Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

THE SALT YOU BOUGHT THIS MORNING— AND THE TAX THAT TOPPLED AN EMPIRE

The Business Guardian

|

September 30, 2025

Under the East India Company, salt became a lucrative source of revenue.

In 1759 (two years after Plassey) the Company seized saltworks near Calcutta, suddenly doubling land rents and transit fees on salt transport. In 1764 Robert Clive monopolized salt (along with tobacco and spices) and forced villagers to buy from Company depots. London officials denounced this as “disgraceful” and in 1768 the salt monopoly was briefly lifted. But within a few years Warren Hastings reimposed control: he handed out salt-farming contracts in 1772 that forced coastal workers (malangas) to sell salt to the government at fixed rates.

A long-running project of the Raj was to maximize salt revenue. From 1788 onward, the Company auctioned salt to wholesalers, ratcheting the tax up to 3.25 rupees per maund (gy37 kg). The wholesale price of salt jumped from 1.25 to nearly 4 rupees per maund - “an exorbitant rate that few could afford”. To choke off smuggling, the British built a customs barrier across India. By the 1840s a 2,500-mile “salt hedge” of thorn bushes and walls stretched from the Indus to the Ganges delta. Nearly 12,000 guards patrolled it, stopping anyone carrying salt between provinces. By mid-century salt yielded about 10 % of India’s revenues. In 1880 alone, about 7 million (pounds) came from salt.

The pressure eased only slightly by late century. In 1878 the British imposed a uniform salt tax across India. Where Bombay and Madras had paid only 1 rupee 13 annas per maund, the tax jumped to 2 rupees 8 annas; Bengal and Assam saw it cut from 3 rupees 4 annas down to 2 rupees 14 annas. Salt possession became a state monopoly: Indians could legally make or carry salt only under

and a half percent of his income) in salt tax for 49 lbs of salt. In effect, a poor family could not afford all the salt it needed without going into debt.

FLERE HISTORIER FRA The Business Guardian

The Business Guardian

The Business Guardian

India to maintain stable policy amid moderate inflation, good growth: Ashwini

Union Minister Ashwini Vaishnaw on Thursday assured that India will continue to provide a stable policy environment, ongoing regulatory simplification, robust economic growth and very moderate inflation in the years ahead, conditions he said are ideal for investors.

time to read

1 mins

November 21, 2025

The Business Guardian

The Business Guardian

AIR QUALITY IN DELHI REMAINS ‘VERY POOR’, AQI AT 399

Delhi’s air turns hazardous again as AQI nears severe levels across the city.

time to read

2 mins

November 21, 2025

The Business Guardian

The Business Guardian

Delhi court allows further probe into Samir Modi rape allegations

The Saket District court has permitted Delhi police to conduct further investigation on the record provided by the businessman Samir Modi, while also deferring cognisance of chargesheet filed against the businessman regarding allegations of rape.

time to read

1 min

November 21, 2025

The Business Guardian

The Business Guardian

India registers record exports in both Q1 and Q2 of FY26

India's export sector has delivered a powerful message of resilience and global competitiveness in by far in 2025-26, recording its highest-ever quarterly exports in both Q1 and Q2, and culminating in the highest-ever export performance for the first half of any financial year.

time to read

1 min

November 21, 2025

The Business Guardian

The Business Guardian

FM WARNS PUBLIC AGAINST FAKE ED SUMMONS

In a social media post on X, Finance Ministry stated that these forged documents often closely resemble authentic ED notices

time to read

2 mins

November 21, 2025

The Business Guardian

The Business Guardian

India's renewable energy share in overall power generation to spike 35% by FY30: ICRA

India's renewable energy (RE) share in the overall power generation, including large hydro, is set to exceed 35 per cent by FY2030, up from 22.1 per cent in FY2025, said rating agency ICRA in a report on Thursday.

time to read

1 mins

November 21, 2025

The Business Guardian

The Business Guardian

16-year-old student calls for action against school teachers in suicide note

The 16-year-old Class 10 student, who died allegedly by suicide at the Rajendra Place Metro Station in New Delhi, called for action against his school teachers in his suicide note.

time to read

1 min

November 21, 2025

The Business Guardian

The Business Guardian

'India shines with strong growth & digital push amid rising opportunities in emerging markets

A new global investment outlook has identified emerging market equities as a major pillar of potential opportunities for 2026, with India featuring prominently due to its strong macroeconomic fundamentals, demographic advantages and rapid digital transformation.

time to read

2 mins

November 21, 2025

The Business Guardian

The Business Guardian

Delhi Police bust transnational drug syndicate

The Delhi Police has dismantled a transnational drug trafficking syndicate with the arrest of five Nigerian nationals and the recovery of synthetic narcotics

time to read

1 min

November 21, 2025

The Business Guardian

The Business Guardian

Korean chipmakers gain on robust Nvidia earnings

The stocks of South Korea's top chipmakers rose sharply on Thursday after Nvidia Corp. reported stronger-than-expected earnings for the fiscal third quarter, as per a report by Pulse, the English service of Maeil Business News Korea.

time to read

1 min

November 21, 2025

Listen

Translate

Share

-
+

Change font size