Chapter 497 The Old Woman's Thoughts
"Boss, someone wants some of our land and asked if we are willing to transfer it," asked one of our subordinates.
"What's the price?" Cyrus asked in a deep voice.
"This? It's 80% off the price of the land we auctioned before." The subordinate answered honestly.
"Get them out!" Cyrus shouted.
The men didn't dare to say anything more and hurried away.
Due to the recent epidemic, the company's funds have become tight, so Cyrus has hinted that he wants to transfer some land.
After all, he acquired a lot of land some time ago, and given the current situation, he can't develop it all at once.
Faced with such a disaster, Cyrus felt that it was acceptable to transfer a few pieces of land in exchange for cash flow turnover.
However, his transfer price would definitely have to be increased by 10% or 20% based on the land auction price at that time.
In other words, Cyrus still wanted to make some money from these lands.
He was unwilling to sell it at the original price, but these guys actually lowered the price directly. As a result, the price difference was quite large.
How is it possible to let myself cut my own flesh?
In Cyrus's opinion, these lands are all high-quality assets. He wants to sell them because he is in a bit of trouble at the moment. Otherwise, he would definitely keep them for his own development. How could he let others get them for free? "Asshole, you want to get a bargain? Don't even think about it. At worst, I can handle it myself." Cyrus thought secretly in his heart.
Cyrus doesn't believe that this epidemic will last too long. Even if it lasts for a year, he has a way to handle it.
At worst, I can just borrow more money, and it doesn’t matter if the interest rate is a little higher.
Given the reputation of the Mistry family, there are still people willing to lend money.
These lands seem a bit difficult to sell now, but once the epidemic is over, the prices of land assets will definitely skyrocket.
Wouldn't it be a huge loss if I transfer the shares at this time?
In view of those guys' hateful price-cutting behavior, Cyrus gave up the plan to transfer the land in exchange for cash flow.
There are still many people who are optimistic about the future market. In fact, Cyrus is also optimistic about the future market.
Maybe this epidemic will end soon? If that happens, I will regret selling the land later.
People like Cyrus are still good.
Because his family is powerful enough, far beyond most people.
So he was able to hold on longer.
Many companies and enterprises may not be able to survive in a few months.
After all, the current situation has brought all kinds of business activities to almost zero.
Factories and companies are basically struggling to operate.
Especially those traditional industries.
The mask factories in Sori are under closed management, and the wages given to workers are several times higher than usual.
If closed management cannot be implemented, these factories and companies will soon be conquered by the virus.
Others are news media companies like Fia.
Many of these companies can now solve problems by working online, working from home, etc.
So the company only needs to ensure that some employees are on site.
This will maintain the normal operation of the company, and the cost is much lower than some traditional manufacturing industries.
In any case, these all increase the cost of doing business.
Large companies and those with sufficient cash flow can still hold on.
But those companies that already have high debts will be in trouble, and some start-ups may collapse just as they start up.
The company's factory closed down and workers were laid off.
This caused further social unrest.
"Powed, your Enforcement Bureau has been performing mediocrely recently," Nirmala said indifferently.
When Bowede heard this, he was so scared that cold sweat broke out on his back.
After the new finance minister took office, Bowede felt a little uneasy.
Because this is a woman, he doesn't know how to curry favor with her.
Fortunately, I got in touch with this woman through Allen.
Logically speaking, Powede, the director of the Law Enforcement Bureau, is a civil servant and does not need to worry about who will be the minister.
If you don't get along with the minister, the worst that can happen is that you'll be marginalized, and there won't be any change in the welfare benefits you're entitled to.
But he is different.
During Allen's tenure as Finance Minister, he worked tirelessly as the Director of the Enforcement Bureau, causing all kinds of trouble and offending too many people.
If he fails to gain the trust and reuse of the new minister at this time, he will definitely be targeted and might even be liquidated, so Bowede is very panicked.
Only by continuing to hold the position of Director of the Law Enforcement Bureau can he keep himself safe.
