DMPQ: What are the reasons for the passing of regulating act, 1773?( History)
The East India Company was in severe financial crisis and had asked a loan of 1 million pounds from the British government in 1772. Allegations of corruption and nepotism were rampant against company officials. There was a terrible famine in Bengal where a huge population perished. The Dual form of administration instituted by Robert Clive … Read more