The Nanda dynasty ruled in northern part of the Indian subcontinent during the 4th century BCE, and possibly during the 5th century BCE. In 326 BC, Alexander invaded India, after crossing the river Indus he advanced towards Taxila.
The Satavahanas dynasty is also known in history for starting the practice of giving royal grants of land. These royal grants were given to Brahmanas and Buddhist monks, including those associated with tax exemptions.
In the 6th century BCE the cultivable land was divided between the people. The beneficiaries were granted only the revenue of these lands and no administrative authority. There was emergence of the notion of private property, as there are references to the gift and sale of land.
EXAMIANS