ...
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East Indian Railway Company
The East Indian Railway Company, operating as the East Indian Railway (reporting mark EIR), introduced railways to East India and North India, while the Companies such as the Great Indian Peninsula Railway, South Indian Railway, Bombay, Baroda and Central India Railway and the North-Western Railway operated in other parts of India. The company was established 1 June 1845 in London by a deed of settlement with a capital of £4,000,000, largely raised in London. 1845–1849 The first board of directors formed in 1845 comprised thirteen members and Rowland Macdonald Stephenson became the first managing director of the company. Rowland Macdonald Stephenson (later Sir Rowland, but familiarly known as Macdonald StephensonDiaries of George Turnbull (Chief Engineer, East Indian Railway Company) held at the Centre of South Asian Studies at Cambridge University, England) and three assistants travelled from England in 1845 and ''"with diligence and discretion"'' surveyed, statist ...
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Suetonius Grant Heatly
Suetonius Grant Heatly (sometimes spelled as ''Heatley''; 1751–1793) was a judge employed by the British East India Company and, with John Sumner, established what is considered to be the first coal mine in India.Manners & Williamson (1920), pp. 180–181. Heatly was born in Newport, Rhode Island, in what is now the United States, to a family that had a Scottish heritage.and was loyal to the British Crown. That loyalty caused them to move to England around the time of the American Revolution. His connections and ability were useful in his career with the East India Company, which he joined in 1766 and for which he held various offices. Grant and his colleague, Sumner, saw potential in the extraction of coal in India and attempted to capitalise on that and their relationship with the East India Company, which they envisaged as being a significant purchaser. Their project involved several mine workings, the precise location of which has been debated. It was beset by problems, inc ...
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Dwarakanath Tagore
Dwarkanath Tagore ( bn, দ্বারকানাথ ঠাকুর, ''Darokanath Ţhakur''; 1794–1846) was one of the first Indian industrialists to form an enterprise with British partners. He was the son of Ramlochon Tagore, the founder of the Jorasanko branch of the Tagore family. He was also the grandfather of Rabindranath Tagore. Childhood Dwarkanath Tagore was a descendant of Rarhiya Brahmins of the Kushari (Sandilya gotra) division. Their ancestors were called Pirali Brahmin. On 12 December 1807, Ramlochan died leaving all his property to his adopted son Dwarkanath, who was then a minor. This property consisted of zamindari estates governed by the Regulations of Permanent Settlement introduced by Lord Cornwallis in 1792. The Zamindars were the ruling authority of a certain sub-division or region under the British ruling authority in India and had the authority to collect tax or to rule their fellow residents inside the territory on behalf of the British Government. ...
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Parsi
Parsis () or Parsees are an ethnoreligious group of the Indian subcontinent adhering to Zoroastrianism. They are descended from Persians who migrated to Medieval India during and after the Arab conquest of Iran (part of the early Muslim conquests) in order to preserve their Zoroastrian identity. The Parsi people comprise the older of the Indian subcontinent's two Zoroastrian communities vis-à-vis the Iranis, whose ancestors migrated to British-ruled India from Qajar-era Iran. According to a 16th-century Parsi epic, ''Qissa-i Sanjan'', Zoroastrian Persians continued to migrate to the Indian subcontinent from Greater Iran in between the 8th and 10th centuries, and ultimately settled in present-day Gujarat after being granted refuge by a local Hindu king. Prior to the 7th-century fall of the Sassanid Empire to the Rashidun Caliphate, the Iranian mainland (historically known as 'Persia') had a Zoroastrian majority, and Zoroastrianism had served as the Iranian state religion ...
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History Of Opium In China
The history of opium in China began with the use of opium for medicinal purposes during the 7th century. In the 17th century the practice of mixing opium with tobacco for smoking spread from Southeast Asia, creating a far greater demand. Imports of opium into China stood at 200 chests annually in 1729, when the first anti-opium edict was promulgated. By the time Chinese authorities reissued the prohibition in starker terms in 1799, the figure had leaped; 4,500 chests were imported in the year 1800. The decade of the 1830s witnessed a rapid rise in opium trade, and by 1838, just before the First Opium War, it had climbed to 40,000 chests. The rise continued on after the Treaty of Nanking (1842) that concluded the war. By 1858 annual imports had risen to 70,000 chests (), approximately equivalent to global production of opium for the decade surrounding the year 2000. By the late 19th century Chinese domestic opium production challenged and then surpassed imports. The 20th cen ...
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