Participating in the debate on the Finance Bill in Rajya Sabha, Naresh Gujral (SAD) said during a question asked in the House a few days ago, a minister had said the cost of production of wheat was Rs 797 and MSP Rs 1,625, for gram it was Rs 2,241 and MSP was Rs 4,000 and for mustard, it was 1,871 and MSP stood at Rs 3,700.
"Sir, if these figures are to be correct, then there would be no farmers suicide. I am certain that this is wrong and if this is right, then why don't you follow the Swaminathan formula which you have already committed," Gujral said.
Gujral also asked the government to look into the amendments in the Finance Bill which gave more powers to income tax department and its officers.
"I wish to draw the attention of the Finance Minister towards few suggestions which are bothering me also as some of the other members in the House," Gujral said.
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"As this government has been a hallmark of transparency and accoutability so I am bit perplaxed as why they are bringing something which will in fact empower the junior officers of the the income tax and disimpower the seniour officers who sit in the tribunal," Gujral said.
He said that Punjab is saddled with Rs 31,000 crore debt by the Centre for procurement of wheat and asked for the appointment of an arbitrator to look into the claims of both centre and state.
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Gujral, who congratulated the Finance Minister for taking the Indian economy on a growth path, however, opposed the move to give more powers to the Income Tax officials.
"There is a concern that you are empowering junior officials while taking away power from the senior officials who sit in the tribunals," he added.