drain Archives - Assam PCS Exam Notes

DMPQ- “ Home charges” is one of the main component of drain of wealth. Explain the term Home charge.

Expenditure carried out by company up to 1858 and by British government after 1858 in London on behalf of India. Home charges include –  Dividend paid to shareholders by company.  Interest paid by company on the loans raised in London.  Salary and pensions of officials working in London.  Pension of officials … Read more

Drain Theory

Dadabhai Naoroji: ‘Poverty in India’ (1876) He claimed that the drain of wealth and capital from the country which started after 1757 was responsible for absence of development in India. Drain was done through trade, industry and finance Two elements of the drain That arising from the remittances by European officials of their savings, … Read more