NOVEL NEXT Chapter 199 Elections And Bhartiya School Of Business and Economics Part: 2
199 Elections And Bhartiya School Of Business and Economics Part: 2
Dakshin Bhartiya Empire.
The elections went on for a whole day after which the ballot boxes were sealed within an iron container, locked onto a carriage, and transported directly to different ENEC offices located in each of the capitals of each state. These ballots would be counted one by one in the care of dedicated staff who are not allowed to go outside the building until the counting is completed. This is where the security measures were the most stringent. Thousands of soldiers stood guard outside these ENEC buildings where the counting of votes is going on; there were even 20kg calibre cannons arranged as fortifications.
Before the results of the elections were announced, something else was going on in the business circles of the Empire. The local governments of various states sent notices to all the medium-sized and above merchants of the Empire, inviting them to join a compulsory course that would take place throughout this week. The merchants were skeptical at first, but since it was a direct order from the government, they concluded that this class the government is talking about should be something important.
Fortunately, even though the number of affluent merchants has been increasing, they still constitute a minority, making up less than 5% of the population. The number of merchants in the Empire falls within the range of 1 to 1.8 million. Considering logistical and human resource constraints, managing the various classes is not too challenging. Utilizing existing buildings, the Bhartiya School of Business and Economics was established. It operated as a temporary school, set to exist for a week and then be disbanded. The primary purpose was to provide guidance on the new regulations formulated by the government and educate merchants about contemporary business concepts to keep them updated.
Finally getting to know about the actual reason, many merchants laughed with disdain as they found it ridiculous that the government would teach full-time merchants like them how to do business. So, they decided to ignore the compulsory attendance of the school. Still, the majority of the more prudent merchants numbering several hundred thousand decided to heed the call and attend the school.
One such school was in Mandya.
This school was temporarily established at the city's Gowdara's residence, once upon a time home of the Noble who used to exist in Mandya. However, as he ended up joining the rebellion, he was executed for it, and his family was demoted to commoners with all their properties confiscated. Due to the house being in such a large estate, it was temporarily chosen as the Bhartiya School of Business and Economics. All the merchants in the surrounding area made it to the school.
Inside the large classroom, which could hold a population of 500 people, it was packed. There was a huge noise emanating from the room as various middle-aged uncles talked to each other in loud voices. They all wore luxurious clothes, a rare sight among the commoners, as they discussed business matters. Some small quarrels also broke out when business rivals met.
In this chaotic environment, two individuals entered the classroom, laughing and chatting with each other. Upon seeing them, everyone in the classroom quieted down. It was the top two merchants of Mandya, the Joshi and the Kombu family, who had a monopoly on Textile and coal in the city, respectively. They both waved their hands as the venue became normal with noise, and they both took their seats at the frontmost chairs of the class, where people of similar calibre sat.
A middle-aged man entered the class wearing a black outfit, reminiscent of what CV Raman wore. Everyone respectfully greeted this middle-aged man, as they could already conclude that he was the person sent by the ministry to teach them new regulations and principles.
"Good morning, everyone. My name is Sarvepalli Jaya Murthy. I am from the Ministry of Finance, and I have been tasked with explaining in detail the new laws and regulations of the Empire that are about to be implemented. One of the main objectives of this class is to prepare for the changes that are about to come. Another reason is to give you some knowledge about the new business models developed by the Ministry of Trade and Commerce alongside the Ministry of Finance with the help of the Ministry of Justice."
Everyone was quiet as they listened intently to Jai Murthy.
Jai Murthy first explained the new laws and regulations that would be implemented in the near future in the Empire. A huge discussion broke out pertaining to these different laws and regulations. Different regulations caused various reactions from people in different industries. Whether it was beneficial or hurting their interests, various discussions broke out. Each and every regulation was explained clearly throughout the few days allocated specifically for them.