Even though Allen stepped forward, Bowede still couldn't understand some of the female minister's thoughts.
He was always very careful when doing things, fearing that he might do anything to displease Nirmala.
Especially women, especially old women, who knows what they are thinking?
I didn't expect that even though I was so careful, I still couldn't achieve perfection. Is the minister dissatisfied?
It's really hard to guess what the old woman is thinking.
"I'm sorry, ma'am, I will improve it immediately." Bowede apologized quickly.
Since the other party was a woman, Bowede did not call her "Sir" or "Minister". Using "Madam" was also a respectful title.
He didn't know yet that Nirmala was dissatisfied with the work, but he didn't dare to ask at this time. Anyway, if there was any problem, it must be his own, not his superior's.
It's a matter of attitude.
Nirmala doesn't have any good feelings towards Purvede.
However, she had just taken office as Minister of Finance and had not yet made any moves on some of her subordinates.
As for the Enforcement Directorate, Nirmala will definitely be reused.
When Allen was in office, everyone saw the role of the Enforcement Bureau.
This has been highly recognized within the People's Party.
This is also what Allen is proud of.
Because the Enforcement Bureau has power equal to that of the Central Bureau of Investigation, and can even suppress it.
Who would have dared to think about it in the past?
The Central Bureau of Investigation, that is a horrible privileged agency.
Now, the Central Bureau of Investigation has been stripped of its skin.
It was replaced by the Law Enforcement Bureau.
To the opposition, the Enforcement Directorate has become scarier than the Central Bureau of Investigation recently.
Because the Enforcement Agency is the dog of the People's Party, specifically designed to bite these opponents.
Very purposeful.
As the opposition of the People's Party, who is not afraid? If things go wrong, the Enforcement Agency will knock on their door in the middle of the night.
Therefore, Nirmala will definitely take up this Enforcement Bureau and continue to use it.
However, Nirmala is still a little hesitant about whether to continue using Povede.
After all, after what happened in the previous session, Bowede's reputation is already very bad.
Allen was affected by this, and so was Wade.
However, since Bowede is a civil servant, the procedures for firing him would be somewhat troublesome.
Unlike an elected minister like Allen, who would be removed if someone else were to take over.
Nirmala is indeed somewhat dissatisfied with the Enforcement Directorate’s recent performance.
That's because the enforcement agency's enforcement efforts have slowed down significantly recently, and are completely incomparable to the past during Allen's time.
Allen had recommended Purvede to Nirmala before he left office, and Nirmala certainly showed some respect for the recommendation of his old colleague.
That's why she gave Bowede a chance.
If Bowede performs well, it's not impossible for me to use him.
After all, Bowede has done all the dirty work, and such a person is actually easier to control.
As long as she uses some tricks, she believes that Bowede can still be used by her.
"Madam, are you worried about something?" Bovede was very observant. He noticed that Nirmala's face was not very good. "If you have anything, just leave it to the Enforcement Bureau."
"Of course there is something. As the Finance Minister, I am in charge of money. After taking charge of the money, I realized that this job is not easy. People are asking for money everywhere, but where does the money come from?" Nirmala sighed.
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Bowede's heart moved.
In fact, he knew that Nirmala was worried about money.
That's for sure.
When Allen was in office, he spent most of his time fighting against the money.
It can be said that India’s financial situation has always been poor and it cannot be solved by just one minister taking office.
After all, each state has too much autonomy.
Even though tax reforms were passed before and there was some enforcement by the law enforcement agency, the actual taxes collected from local governments were still not much higher.
This means that the country's finances remain tight.
Nirmala is in a more difficult situation now.
Due to this epidemic, the entire country has come to a standstill, but the money that should be spent has not been reduced by a penny, and may even increase.
Because various epidemic prevention expenses have increased sharply, and various support subsidy funds, etc., have also increased significantly.
All these need to be managed by Nirmala, the Finance Minister, and she needs to pay for it.
But the Ministry of Finance has no surplus food.
