Reliance is a business house or a cheating house
I have been trying very hard to find, '' have the India's biggest business house 'Reliance' any business vision& planning for the sake of country and welfare of its public/ consumers. I find that any business of Reliance duo is not convincing at all in public point's of view. There are so called biggest bizmen but people feel cheated by them. Unlike the Tata group, (whose presence is almost everywhere), reliance is working in selected areas, where windfall gains are immense and possibility of evading taxes is more.
When cellular mobile licensing get started in the country, after some gap this company took license through back door of WLL route which was less costlier and ultimately it created dispute in the telecom circle and they took then govt.'s backing.
In the petroleum sector, they distributed petrol pump franchises, but when it got costlier, they withdraw support to them and most of pump got closed.
On the front of gas, this company which is habituated of earning high profit, lowered down the production in order to create supply constraints in the market and waited long for the hike in the prices. Apart from this many small business like Reliance's big tv's services is most poor among all leading Dish players. Reliance infocom has highest number of call dropping problem. Reliance Fresh is nowhere in matching with brand like Big bazar or easy day.
The things is that Govt. of India brought tax scheme of MAT (Minimum alternative tax), especially for company like RELIANCE. Because , there was a time during 90s, when Reliance even after without paying tax earned profit around 1000 crore. MAT is a tax scheme. under which no company can avoid tax in the name of tax waiver, exemption and holidays schemes, they have to pay some minimum amount of tax to the exchequer.
Now the latest revelation has been made by CAG about Anil Ambani group controlled BSES Yamuna and Rajdhani power, which has inflated bills of consumers many times more amounting around 8000 crores. Does this company run for the sake of its share holders and patronage seekers politicians only?
When cellular mobile licensing get started in the country, after some gap this company took license through back door of WLL route which was less costlier and ultimately it created dispute in the telecom circle and they took then govt.'s backing.
In the petroleum sector, they distributed petrol pump franchises, but when it got costlier, they withdraw support to them and most of pump got closed.
On the front of gas, this company which is habituated of earning high profit, lowered down the production in order to create supply constraints in the market and waited long for the hike in the prices. Apart from this many small business like Reliance's big tv's services is most poor among all leading Dish players. Reliance infocom has highest number of call dropping problem. Reliance Fresh is nowhere in matching with brand like Big bazar or easy day.
The things is that Govt. of India brought tax scheme of MAT (Minimum alternative tax), especially for company like RELIANCE. Because , there was a time during 90s, when Reliance even after without paying tax earned profit around 1000 crore. MAT is a tax scheme. under which no company can avoid tax in the name of tax waiver, exemption and holidays schemes, they have to pay some minimum amount of tax to the exchequer.
Now the latest revelation has been made by CAG about Anil Ambani group controlled BSES Yamuna and Rajdhani power, which has inflated bills of consumers many times more amounting around 8000 crores. Does this company run for the sake of its share holders and patronage seekers politicians only?
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