The Ninth Rock Edict criticizes the use of various popular ceremonies like during the marriage of son or daughter, birth of a child, etc. On the contrary it lays stress on Dhamma and tells the usefulness of moral conduct in one’s life.
Earliest evidence of Banking in India is found from the period of Vedic Civilization. During those days, loan deeds called rnapatra (ऋणपत्र) or rnalekhya (ऋणलेख्य) were prevalent. Interest rates as well as usury (सूदखोरी) was prevalent in Vedic India. The Vedic word Kusidin refers to an usurer (सूदखोर).This term is also found in Manusmriti.
EXAMIANS