In order to improve the finances of the government Elgin levied duties on all imports.
But in order to protect the interests of the English cloth merchants, Elgin levied excise duties on Indian made cloth.
These measures and the introduction of gold standard ultimately made the Indian economy sound.
In 1895 all armies of Bengal, Bombay and Madras were brought under the same organisation and placed under one single Commander-in-Chief.
By the Durand Agreement of 1893 a formal British protectorate was declared over Chitral and Gilgit.
Railways were constructed upto the north-west frontiers.
In 1896 famine took place all over India.
In 1897, plague broke out at Bombay.