is a significant treatise, which was written by Chanakya, an Indian philosopher in ancient times.
Discipline and not compulsion is the key to long-term gains," says Shilpi Johri, a certified financial planner and head of Arthashastra
They are mentioned in Kausalya's Arthashastra
as following the constitution of the king.
Kautilya(also known as Chanakya) and his treatise Arthashastra
(science of resources and statecraft)have a special sway over Indians.
While tracing the origin of Indian Customs to Arthashastra
, the economic treatise of Kautilya, the Union Minister highlighted the major challenges currently confronting the Department.
(science of wealth), India's first political science text, reads more like a manual for kings in the same way as Machiavelli's Prince in so far it is an amoral analysis of the existence of agency power.
His approach to these inscriptions is based on "literal interpretation of texts" inspired frequently by an intensive study of a limited number of Indian or Sanskrit classics such as Kalidasha's Raghuvamsha, Bana's Harsacarita and Kautalya's Arthashastra
It rubs shoulders with classics such as The Art of War -- a Chinese military treatise by Sun Tzu, and Arthashastra
and Nitishastra by Chanakya -- a royal advisor in ancient India.
Kautilya was the first one to write extensively on 'Political Economy' as a separate subject in Arthashastra
In India's case, a reference to Arthashastra
would be more appropriate.
In the period around 500 BCE, we also saw prominent literature and educational developments with the Chanakya's Arthashastra
(4) (350 BCE) ; Nalanda University (5) (450 BCE) & Takshashila University (8 BCE); Architectural Layout of the Harappan Civilisation and the Golden Bird Age (6).
Besides the acquisition of wealth, the Arthashastra
emphasized the repayment of debts.