Mr Deputy Chairman Sir, In regard to the Finance Bill we have submit detail amendment and

held and I wish confine now to the General Policy behind Finance Bill. The detailed proposal we
shall deal with them the amendment are taken up. Sir in presenting the Finance Bill. The Budget
Finance Minister to linked the price rise the petroleum and the fertilisers from the Budget
Proposal. He has de-link the price rise to the extend of Rs.27 hundred crores. This petroleum and
price rise coupled that the merit of the about Rs.2 hundred 4 crores and Budget Rs.4 hundred 5
cores and fully comes to total all about Rs.34 hundred cores have had a very strong effect on the
prices. This Budget Proposal have increase the inflationary pressure in the country. It is clear that
the inflation this year will be two digit inflation. The National Newspapers have predicted have
30 percent price. Some economic have of rise of 20 percent is inevitable.
As the Finance Minister have de-link the petroleum and fertilisers price rise from Budget de-link
the inflationary proposal from the Budget. The Budget is the weakest so far as the price also of
the interim price rise. I think the Government and I have already said petroleum project of rising
by 37 percent. The price oil rising by 25 percent. The price of all other committees have by
rising. This is Government any admission. This is Governments any admission. As a review of
the un President price rise hope basic policy for the controller. The price in the court run you
control the price by strengthening the Public Distribution System. In the long run the price by
increasing production. But so far as the Public Distribution System is concerned. There is not
much emphasize has said in one discussion that he does not people in any control. He said he
believe the control by trading people here.
This kind of statement creates confusion. But it we have stop the price rise their should be strong
Public Distribution System. But in our country we have only Rs.2.50 lakhs fair price shops
population of Seven hundred million. Therefore their has to be budgetary support to our Public
Distribution System and we have to have budgetary support of essential commodities. But
shortage we have having. The allocation for textiles million in the public sector which are to
produce to controlled the clock have also been reduce. Government should have from firm
policy. So far as price are concerned. So far as speculators of black markets are concerned. The
price are rise stock are being build and inflationary black market by taking money from two
sources. Sir black money and from other black money. With regard to the relating over Finance
Minister control over 91 still same create is going to speculation because there is collectively in.
That who over still go on getting create. Therefore on create policy there has been greater and
greater money check so that those do not credit. Other wise empty will not succeeded.
This is therefore white money going to speculation and holding and speculation is concerned on
black money is wanjoo committees is concerned. It would point out 8 hundred crores of black
market into market. Somebody that is Rs.2 hundred crores estimate is still higher. It is said that
the their has been the tax evasion of amount Rs.14 hundred crores. Therefore on black money the
Finance Minister has to strong and firm action. The rates are not take place and some times when
rates take place there is something forside in the newspaper but letter nothing come out of it.
Therefore strong and firm measures are to be taken so far as black market and premodilies and
concerned on black market. The question the bear bond were also embodied. It was not
successful and sylen it would. I would like to not asked to disclosed to the House who I would
asked him to take them and he did in the case of the nationalisation of seek measure he deserve
credit.
Gulsher Khan
16/03/2024