Dadni System - Revision history

Mukbil at 05:32, 8 September 2021

2021-09-08T05:32:07Z

← Older revision		Revision as of 05:32, 8 September 2021
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	'''Dadni System''' ''Dadni'' comes from the Persian word ''dadan'' or advance. One who made an advance as a mark of any business deal was called ''dadandar. ''The Dadni system was a phase of business management of the English [[East India Company\|east india company]] in Bengal in the eighteenth century. The company used to engage local merchants to procure goods from the market on its behalf. They were called dadni-merchants, because they received advances from the company for delivering goods under stipulated terms. Money was advanced to them so that they could go into the local market and transfer the advance, if necessary, to the actual manufacturers for delivery of goods according to a stipulated time and specifications. Dadni merchants passed the dadan to actual manufacturers, either directly, or through a second degree intermediary called ''dalals'' (agents) or ''paikars ''(local stockists).		'''Dadni System''' ''Dadni'' comes from the Persian word ''dadan'' or advance. One who made an advance as a mark of any business deal was called ''dadandar. ''The Dadni system was a phase of business management of the English [[East India Company, The\|east india company]] in Bengal in the eighteenth century. The company used to engage local merchants to procure goods from the market on its behalf. They were called dadni-merchants, because they received advances from the company for delivering goods under stipulated terms. Money was advanced to them so that they could go into the local market and transfer the advance, if necessary, to the actual manufacturers for delivery of goods according to a stipulated time and specifications. Dadni merchants passed the dadan to actual manufacturers, either directly, or through a second degree intermediary called ''dalals'' (agents) or ''paikars ''(local stockists).

	The dadni merchant did the job for a fixed commission, which he often shared with middlemen. Dadni system was abolished in 1753 on the ground that many dadni merchants failed to deliver goods in time and many even disappeared with company. The company under the circumstances resolved to procure goods through its own factors (chief of ''kuthi'') and ''gomosthas'' (native ''amla''). The change did not produce expected results. Manufacturing classes, particularly weavers were exposed to oppression in the hands of ''gomosthas'', paikars and dalals, whose presence in ''arongs'' caused panic, according to contemporary reports, among manufacturers.		The dadni merchant did the job for a fixed commission, which he often shared with middlemen. Dadni system was abolished in 1753 on the ground that many dadni merchants failed to deliver goods in time and many even disappeared with company. The company under the circumstances resolved to procure goods through its own factors (chief of ''kuthi'') and ''gomosthas'' (native ''amla''). The change did not produce expected results. Manufacturing classes, particularly weavers were exposed to oppression in the hands of ''gomosthas'', paikars and dalals, whose presence in ''arongs'' caused panic, according to contemporary reports, among manufacturers.

	The East India Company, under the circumstance, reverted to the old dadni system. But as it hit the vested interests of the company servants in ''mofussil'' areas, the dadni system was not allowed to function as freely as before. Under the pressure of vested interests'','' the gomostha system was again introduced in 1775, but with disastrous results. Weavers, salt workers, [[silk]] manufacturers and all other manufacturers and dealers complained of corruption and high-handedness of gomosthas. The Cornwallis administration then abandoned the traditional method of procurement through native agencies ([[banians]], dadni-merchants, gomosthas, etc) and instead, engaged the newly emergent [[agency house]]s for procuring goods from local markets. [Sirajul Islam]		The East India Company, under the circumstance, reverted to the old dadni system. But as it hit the vested interests of the company servants in ''mofussil'' areas, the dadni system was not allowed to function as freely as before. Under the pressure of vested interests, the gomostha system was again introduced in 1775, but with disastrous results. Weavers, salt workers, [[silk]] manufacturers and all other manufacturers and dealers complained of corruption and high-handedness of gomosthas. The Cornwallis administration then abandoned the traditional method of procurement through native agencies ([[banians]], dadni-merchants, gomosthas, etc) and instead, engaged the newly emergent [[Agency House\|agency house]]s for procuring goods from local markets. [Sirajul Islam]

	[[Category:Financial Institutes]]		[[Category:Financial Institutes]]

	[[bn:দাদনি প্রথা]]		[[bn:দাদনি প্রথা]]

