"It is an important day for Indian democracy, Parliament and Indian economy as the politics of obstructionism led by Congress failed today," he said, adding that the strength of Indian democracy and better sense of the country's lawmakers have prevailed.
Asked about the way ahead for the land bill, against which the opposition stands united, he said the government will take a view on it but there was no dejection.
"There is no dejection," he said, when asked if he felt so as the land bill could not be passed in this part of the budget session.
"Government had four important bills, three of which have been passed in the first part of budget session, besides the budget. Many important discussion on issues also took place. From government's view, I consider this as a very successful session," he said.
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The Finance Minister said "the sole purpose of the opposition led by Congress was to create obstruction in government functioning and law-making process in Parliament."
Jaitley said government has also introduced an important bill in Lok Sabha for taxing those possessing foreign assets illegally and filing criminal cases against them.
"I hope in the second part of the budget session, Parliament will hold a meaningful discussion on it," he said.