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https://youtube.com/channel/UCWG4KaaVxIfeVHUoPN-ktKQ GLOBAL SHORTHAND ACADEMY MOCK TEST 05 ENGLISH SHORTHAND JUNIOR 80WPM Mr. Speaker, Sir, At the outset, I thank you for the opportunity given to me to participate in this discussion on the Finance Bill. When the Honourable the Finance Minister presented the Budget, he had made a number of predictions. // In the course of the few weeks that have passed after the presentation of the Budget, we have found that some of his statements have not been justified. Before I refer to them, I would like to bring to the (1) notice of the Honourable Members of this house a wrong procedure that has been followed by the Finance Minister himself. If you go through the Budgets that were presented earlier, you will find that no additional levies were announced prior to consideration of the Bill. When the Honourable the Finance Minister rose to reply to the general discussion on the Budget, he reduced certain levies and eliminated some other levies. This is only fair. But, he introduced an additional levy (2) on cigarettes. I do not want to go into the merits of the case. But according to the conventions and traditions of this House, such a levy will amount to presentation of a new Budget. Such additional taxation can be // imposed, only if they are found necessary only on the occasion of the consideration of the Finance Bill. I expect and the House also expects from the Finance Minister a clarification about this method when he replies to debate (3) on this Bill. As the Honourable Members are well aware, there is some amount of liberalisation in the matter of direct taxes. Fifty per cent of the population live below the poverty line and they have nothing

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