At the same time, the election results also came out. Surprisingly, all the ministers who currently held their posts will continue to hold them, as the people felt they had done a good job. More importantly, as these ministers were appointed directly by His Majesty, the Emperor, and there was a universal agreement among the common people that His Majesty was the best monarch for them, they did not want to change or contradict his decision. Although the voters did have some ideas, they were still skeptical of going against the emperor, So at last, the top powers retained their positions.
Although the top hierarchy of power remained unchanged after the election, it was not the same at the ground level. Two new classes of politicians were added below the central ministers, and they were directly voted in by the people. Hari Atharv was also nominated as a representative of the town he successfully ran for. Just like Hari Atharv, a new breed of young politicians finally took the stage in the Dakshin Bharatiya Empire, leading to a more efficient way of getting things done for the government. The efficiency of various projects in the government will also increase exponentially in the coming weeks.
On the other hand, the merchants who did not invest much in the election or fund any candidate did not care much about the election. Those who invested were either very happy or sad, but fortunately, as it is still the first election of the Dakshin Bharatiya Empire, the merchants who lost their bets will not be liquidated, as it happens in some Western countries.
After finally knowing the results of the election, the classes at Bhartiya School of Business and Economics continued. After a short break for the results, a new section was taught. Mr Sarvepalli Jaya Murthy started to explain, "Now that you all know about the new regulations that are very likely to be implemented by the end of this week, let me now explain and give you some tools to better adapt and restructure your individual businesses to lead to a more successful career.
Currently, the businesses commonly seen in our Empire are textile businesses, coal mining, iron and steel, cotton, mining and extraction of minerals, agriculture and farming, and the newly formed chemical industry ( ink, dye, colours) and shipbuilding industry."
Then he went on to discuss each of these industries in detail. After that, he came to different types of business structures in which a business could be implemented. For this part, the merchants listened carefully, as they were told that this part was important.
"There are many types of businesses you could build. One is a sole proprietorship, where a business is owned and operated by a single individual. This is the type of business most of you do business in, and it is still the easiest to set up.
Next is a partnership, where a business is owned by one or two more individuals who share responsibilities and profits. Typically, this type of business would be suitable for a law firm, company, or different types of trading companies."
This was the first time they heard about this type of company being so conceptualized, even though such workshops already existed. It just was not put in such a concise and easy-to-understand manner. Next, he went on to explain about guilds, craftsmen associations, family businesses, different cooperatives, and other things. The time it took to complete this course at the Bhartiya School of Business and Economics was a whole week. The businessmen lost out on a lot of time by concentrating on this course rather than on their own businesses, which led to a dip in their finances, and also the businessmen who did not attend the course seized the opportunity to expand their market, cannibalizing the ones where the owners of the merchant business were absent. But unfortunately, that would be the last proper profit. for the absentees Because after the week in which the election and business school both took place, Vijay went through the laws and regulations perfected by Jagannath Mohan and Rajesh. He signed the bill and passed it in the new parliament as the first bill of the Dakshin Bharatiya Empire.
The parliament did not have much experience in doing their job, so they just accepted what the experienced ruling ministers put forward.
The bill of economics, which encompassed a lot of rules and regulations, came into effect right on time for His Majesty's 25th birthday. It also happens to be only a few weeks away from Yugadi. The people who attended the classes quickly, as if practised, went to the nearest office of the Ministry of Trade and Commerce and registered their companies. Standardization of businesses took place at a breakneck speed throughout the empire.
While the merchants who attended the classes smoothly transitioned, those who did not remained clueless as to what was happening. After a significant amount of time without any change, they received fines from the court for not modernizing their businesses, which ended up further burdening their operations when they decided to invest their time in understanding the situation, as their market share was being eaten up. For a few who followed suit by seeking help from their friends, they still ended up falling behind because their concepts could not keep up with the merchants who attended the classes.
Vijay was finally satisfied with the result, and he felt that the foundation for the Dakshin Bharatiya Empire to become a financial superpower was laid on this day with the bill of finance.
Now that he had laid the groundwork, Vijay sent a letter to Leonardo Bellini about the conclusions he had come up with pertaining to foreign investment. Also, along with his decision, the new bill of finance was also sent as a reference.
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