Mauryan Public Finance


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Mauryan Public Finance


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Public Finance in Ancient India


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This book is an attempt to focus the attention on the sound economic ideas, magnificent financial management prevalent in ancient India. To start with a comparative position of ancient India and other ancient seats of civilization in this regard has been highlighted. The principles of Taxation, classification of Revenues–both from tax and non-tax sources and various taxes in vogue such as Land Revenue, Customs, Excise Duty, Sales Tax, Excess Profits Tax, Octroi etc. and also revenue from non-tax sources feature in the few subsequent chapters. The principles of expenditure and classification of State expenditure–Military, Civil and Welfare-oriented expenditures–are dealt with in the next few chapters. Financial Administration and methods of Accounting and also Budget including performance budget have been discussed. The findings of this book are based not only on the literary sources but also on the epigraphical evidences.




Public Finance


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Public Finance


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A Study


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The Maurya Empire


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*Includes pictures *Includes ancient accounts describing the empire and its rulers *Includes online resources and a bibliography for further reading During the last centuries of the first millennium BCE, most of the Mediterranean basin and the Near East were either directly or indirectly under the influence of Hellenism. The Greeks spread their ideas to Egypt, Mesopotamia, and Persia and attempted to unify all of the peoples of those regions under one government. Although some of the Hellenistic kingdoms proved to be powerful in their own rights - especially Ptolemaic Egypt and the Seleucid Empire, which encompassed all of Mesopotamia, most of the Levant, and much of Persia during its height - no single kingdom ever proved to be dominant. The Hellenic kingdoms battled each other for supremacy and even attempted to claim new lands, especially to the east, past the Indus River in lands that the Greeks referred to generally as India. But as the Hellenistic Greeks turned their eyes to the riches of India, a dynasty came to power that put most of the Indian subcontinent under the rule of one king. The dynasty that came to power in the late fourth century BCE is known today as the Mauryan Dynasty, and although the ruling family was short-lived and their power was ephemeral, its influence resonated for several subsequent centuries and spread as far east as China and into the Hellenistic west. Through relentless warfare and violent machinations, the Mauryans were able to take a land that was full of disparate and often warring ethnic groups, religions, and castes and meld it into a reasonably cohesive empire. After establishing the empire, subsequent kings were able to focus their attentions on raising the living standards of their people. One particular Mauryan king, Ashoka, embarked on several ambitious public works projects and promoted the tenets of Buddhism. Due to its influence on religion and what many believe was the world's first attempt by a government to legitimately acknowledge human rights, the Maurya Empire continues to be a source of interest and inspiration today. The Maurya Empire: The History and Legacy of Ancient India's Greatest Empire looks at one of antiquity's most interesting empires. Along with pictures depicting important people, places, and events, you will learn about the Mauryans like never before.




Kautilya's Arthashastra


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Kautilya, also known as Chanakya, is India s most illustrious political economist of all time. He regarded economic activity as the driving force behind the functioning of any political dispensation. In fact, he went to the extent of saying that revenue should take priority over the army because sustaining the army was possible out of a well-managed revenue system.Kautilya advocated limiting the taxation power of the State, having low rates of taxation, maintaining a gradual increase in taxation and most importantly devising a tax structure that ensured compliance. He strongly encouraged foreign trade, basing it on the premise that for a successful trade contract to be established, it had to be beneficial to all. He emphasised State control and investment in land, water and mining. Kautilya was a true statesman who bridged the gap between experience and vision. For Kautilya, good governance was paramount. He suggested built-in checks and balances in systems and procedures for the containment of malpractices. Many postulates of Kautilya s philosophy of political economy are applicable to contemporary times.




The Mauryan Polity


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