top of page

Important Points of Charter act of 1813 #history #upsc

Charter act of 1813 : Why was it introduced? To uphold the spirit of Laissez-faire and address the grievance of the Continental system by Napoleon by which European ports were closed for Britain. The continental system prohibited imports of British Goods in European Countries. Because the British had an overwhelming superiority at sea, though, enforcing the system proved disastrous for Napoleon.

British needed a trade partner as their revenues were hit due to the continental system of Napolean, so they looked to trade with India.

Features :

1. The company’s monopoly over trade in India ended but the company retained the trade with China and the trade-in tea.

2. The company was to retain possession of territories and revenue for 20 yrs more.

3. The regulations made by the Councils of Madras, Bombay & Calcutta were now required to be laid before the British parliament. The constitutional position of British territories was defined explicitly for the 1st time.

4. A sum of 1 lac Rs was set aside for education.

5. Shareholders of the company were to be 10.5% dividend

6. Christian missionaries were allowed to come to India and preach their religion.

Video Explanation


We hope we added some value to your life today and we would continue to do that always!

My friends, we at The Layman Way strive harder each day to make a difference in your life. What we need is just a little push to make us work even harder and impact more lives positively. This push comes to us from you all, who are our ambassadors. If at all we are adding any value to your preparation or your life, I have a favour to ask you. Spread the word for us so that we can reach out to more aspirants and leave us a review on Google Reviews help other aspirants to know that this is the place they need to be for learning more and enhancing their UPSC preparation. Help us make a difference and we shall together strive to help you ACE UPSC.

Have a wonderful day and make your goal to make someone else life better. I will see you in our next blog.


We have launched new courses on : Indian polity: Master CSAT: Sign up for guidance: Join our telegram channel: Subscribe: More Course for You: Fundamentals of Physical Geography full playlist: Economic survey and budget 2021full playlist for: How to clear UPSC prelims in5 months Playlist: Government Schemes for UPSC playlist: Economics for UPSC Prelims Playlist: How to score 120+ In UPSC Prelims: Yearly Current Affairs Revision: British Acts and Policies Playlist: Environment and Ecology Series: CSAT Preparation Demo Lectures: Maps Revision Series Demo Lectures: Indian Constitution at Work Playlist: Direct hits in UPSC Prelims 2021:

21 views0 comments

Recent Posts

See All
  • YouTube
  • telegram
  • Facebook
  • LinkedIn
bottom of page