The media is ablaze with the news of the scams that have been unearthed during the organisation of the common wealth games. It was a front page subject for a leading news paper, whose ethics are being questioned, for more than 2 weeks. We never had such a coverage of any other large scam, except may be the Tehelka or the Satyam.
But another major scam is brewing up in the financial sector. We all know that credit cards are alloted in different classes, depending on the purchasing power of an individual and his credit rating. We have right from the classic, to top level premium cards giving credit limits up to several lakh rupees.
But did you know there is such kind of catagorisation in PAN cards? For those who don’t know what PAN is, it means Permanent Account Number. It’s the unique number which links all the financial accounts together, to bring the account holder under tax net, convienently. It’s a different matter that the number is quite useless at this moment, since the government has failed to implement it effectively, even after years of launching it. But its shocking to know that the PAN card comes in different classes, as far as I know. I do not know what the classification is about, or whether the people holding the other class PAN numbers reap any benefits in the matters of taxation. But I do know that some big scam is going on.
Or is it?
May be this entrepreneur went overboard with his advertisement, expecting to pull more clients with such advertising.
Check out the photo and you will understand…….
They claims that they make all kind of PAN cards, and I surely want to apply for the one with maximum benefits.