Reborn as the richest man in India

Chapter 331: Controlling Reliance Group (asking for monthly votes)

"Relaxing the import of palm oil is like settling the matter with the Sitharaman family last time," Manmohan said.

Qiao Ge smiled, knowing that Manmohan was referring to the last tax increase.

That time the Sitharaman family jumped out.

There was no way, he was under too much financial pressure and couldn't help but jump out.

The government was a little annoyed last time.

But they hooked up with Rajiv through some connections.

But this time it didn't work.

Qiao Ge feels that the fiscal deficit is still too serious, and Rajiv, the boss, must come up with some countermeasures.

His countermeasure is to auction, which can quickly and effectively increase fiscal revenue and alleviate the current fiscal crisis.

It's a pity that his idea was resisted, and he must have become angry out of embarrassment.

If the financial affairs are not handled well, how can he maintain his position as the boss?

"Where are the Aiyar family and the Ambani family?" Jogo asked.

"Forget it about the Ambani family. After all, the government's custody account funds are indeed~~" Manmohan looked slightly embarrassed when he said this, paused and said, "It does not make sense. Aiyar The family has also taken measures, and next the government will raise the minimum base price for grain purchases."

"Ah?" Qiao Ge was stunned for a moment.

Grain farmers in India cannot sell their grains on the market themselves. The government will designate some purchasers to buy from them.

Now Qiao Ge has also obtained this acquisition qualification.

Therefore, in terms of purchase price, there will be a minimum price. This is the government's protection of food production.

In addition to guaranteeing the lowest purchase price, there are also subsidies for fertilizers, pesticides, etc.

It can be said that when farmers in India grow food, they can guarantee harvests despite droughts and floods, and the state will take care of it without losing money.

When the old immortal was in power in his previous life, he wanted to change this system so that food could be bought and sold freely.

In other words, farmers can take the grain and sell it themselves without going through an intermediary purchaser.

But the farmers quit because this kind of free market puts farmers at a complete disadvantage.

It is said to be freedom, but without government intervention, there will definitely be big monopoly companies and big forces, and farmers will not even have the power to negotiate prices.

Now that the government has taken care of things, at least it is stable, so they did not agree to the reform, so they broke out in demonstrations and protests.

This incident caused a big fuss, and countless farmers marched into New Delhi. In fact, it was mainly supported by the big landowners in Punjab.

Because of the free market, the government has canceled various agricultural subsidies.

You know, these subsidies are also a large part of the income of big landowners like them.

They are the biggest beneficiaries of this subsidy.

Lao Xian's reforms were obviously aimed at revolutionizing their lives. How could these big landowners agree?

These big landowners themselves are not weak, and they also have their own political power.

In addition, most of these farmers rent their land, and if they are given a little benefit, these farmers will be provoked.

From the old immortal's perspective, he also considered the country's finances.

The amount of these subsidies is getting larger and larger, and the finances are overwhelmed.

But the resistance was too great. The big landowners mobilized their politically interested allies, and together with the peasants, a powerful civil force, the opposition was huge.

When farmers marched into New Delhi, nearly a thousand people died in clashes with the police who blocked them.

The relevant interest groups were too powerful, and Lao Xian couldn't bear it. In the end, he had no choice but to announce the cancellation of the previous agricultural reform.

Qiao Ge thought that when that time comes, he should also be a member of this interest group.

"If the purchase price increases, the selling price will also increase." Qiao Ge said.

These food price increases are a sensitive topic.

Qiaogo probably understands the government's thinking. If the purchase price increases, the corresponding taxes will also increase.

“There must be no increase in selling prices,” Manmohan said.

Qiao Ge's eyes widened: "Can the grain purchaser agree to this?"

"You have to agree even if you don't agree. This time the government will issue a document strictly prohibiting grain purchasers from raising prices. We must ensure the stability of grain prices." Manmohan said with a smile, "I think even if the government doesn't say it, the people won't agree. .”

Qiao Ge heard the hidden meaning in Manmohan's words. If the grain buyers raised the price when selling, the government would incite people's emotions.

With policy-level announcements and public mobilization, these grain purchasers really don't dare to raise prices.

"Is this targeting the Eyal family?"

"That's right. Isn't the main industry of the Aiyar family food? This time they were chirping in the newspapers, which is annoying." Manmohan laughed.

Jogo was silent.

If the purchase price increases, the Aiyar family will have to spend more costs. If the selling price remains unchanged, at least the increase will be very small, not at all as high as the increase in the purchase price. Otherwise, both the government and the private sector will not be able to survive.

"Oh, you have now entered the grain industry, which will have an impact on you and increase your cost investment." Manmohan saw that Qiao Ge didn't say anything for a while, thinking that he was worried about the impact of this matter on him.

