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* According to Shabdakalpadruma<ref>Shabdakalpadruma ([https://sa.wikisource.org/wiki/%E0%A4%B6%E0%A4%AC%E0%A5%8D%E0%A4%A6%E0%A4%95%E0%A4%B2%E0%A5%8D%E0%A4%AA%E0%A4%A6%E0%A5%8D%E0%A4%B0%E0%A5%81%E0%A4%AE%E0%A4%83/%E0%A4%B5%E0%A5%88%E0%A4%9C%E0%A4%AF%E0%A4%A8%E0%A5%8D%E0%A4%A4%E0%A5%80 Page 4/523])</ref>, बणिकः११ पणिकः १२ । इति राजनिर्घण्टः ॥ in the meaning of "वैश्यः" or tradesman.   
 
* According to Shabdakalpadruma<ref>Shabdakalpadruma ([https://sa.wikisource.org/wiki/%E0%A4%B6%E0%A4%AC%E0%A5%8D%E0%A4%A6%E0%A4%95%E0%A4%B2%E0%A5%8D%E0%A4%AA%E0%A4%A6%E0%A5%8D%E0%A4%B0%E0%A5%81%E0%A4%AE%E0%A4%83/%E0%A4%B5%E0%A5%88%E0%A4%9C%E0%A4%AF%E0%A4%A8%E0%A5%8D%E0%A4%A4%E0%A5%80 Page 4/523])</ref>, बणिकः११ पणिकः १२ । इति राजनिर्घण्टः ॥ in the meaning of "वैश्यः" or tradesman.   
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Sayanaacharya explains in his commentary for the Rig mantra as follows<ref name=":0" />  <blockquote>kincha panayaha vyaya ahisnavaha vanijaha panihi vanika bhvathi thi yaskaha panayaha iti lubdakaha abhi yuddavanaha yugadinam akurvanaha adanashilaha asmat shatravaha (Commentary for Rig. Veda. 1.12.4 – 10)</blockquote>Panis were wealthy people who hoarded money with a very miserly business attitude, lacking in intellectual stability and had very little regard for any Vedic ritual.
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* Sayanaacharya explains in his commentary for the Rig mantra as follows<ref name=":0" />  <blockquote>kincha panayaha vyaya ahisnavaha vanijaha panihi vanika bhvathi thi yaskaha panayaha iti lubdakaha abhi yuddavanaha yugadinam akurvanaha adanashilaha asmat shatravaha (Commentary for Rig. Veda. 1.12.4 – 10)</blockquote>Panis were wealthy people who hoarded money with a very miserly business attitude, lacking in intellectual stability and had very little regard for any Vedic ritual.
 
*Maharshi Yaska also refers to 'Panis' as business minded people or tradesmen.  The Vedas also talk of बेकनाटा || bekanatas who are known to be shrewd money lenders who impose heavy interest for their profits. These ‘bekanatas’ supposedly can see only during the day and when night befalls they argue that those visible things do not exist. Therefore they are considered to be नास्तिक || nasthika or atheists like the Charvaka philosophers. To reaffirm this, Yaska maharshi quotes the following Rig mantra  
 
*Maharshi Yaska also refers to 'Panis' as business minded people or tradesmen.  The Vedas also talk of बेकनाटा || bekanatas who are known to be shrewd money lenders who impose heavy interest for their profits. These ‘bekanatas’ supposedly can see only during the day and when night befalls they argue that those visible things do not exist. Therefore they are considered to be नास्तिक || nasthika or atheists like the Charvaka philosophers. To reaffirm this, Yaska maharshi quotes the following Rig mantra  
 
<blockquote>कदू महीरधृष्टा अस्य तविषीः कदु वृत्रघ्नो अस्तृतम् । इन्द्रो विश्वान्बेकनाटाँ अहर्दृश उत क्रत्वा पणीँरभि ॥१०॥  (Rig. Veda. 8.66.10)<ref>Rig Veda ([https://sa.wikisource.org/wiki/%E0%A4%8B%E0%A4%97%E0%A5%8D%E0%A4%B5%E0%A5%87%E0%A4%A6%E0%A4%83_%E0%A4%B8%E0%A5%82%E0%A4%95%E0%A5%8D%E0%A4%A4%E0%A4%82_%E0%A5%AE.%E0%A5%AC%E0%A5%AC Mandala 8 Sukta 66])</ref></blockquote><blockquote>Here the word अहर्द्र्श || ahardrisha has been explained in detail by Sayanaacharya as follows<ref name=":0" /></blockquote><blockquote>''nanu sarve suryam pasyanthi ko atra tishaya iti ucyathe ihaiva janmani suryam pasyanthina janmanthare lubdaka ayushtarondhe tamasimajansthi athva laukika neva ahani pasyanthi na para laukikanthyath drishtani dishta pradanahini nastikaha''</blockquote>Meaning : A question arises that if everyone can see the Sun why panis are called ahardrihaha. It is said that panis see the Sun only in this lifetime and because of their miserliness and disengagement in Yajna, they attain the land of ‘andha tamasa’ or complete darkness in their future births. Panis view the world with a materialistic or physical light and do not experience the light of spirituality or the higher realms. Thus they remain in the land of ‘andha tamasa’ or in complete darkness for their understanding is that of the atheists who only believe in what they see with their eyes.
 
<blockquote>कदू महीरधृष्टा अस्य तविषीः कदु वृत्रघ्नो अस्तृतम् । इन्द्रो विश्वान्बेकनाटाँ अहर्दृश उत क्रत्वा पणीँरभि ॥१०॥  (Rig. Veda. 8.66.10)<ref>Rig Veda ([https://sa.wikisource.org/wiki/%E0%A4%8B%E0%A4%97%E0%A5%8D%E0%A4%B5%E0%A5%87%E0%A4%A6%E0%A4%83_%E0%A4%B8%E0%A5%82%E0%A4%95%E0%A5%8D%E0%A4%A4%E0%A4%82_%E0%A5%AE.%E0%A5%AC%E0%A5%AC Mandala 8 Sukta 66])</ref></blockquote><blockquote>Here the word अहर्द्र्श || ahardrisha has been explained in detail by Sayanaacharya as follows<ref name=":0" /></blockquote><blockquote>''nanu sarve suryam pasyanthi ko atra tishaya iti ucyathe ihaiva janmani suryam pasyanthina janmanthare lubdaka ayushtarondhe tamasimajansthi athva laukika neva ahani pasyanthi na para laukikanthyath drishtani dishta pradanahini nastikaha''</blockquote>Meaning : A question arises that if everyone can see the Sun why panis are called ahardrihaha. It is said that panis see the Sun only in this lifetime and because of their miserliness and disengagement in Yajna, they attain the land of ‘andha tamasa’ or complete darkness in their future births. Panis view the world with a materialistic or physical light and do not experience the light of spirituality or the higher realms. Thus they remain in the land of ‘andha tamasa’ or in complete darkness for their understanding is that of the atheists who only believe in what they see with their eyes.

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