SUPERNOVA

presents

CHANAKYA
Disha Seth Rohit Sute Ruhie Patil Ghanhsham Govind Rahul Dudia

Chanakya (c. 350283 BCE)

Also known Vishnugupta as Kautilya or

Economics provides the basis for human survival and existence Arthashastra

A king should not arbitrarily fix the price of a product without regard to its supply and demand In todays scenario, prices of certain products are arbitrarily fixed. Eg . Kerosene Before a successful contract can be established, it must be beneficial to all countries involved. A principle which underlies modern day trade agreements between countries

The State should have some watch over commercial activities that affect the general welfare of the State. Similar to present day systems of watchdogs that supervise commercial activities (Central Banks, Securities and Exchange Boards)

Those who can be expected to relieve misery, who can give instructions to artisans, who can be trusted with deposits, who can plan artistic work after their own design, and who can be relied upon by guilds of artisans, may receive the deposit of the guilds. The guild shall receive their deposits back it times of distress. Banking system prevalent right now: building trust, having good understanding of markets.

FREE MARKET ECONOMY

Main sections are government, institution building, & consumer. Kautilya wanted to streamlined all activities for welfare of the state. It is all about governance of the market. Controlling of prices. State as a facilitator. Institution building. State intervention.

PREVENTION OF UNFAIR TRADE PRACTICES

Commodities activities Quality Guidelines Controlling of prices Punishment Welfare of citizen Law of demand & supply

CONCEPTUALISING GOOD GOVERNANCE

It is divided in political, economical, & administration Kautilyas ARTHASHASTRA book on governance. Governance a) means (political power) b) ends (material wealth) It is meant for superior officials like ministers & also the king. it includes how to rule, what aims he should strive for etc. CHANDRAGUPTA MAURYA created an ideal state.

GUIDELINES FOR GOOD GOVERNANCE

Main organ of state & servant of people. Give punishment to corrupts. Give bodily comfort to servants & increase their wages. Welfare of people. Maintain law & order. Discipline & strict code of conduct. Protection of life & property. Maintain stability. Expenditure on salary. Avoid extreme action & decisions.

TODAYS AGRICULTURE

PUBLIC GOVERNANCE
Village economy. Budget accounts and audit. Structure of salaries and wages. Frauds and punishments. Priority to agriculture, water management, road building

AGRICULTURE
Agriculture subsidies. Lack of commercialization. Lack of food security including road development. Emphasis on organic farming. Cultivating different crops.

FOREIGN TRADE
Trade as revenue generator Supervision and control over trading Imports of goods Export on government account

DOMESTIC TRADE
Protection of trade routes Typology of domestic trade Relative merits of different types of economic activity Safety in transit

GOVERNMENT FINANCE
Chanakyas ultimate objective was not to benefit the King, but to the people.

PRINCIPLE OF TAXATION
Taxation should not be a painful process for the people Schedule of taxes. Exemption of tax.

CLASSIFICATION OF PUBLIC REVENUE

Corporate taxes Indirect taxes Land and Property taxes Customs Duty Income tax Entertainment taxes

HEAD HUNTING

A recruitment process involves convincing the person to join your organization

How to identify people?

Many of Chanakyas teachings & policies were influenced by the Vedas.

There are four types of behavior that makes a man seducible: Anger When ones desire are obstructed. Fear Ones fear of losing something. Greed State of overwhelming desires. Pride Arrogance that follows greed.

How to lure them?

Anger Reinforcing (detrimental) perception that they hold about their Managers and Organization. Fear Reinforcing sense of insecurity from the Organization. Greedy Reinforcing their desire by amplifying the fact that their organization rewarded those who were devoid of spirit, knowledge and spirit. Pride They love to get their ego massaged.

CONCLUSION
Chanakya laid down the foundation for Economics, Politics, Optimum Utilization of Resources for the betterment of Human Being.

Thank you!