Mukbil at 05:31, 8 September 2021

2021-09-08T05:31:15Z

← Older revision		Revision as of 05:31, 8 September 2021
Line 1:		Line 1:
	'''Dadni System''' ''Dadni'' comes from the Persian word ''dadan'' or advance. One who made an advance as a mark of any business deal was called ''dadandar. ''The Dadni system was a phase of business management of the English [[east india company]] in Bengal in the eighteenth century. The company used to engage local merchants to procure goods from the market on its behalf. They were called dadni-merchants, because they received advances from the company for delivering goods under stipulated terms. Money was advanced to them so that they could go into the local market and transfer the advance, if necessary, to the actual manufacturers for delivery of goods according to a stipulated time and specifications. Dadni merchants passed the dadan to actual manufacturers, either directly, or through a second degree intermediary called ''dalals'' (agents) or ''paikars ''(local stockists).		'''Dadni System''' ''Dadni'' comes from the Persian word ''dadan'' or advance. One who made an advance as a mark of any business deal was called ''dadandar. ''The Dadni system was a phase of business management of the English [[East India Company\|east india company]] in Bengal in the eighteenth century. The company used to engage local merchants to procure goods from the market on its behalf. They were called dadni-merchants, because they received advances from the company for delivering goods under stipulated terms. Money was advanced to them so that they could go into the local market and transfer the advance, if necessary, to the actual manufacturers for delivery of goods according to a stipulated time and specifications. Dadni merchants passed the dadan to actual manufacturers, either directly, or through a second degree intermediary called ''dalals'' (agents) or ''paikars ''(local stockists).

	The dadni merchant did the job for a fixed commission, which he often shared with middlemen. Dadni system was abolished in 1753 on the ground that many dadni merchants failed to deliver goods in time and many even disappeared with company. The company under the circumstances resolved to procure goods through its own factors (chief of ''kuthi'') and ''gomosthas'' (native ''amla''). The change did not produce expected results. Manufacturing classes, particularly weavers were exposed to oppression in the hands of ''gomosthas'', paikars and dalals, whose presence in ''arongs'' caused panic, according to contemporary reports, among manufacturers.		The dadni merchant did the job for a fixed commission, which he often shared with middlemen. Dadni system was abolished in 1753 on the ground that many dadni merchants failed to deliver goods in time and many even disappeared with company. The company under the circumstances resolved to procure goods through its own factors (chief of ''kuthi'') and ''gomosthas'' (native ''amla''). The change did not produce expected results. Manufacturing classes, particularly weavers were exposed to oppression in the hands of ''gomosthas'', paikars and dalals, whose presence in ''arongs'' caused panic, according to contemporary reports, among manufacturers.

	The East India Company, under the circumstance, reverted to the old dadni system. But as it hit the vested interests of the company servants in ''mofussil'' areas, the dadni system was not allowed to function as freely as before. Under the pressure of vested interests'','' the gomostha system was again introduced in 1775, but with disastrous results. Weavers, salt workers, [[silk]] manufacturers and all other manufacturers and dealers complained of corruption and high-handedness of gomosthas. The Cornwallis administration then abandoned the traditional method of procurement through native agencies ([[banians]], dadni-merchants, gomosthas, etc) and instead, engaged the newly emergent [[agency house]]s for procuring goods from local markets. [Sirajul Islam~~] [Islam, Sirajul Chief Editor, Banglapedia~~]		The East India Company, under the circumstance, reverted to the old dadni system. But as it hit the vested interests of the company servants in ''mofussil'' areas, the dadni system was not allowed to function as freely as before. Under the pressure of vested interests'','' the gomostha system was again introduced in 1775, but with disastrous results. Weavers, salt workers, [[silk]] manufacturers and all other manufacturers and dealers complained of corruption and high-handedness of gomosthas. The Cornwallis administration then abandoned the traditional method of procurement through native agencies ([[banians]], dadni-merchants, gomosthas, etc) and instead, engaged the newly emergent [[agency house]]s for procuring goods from local markets. [Sirajul Islam]

	[[Category:Financial Institutes]]		[[Category:Financial Institutes]]

	[[bn:দাদনি প্রথা]]		[[bn:দাদনি প্রথা]]

Nasirkhan: Content Updated.

2021-06-18T05:55:19Z

Content Updated.

← Older revision		Revision as of 05:55, 18 June 2021
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	~~<p class=Normal >~~'''Dadni System''' ''Dadni'' comes from the Persian word ''dadan'' or advance. One who made an advance as a mark of any business deal was called ''dadandar. ''The Dadni system was a phase of business management of the English [[east india company]] in Bengal in the eighteenth century. The company used to engage local merchants to procure goods from the market on its behalf. They were called dadni-merchants, because they received advances from the company for delivering goods under stipulated terms. Money was advanced to them so that they could go into the local market and transfer the advance, if necessary, to the actual manufacturers for delivery of goods according to a stipulated time and specifications. Dadni merchants passed the dadan to actual manufacturers, either directly, or through a second degree intermediary called ''dalals'' (agents) or ''paikars ''(local stockists).		'''Dadni System''' ''Dadni'' comes from the Persian word ''dadan'' or advance. One who made an advance as a mark of any business deal was called ''dadandar. ''The Dadni system was a phase of business management of the English [[east india company]] in Bengal in the eighteenth century. The company used to engage local merchants to procure goods from the market on its behalf. They were called dadni-merchants, because they received advances from the company for delivering goods under stipulated terms. Money was advanced to them so that they could go into the local market and transfer the advance, if necessary, to the actual manufacturers for delivery of goods according to a stipulated time and specifications. Dadni merchants passed the dadan to actual manufacturers, either directly, or through a second degree intermediary called ''dalals'' (agents) or ''paikars ''(local stockists).

