After PAN, its MIN now.
So, our esteemed and very intelligent bureaucrats under the able leadership of a celebrated Finance Minister has come up with a Gem. Those having Mutual Funds must apply for a yet another Identification Number called : Mutual Fund Itentification Number (MIN).
Now the question is: Why wasn't PAN good enough as identification? How many more such identification numbers are the sleepy Babu's going to come up with - just because one govt. department cannot integrate well with another one?
So - whenever this question comes up: What after all is merit? The answer is always the same: Merit is ability to come up with simple, practical, useful solutions to problems. The above move smacks of inefficiency, wastage of tax payers money and sheer foolhardiness. We have no respect for bureaucrats who take their citizens for granted - as if by virtue of their positions they can keep coming up with any crap they want. Sorry - pls show us efficiency - not arrogance.
Recently - a Politician was sprouting his wisdom on television such: We are elected representatives of people therefore we are entitled to bring about laws that we deem fit for people. By opposing our legislative actions - you are going against the will of the people. Wow ! Now this is what is called: Mish mashing words to suit the rhetoric and hidden agenda. The man ofcourse did not admit - that legislative is elected to carry out good work - not to turn to legal terrorism and mischief - in the name of greater good.