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Kautilya's Arthashastra contains some universal truths which transcend the boundaries of time and space. Arthashastra is also very relevant for solving the problems of present day society, especially in the field of education and management. The ancient ideals of education must be adopted to modern conditions. In the Indian view of life, universal peace is attained by toleration. The purpose of learning is not mere gaining of knowledge. Knowledge, the object of knowledge, and the application of knowledge-all three are equally important. Kautilya's Arthashastra is a well known treatise,...