5. What was the nature of bali in the Early Vedic period?
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5. What was the nature of bali in the Early Vedic period?
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Explanation:
Taxation known as 'bali' meaning 'offering', in pre vedic period and later ' ra jkar ' , was regarded as one of the important sources of revenue to the state. Our ancient literature is replete with such exhortations made to kings. Taxation was ostensibly for the maintenance of the government.