(C) The Permanent Settlement,also known as the Permanent Settlement of Bengal, was an agreement between the East India Company and Bengali landlords to fix revenues to be raised from land, with far reaching consequences for both agricultural methods and productivity in the entire British Empire and the political realities of the Indian countryside. It was concluded in 1793 by the Company administration headed by Charles, Earl Cornwallis, also known as Lord Cornwallis. The Permanent Settlement was introduced first in Bengal and Bihar, and then in the south district of Madras and Varanasi.