"Mr. Singh, I definitely support the country." Qiaogo said with a smile, "After all, the current financial difficulties are such that if taxes can be increased, I will definitely not object."

"It would be nice if everyone thought like you." Manmohan sighed.

This incident will definitely have an impact on Qiaogo, which is an increase in costs.

However, I have just entered the industry now, and the scale is not large. The industry leaders will definitely suffer the biggest blow.

If their own costs increase by 1 rupee, the Aiyar family may increase by 10 rupees, or even hundreds of rupees.

After all, the Aiyar family is now the number one grain merchant, purchasing the largest amount of grain every year.

In the past, it would have been nothing to the Aiyar family, but the situation is different now.

Recently, the Eyal family's money has been spent like water, and their debts have skyrocketed.

If the government forcibly raises the purchase price and prevents them from selling at a higher price, the Aiyar family will probably be furious.

For Qiaogo, of course, the more things like this that can hit the Aiyar family, the better, and the more ruthless the better.

He wished that the purchase price could be raised as high as possible. Maybe the Aiyar family would be unable to bear it and the capital chain would be broken.

Jogo knew that they had really angered Rajiv this time.

These measures are aimed at them.

Of course, Rajiv should also have the support of many people, otherwise it would not be possible to be so targeted.

As for who they are, Qiao Ge thinks they should still be those old high-caste wealthy families.

They are still very wary of the surge in influence of Reliance Group.

Now that there is an opportunity, it is natural to suppress it, severely suppress it.

"Although the government has nothing to directly target the Ambani family, there are still people who don't want to let it go." Manmohan added.

"Who?" Qiaogo asked.

"Of course he is someone who has nothing to do with the Reliance Group." Manmohan laughed and said, "A few years ago, oh, when he was not the current prime minister, Dhirubhai used various privileges to grab countless benefits and offended Quite a few people. Just watch, Reliance Group’s life will not be so easy next.”

Jogo knew that Manmohan was referring to the relationship between Dhirubhai and Indira, and with Indira's support, he obtained many special permits.

If he got it, there must be someone who didn't get it.

He makes a lot of money, wouldn't others be jealous?

It was just that the relationship between Dhirubhai and Indira was too strong at that time, and they had no choice but to do anything about it.

Generally speaking, these are the privileges of wealthy upper-caste families.

Now being cut off by Drubhai is like grabbing food from their bowl.

So isn’t it obvious who is going to target Reliance Group?

Although the Aiyar and Sitharaman families are now together with the Reliance Group, most of the old high-caste wealthy families still hate the Reliance Group.

Qiao Ge wonders if he will be targeted when he really rises.

There will definitely be some targets, but there won’t be as many forces that can be targeted as the Reliance Group.

The main reason is that the Reliance Group, through political and business collusion, has snatched away the privileged interests of many established wealthy families.

And I haven't really touched their interests yet. After all, I don't rely on any privileges to make money, so I don't have that big of an impact on them.

Of course, after the 1991 reforms, various privatizations, and the rise of various large private companies, the number of low-caste rich continued to increase. If these established wealthy families fail to keep up with the changes of the times, most of them will become empty shells.

So I don't have to worry too much about this.

When that time comes, it will be the power of capital, and you don’t have to be afraid of them at all.

Within two days, there were indeed some special reports in the newspapers about Reliance Group.

The content disclosed a lot of evidence of the Reliance Group’s collusion between government and businessmen and various bribery in previous years.

Although these things are no secret among the top management, no one has ever made them so public before.

One is that everyone doesn’t want to fall out, after all, everyone does this to some extent.

There is also the fact that the Reliance Group has become a climate. If we really fight, everyone will probably lose.

It’s different now, everything has been revealed. It’s the traditional high-caste wealthy families that have beaten Reliance Group’s lost dog.

As these news were reported, public anger was ignited.

Because the deeds here are so bad, the Reliance Group has made too many profits by relying on such shameful means.

Officials have also made statements to suppress Reliance Group, which can be said to have stimulated public sentiment.

For a time, Reliance Group changed from a star company to a situation where everyone was shouting for help.

Shares of Reliance Group continue to fall.

You must know that the stock price of Reliance Group was very good before, but now the situation has taken a turn for the worse. Countless investors are selling the shares of Reliance Group, further suppressing the stock price.

"Boss, should we buy Reliance Group's shares at a low price?" Hudi said.

Although everyone is boycotting Reliance Group now, Hudi is still sober.

Reliance Group is undervalued today.

And with the strength of Reliance Group, it will not be destroyed so suddenly, so it should be able to rise back.

Of course, Hudi's main intention is not to buy stocks at low prices and sell them at high prices to make the difference.

In his opinion, there is now an opportunity to acquire a large portion of Reliance Group shares.

If the boss doesn't have enough funds, he can find some people to join forces to buy stocks, and maybe he can take the opportunity to control Reliance Group.

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