However, the Rajya Sabha continued to be stalled due to pandemonium, involving even clashes between the ruling and the opposition benches.
The second batch of Supplementary Demand for Grants was passed by the Lok Sabha by a voice vote after a short debate during which members of Congress, Trinamool and some other Opposition parties continuously shouted slogans.
Several members, including Kirit Somaiya (BJP), Jayadev Galla (TDP) and Dushyant Chautala (INLD), participated in the debate.
"I today challenge them (Congress) to spell out a single step that they had taken during 10-year of their rule against black money," he said, taking on the Opposition party which has been attacking the government over demonetisation.
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Refuting the allegation that government has given additional route to people to convert black money into white by paying 50 per cent tax, Jaitley said the effective liability on them would be about 65 per cent, much higher than 8 per cent under the Voluntary Disclosure of Income Scheme (VDIS) of 1997.
As per the amendment to the Income Tax Act which is pending in the Rajya Sabha, the unaccounted income declared by black money holders during the 50-day window ending December 30 would attract tax and penalty of 50 per cent while the remaining 25 per cent of such income would have to be deposited with government for four years.
While replying to debate on Supplementary Demand for
Grants, Jaitley referred to demonetisation and expressed hope that situation would normalise by the end of this month.
The Finance Minister said every effort is being made to minimise the hardship of the people who have to stand in long queues to get currency.
"I should clarify that Prime Minister Narendra Modi has said that we will normalise the situation by December 30. We will try and minimise the hardship faced by the people. Every day RBI put money into the system. Efforts are being made to towards less cash economy and digital economy," he said.
He accused the Opposition of running away from the debate by continuing the protest.
The Opposition members, meanwhile, continued to shout slogans against the government and Prime Minister Narendra Modi while demanding debate under Rule 184 which entails voting.
Speaker Sumitra Mahajan then adjourned the House for the day.
Earlier, despite the din, several matters of urgent importance were taken up during the Zero Hour. A number of questions were also taken up during the Question Hour.
Members belonging to the Congress, Trinamool Congress and Left parties then rushed into the Well. Apart from usual English and Hindi slogans, the members also raised slogans in regional languages like Malayalam and Bengali.
"What is this? I am warning you. Please, please, I am repeatedly telling you if you want to debate, debate. But don't disturb the whole House," an upset Speaker told the shouting members.
Amidst continued din, the Speaker took up five questions before adjourning the House for nearly 20 minutes till noon.
The Congress and Left members were seen wearing black bands on their right arm as a mark of protest against demonetisation, which was announced exactly a month ago.
The Rajya Sabha, on the other hand, saw a washout once
again due to deadlock over demonetisation. It was adjourned twice during the pre-lunch period and then finally for the day a few minutes after it reassembled at 2 PM.
No sooner were the listed papers laid, Sukhendu Sekhar Roy (Trinamool Congress) said 115 people have lost their lives in 30 days since Prime Minister Narendra Modi announced junking of old 500 and 1000 rupee notes. Their death should be mourned in the House, he said.
Even before he could finish, Information and Broadcasting Minister M Venkaiah Naidu was up on his feet saying "this is politics. Let there be a discussion (on the issue)... November 8 (when the demonetisation was announced) is a historic day."
When Leader of Opposition Ghulam Nabi Azad was asked by the Chair to speak as requested by him, Naidu protested, saying the Opposition had been using the tactic of slamming the government and then creating ruckus when someone from the government spoke to ensure that its views are not heard.
Azad then said more than 100 farmers, women, youth and elderly persons have lost their lives in last one month due to hardships caused from wrong policies of the government.
"We wanted this House to mourn their death but the government has refused an obituary reference," he said.
Ruling side members, in turn, shouted slogans demanding resumption of debate on demonetisation which was initiated on the first day of the ongoing Winter session on November 16.
People do not have money and the government says there is enough currency in circulation, Azad said, adding "this is the limit of shamelessness."
At this point, Jaitley got up to reply but opposition members began raising slogans. They were countered by slogan shouting from the BJP benches.
Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi said the unfinished discussion on demonetisation should resume immediately.
Soon after the House reassembled at noon, Congress started raising slogans and repeated efforts by Chairman Hamid Ansari to restore order in the Upper House did not yield result and he adjourned the House till 2 PM.
When the House met again, Digvijay Singh (Cong) raised objections to reduction of import duty on wheat from 10 per cent to nil. He expressed the reservations soon after Minister of State for Finance Arjun Ram Meghwal tabled the notification on import duty cut.
Sharad Yadav (JD-U) also objected to this step.
Ansari then asked members to continue the debate on demonetisation to which the opposition responded with a resounding no. They then started shouting slogans and the House weas adjourned for the day.