	~~<p class=Normal >~~The dadni merchant did the job for a fixed commission, which he often shared with middlemen. Dadni system was abolished in 1753 on the ground that many dadni merchants failed to deliver goods in time and many even disappeared with company. The company under the circumstances resolved to procure goods through its own factors (chief of ''kuthi'') and ''gomosthas'' (native ''amla''). The change did not produce expected results. Manufacturing classes, particularly weavers were exposed to oppression in the hands of ''gomosthas'', paikars and dalals, whose presence in ''arongs'' caused panic, according to contemporary reports, among manufacturers.		The dadni merchant did the job for a fixed commission, which he often shared with middlemen. Dadni system was abolished in 1753 on the ground that many dadni merchants failed to deliver goods in time and many even disappeared with company. The company under the circumstances resolved to procure goods through its own factors (chief of ''kuthi'') and ''gomosthas'' (native ''amla''). The change did not produce expected results. Manufacturing classes, particularly weavers were exposed to oppression in the hands of ''gomosthas'', paikars and dalals, whose presence in ''arongs'' caused panic, according to contemporary reports, among manufacturers.

	~~<p class=Normal >~~The East India Company, under the circumstance, reverted to the old dadni system. But as it hit the vested interests of the company servants in ''mofussil'' areas, the dadni system was not allowed to function as freely as before. Under the pressure of vested interests'','' the gomostha system was again introduced in 1775, but with disastrous results. Weavers, salt workers, [[silk]] manufacturers and all other manufacturers and dealers complained of corruption and high-handedness of gomosthas. The Cornwallis administration then abandoned the traditional method of procurement through native agencies ([[banians]], dadni-merchants, gomosthas, etc) and instead, engaged the newly emergent [[agency house]]s for procuring goods from local markets. [Sirajul Islam] [Islam, Sirajul Chief Editor, Banglapedia]		The East India Company, under the circumstance, reverted to the old dadni system. But as it hit the vested interests of the company servants in ''mofussil'' areas, the dadni system was not allowed to function as freely as before. Under the pressure of vested interests'','' the gomostha system was again introduced in 1775, but with disastrous results. Weavers, salt workers, [[silk]] manufacturers and all other manufacturers and dealers complained of corruption and high-handedness of gomosthas. The Cornwallis administration then abandoned the traditional method of procurement through native agencies ([[banians]], dadni-merchants, gomosthas, etc) and instead, engaged the newly emergent [[agency house]]s for procuring goods from local markets. [Sirajul Islam] [Islam, Sirajul Chief Editor, Banglapedia]

	[[Category:Financial Institutes]]		[[Category:Financial Institutes]]

	[[bn:দাদনি প্রথা]]		[[bn:দাদনি প্রথা]]

0:0:0:0:0:0:0:1: Content Updated.

2021-06-17T19:06:11Z

Content Updated.

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<p class=Normal >'''Dadni System''' ''Dadni'' comes from the Persian word ''dadan'' or advance. One who made an advance as a mark of any business deal was called ''dadandar. ''The Dadni system was a phase of business management of the English [[east india company]] in Bengal in the eighteenth century. The company used to engage local merchants to procure goods from the market on its behalf. They were called dadni-merchants, because they received advances from the company for delivering goods under stipulated terms. Money was advanced to them so that they could go into the local market and transfer the advance, if necessary, to the actual manufacturers for delivery of goods according to a stipulated time and specifications. Dadni merchants passed the dadan to actual manufacturers, either directly, or through a second degree intermediary called ''dalals'' (agents) or ''paikars ''(local stockists).

<p class=Normal >The dadni merchant did the job for a fixed commission, which he often shared with middlemen. Dadni system was abolished in 1753 on the ground that many dadni merchants failed to deliver goods in time and many even disappeared with company. The company under the circumstances resolved to procure goods through its own factors (chief of ''kuthi'') and ''gomosthas'' (native ''amla''). The change did not produce expected results. Manufacturing classes, particularly weavers were exposed to oppression in the hands of ''gomosthas'', paikars and dalals, whose presence in ''arongs'' caused panic, according to contemporary reports, among manufacturers.

<p class=Normal >The East India Company, under the circumstance, reverted to the old dadni system. But as it hit the vested interests of the company servants in ''mofussil'' areas, the dadni system was not allowed to function as freely as before. Under the pressure of vested interests'','' the gomostha system was again introduced in 1775, but with disastrous results. Weavers, salt workers, [[silk]] manufacturers and all other manufacturers and dealers complained of corruption and high-handedness of gomosthas. The Cornwallis administration then abandoned the traditional method of procurement through native agencies ([[banians]], dadni-merchants, gomosthas, etc) and instead, engaged the newly emergent [[agency house]]s for procuring goods from local markets. [Sirajul Islam] [Islam, Sirajul Chief Editor, Banglapedia]

[[Category:Financial Institutes]]

[[bn:দাদনি প্রথা]]