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Per the 1765 Treaty of Allahabad following the battle of Buxar, East India company was appointed imperial tax collector of the Mughal emperor in the province of Bengal, Bihar and Orissa, while Mughal-appointed Nawabs continued to rule the province.In 1793, ruling power of the Nawabs were abolished and East India company took complete control of the city and the province.During the 1960s and 1970s, severe power shortages, strikes, and a violent Marxist–Maoist movement by groups known as the Naxalites damaged much of the city's infrastructure, resulting in economic stagnation.During the mid-1980s, Mumbai (then called Bombay) overtook Kolkata as India's most populous city.Kolkata's recorded history began in 1690 with the arrival of the English East India Company, which was consolidating its trade business in Bengal.Job Charnock, an administrator who worked for the company, was formerly credited as the founder of the city; The area occupied by the present-day city encompassed three villages: Kalikata, Gobindapur, and Sutanuti.
) [ˈkɔlikat̪a], the name of one of three villages that predated the arrival of the British, in the area where the city eventually was to be established; the other two villages were Sutanuti and Govindapur.
In the late 17th century, the three villages that predated Calcutta were ruled by the Nawab of Bengal under Mughal suzerainty.
After the Nawab granted the East India Company a trading licence in 1690, the area was developed by the Company into an increasingly fortified trading post.
In 1985, prime minister Rajiv Gandhi dubbed Kolkata a "dying city" in light of its socio-political woes.
In the period 1977–2011, West Bengal was governed from Kolkata by the Left Front, which was dominated by the Communist Party of India (CPM).