Nirmala wanted to make a big splash as the finance minister, but now that she has encountered such a thing all of a sudden, she is a little confused.
In fact, Nirmala had some ideas in mind, such as increasing taxes and so on.
And in this regard, Bowede has done it before.
That was during Allen's reign, when some businessmen were targeted.
At that time, some achievements were indeed made and the country's tax revenue was increased.
But the impact of this incident is not small.
This time Allen was forced to retire, in fact, this is also the reason.
Nirmala wanted to use this method again, but it was obviously not going to work.
She thought of many other ways to increase income, but they were difficult to implement.
This gave her a headache.
"I think our law enforcement agency can help," said Bowede.
"Do you have a plan?" Nirmala asked, "Are you targeting those companies again?"
Hearing this, Bowede smiled awkwardly and said, "We definitely can't do that now."
The last incident caused quite a stir.
He was still a little uneasy at the time, but he didn't take it personally.
He is just an executor after all.
No matter what, this kind of thing should never be done again.
The BJP asked Arun to retire in order to ease some people's dissatisfaction.
There are actually still many people who want to bring bad luck to themselves. At this time, Bowede doesn't want to be caught by them with an excuse.
"So what does the Enforcement Directorate want to do?" Nirmala asked.
She couldn't think of any good solution right now, so she was willing to listen to other people's ideas. Regardless of whether they were useful or not, maybe it could give her some inspiration?
"Madam, it's not easy to move domestic companies, so we might as well turn our attention to foreign companies," said Bowede.
These words made Nirmala's eyes light up.
Bovede had been paying attention to the changes in Nirmala's expression, and when he saw this scene, he had an idea.
If the other party is interested, that's good.
So Bowede hurriedly continued: "Those are multinational companies with strong financial resources. It is easy to get some money from them."
“How could they possibly be willing to give us money?” Nirmala sighed.
"Madam, these foreign companies are actually quite despicable. As far as I know, they have committed too many tax evasions during their operations in India, and the amounts involved are huge. So, this is a fine. They must make up for the amount of tax evasion in the past, and the fine must be several times higher," said Bowede.
To explain how Bowede set his sights on these foreign companies, we have to start with one of his relatives.
One of his relatives originally worked in a foreign company, but was later fired by the company due to some reasons.
Relatives had complained to him about these foreign companies, which made Bovede take it to heart.
We also learned about the various tax evasion practices of these companies.
In fact, Bowede is not unaware that there are too many loopholes in Indian laws. Those large foreign companies hire powerful auditing and law firms, and they can use various methods to avoid many financial expenses.
It's not that Bowede didn't know about this before, but he didn't expect the scale of tax evasion by foreign companies to be so large.
Others use various means to transfer the money earned in India to foreign countries, circumventing some Indian laws and regulations.
If a foreign company makes money in India and wants to remit the money out, it will definitely be restricted by India.
It is true that India earns its money and spends it in India.
In short, it is very difficult to transfer the money you earn.
However, these foreign companies also have their own ways.
For example, they import various raw materials or accessories from abroad, and the prices of these are much higher than normal prices.
And these foreign raw materials and accessories companies are also owned by these foreign companies.
This is a disguised way of transferring profits abroad and successfully transferring the money earned by India out.
Because it is a normal trade transaction, as long as these foreign companies have some connections, the relevant departments in India will not stop them even if the offer is several times higher.
After all, this is a normal transaction remittance, not a direct escape with profits.
This is just one of the methods, there are many more like this.
In short, even if the Indian government has imposed restrictions on the transfer of bad funds, it still cannot prevent such incidents from happening.
It can be said that these things happen every moment and cannot be prevented at all.
Nirmala actually knew all this, and it was no secret.
It’s just that many people benefited from it.
Unfortunately, this was not a benefit for her.
And of course, it does not bring any benefits to the national finances.
Before she was the Minister of Finance, she didn't have to consider these things.
Now that she is the Minister of Finance, if she messes up the country's finances and then has to issue various money orders, it will be her responsibility as the Minister of Finance.
(End of this chapter)