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The Rajas and Taluqdars were recognized as Zamindars.

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Detailed Solution

The above statement is true.
The Rajas and Taluqdars were recognized as Zamindars.
After nearly two decades of deliberation, the company ultimately implemented the Permanent Settlement in 1793. The rajas and taluqdars were recognised as zamindars under the conditions of the agreement. They were tasked with collecting rent from peasants and remitting revenue to the company. The amount to be paid was set in stone and would not be increased in the future. This was thought to ensure a steady cash flow into the company's coffers while encouraging the zamindars to invest in upgrading the land. In addition, because the state's revenue requirement would not be increased, the zamindar would gain from the increased land output.

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