They also accused the government of having no roadmap for bringing in the GST Bill, recovering the mounting bad loans or expanding the tax base by bringing rich farmers under the tax net and said the nation now wanted "a full-time Finance Minister and not a multi-tasking" one.
"I think the time has come that the nation wants a full- time Finance Minister and not a multi-tasking one ... You need to take reform measures to boost growth," senior Congress leader Veerappa Moily said while initiating the debate on the Finance Bill 2016.
TMC members attacked the government on issues ranging from the jewellers strike and EPF and pension issues and said it had lost an opportunity to expand the tax base by including rich farmers, while BJD said the government was not taking steps to curtail illicit money.
Criticising the budget proposals, Moily said none of the measures including the GST were implemented by this government. "No road map has been prepared for the GST and you are not serious about it. You are not going to achieve anything," he said.
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Maintaining that the situation of banks was getting worse, he said the non-performing assets (NPAs) or bad loans were increasing and banks were not in a position to lend.
"Have you taken any measure to ring fence from the danger," he said, adding the government is not giving right facts to the people of this country. "You have no audacity to recover (the money). You are only sleeping. You have totally demoralised it," Moily said.
collection were lower than during the previous government and "you say it is a bad legacy".
"You said you will deposit Rs 15 lakh in bank accounts. This is not going to happen...It was only 'jumla' (empty statement)," he said.
Speaking on corruption, the Congress leader said the UPA government passed the Lokpal bill and "now it is in limbo".
The Congress leader also demanded details on the Panama papers have come saying the government must present the details on this issue as well as on black money.
Moily also accused the government of misleading the House that it has given highest allocation to the MGNREGA and said the erstwhile UPA government has extended the highest amount for this major people-oriented programme.
In programmes like Pradhan Mantri Fasal Bima Yojana and Pradhan Mantri Krishi Sinchai Yojana (PMKSJ), no progress have been made by the government. "You are only tweaking the old schemes...PMKSJ is just a name change of the previous government's programme," he said.
On the oil and gas sector, the former oil minister said the crude oil prices have down but consumers have not been benefited. In the Tapi pipeline and the three strategic reserves, there has been no progress till date.
The maximum power capacity was created by the previous government and "you are not able to encash on that capacity".
Saugata Roy (TMC) raised the issue of jewellers strike and said the government cannot run the economy with "rigidity". On the other hand, it relaxed terms when there was a protest over the EPF norms, he said.
Roy said he also agreed with the 'fair and lovely' comment by Congress Vice President Rahul Gandhi the way the government was working.
Mahtab said that levy of cess is not desirable and money
garnered through taxes should be utilised to build road and other activities. "I urge the government to shun levy of cess at the drop of a hat and instead taxes be levied rationally."
Defending the government, Nishikant Dubey (BJP) said the senior Congress leader spoke on Budget but not on the Finance Bill. "Yes we have got bad legacy. We got legacy like 2G, Coalgate, CWG and corruption is the legacy we got," Dubey said wondering why the Congress is thinking that thepresent Finance Minister is only for part time.
On the jewellers' strike, he said the Finance Minister has clearly stated that no excise inspector would harrass them and self certification will be there.
Arvind Sawant (Shiv Sena) said the employees of PSU banks suffered because of mergers and amalgamation, much like the staff of Kingfisher Airlines who were also suffering.
He demanded that licence fee for 4G operations by BSNL should be lowered and money should come from exchequer to enable the state-owned company to operate at par with private operators.
To this, Minister of State for Finance Jayant Sinha intervened saying that the provident fund investments were exempt from paying tax at the time of investment, on interest earned and also on the maturity amount, whereas fixed deposit is subject to TDS at the time of maturity.
Investing in Provident Fund is "more advantageous" than investing in fixed deposits, Sinha said.
Jaydev Galla (TDP) said the Centre was not keeping its assurance of granting special category state status to the Andhra Pradesh. "The Centre should bailout Andhra Pradesh".