Chanakya Niti: There have been many economists in India who have given a direction to the country and its people. One of these famous economist is Acharya Chanakya, he is also known as Kautilya.
On February 1, 2023, India’s Finance Minister Mrs. Nirmala Sitharaman will present the Union Budget. In the Arthashastra written through Kautilya, many important things have been told about the country’s budget, treasury, tax (tax). Let us know how a king should tax his subjects according to Chanakya.
How should be the budget according to Chanakya?
take a lesson from the bee
According to Chanakya, the biggest strength of the king of a country is his Rajkosh (government treasury). Chanakya says that for the progress of the country and the welfare of the people, the person who rules the country should make tax arrangements keeping in mind the ethics and then prepare his budget.
Giving an example, Chanakya has told that the way a bee makes honey for the benefit of people by taking nectar from flowers without harming them. Similarly, those who rule the country should make their own budget, so that the tax burden does not come on the public and they get profit.
development on the basis of equality
Kautilya has told through a verse in Arthashastra that what special things should be kept in mind while preparing the budget. Chanakya says – рдЕрд▓рдмреНрдзрд▓рд╛рднрд╛рд░реНрдерд╛ рд▓рдмреНрдзрдкрд░рд┐рд░рдХреНрд╖рд╛рдиреА рд░рдХреНрд╖рд┐рддрд╡рд┐рд╡рд░реНрдзрдиреА рд╡реНрд░рд┐рджреНрдзрд╕реНрдп рддрд┐рд░реНрдереЗ рдкреНрд░рдЯрд┐рдкрджрдиреА рдЪ That is, according to Kautilya, getting what is not received, preserving what has been received, what has been protected should be distributed on the basis of equality, only then the development of the country and the people is possible.
focus on these people
Kautilya Arthashastra says that the progress of the country is possible only with the progress of the youth. For this, the budget should be made keeping in mind the new employment opportunities, income tax. Along with this, the king of the country should give such facilities, schemes or exemptions, so that the lower class of the society gets the facilities, because it is very painful for those who live in poverty to bear the brunt of inflation.
boost investment
Chanakya has said that the king of the country should give priority to the construction of infrastructure in the budget to improve the cost of investment and doing business. In today’s era, the plan to work firmly on the construction work of road, railway, airport, port, public transport should be included in the budget. Chanakya says that it is very important to pay attention to these areas for the progress of the country.
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