Introduction of the bill was opposed by Trinamool

Congress leader Saugata Roy, triggering a banter between him and Jaitley who questioned the ground on which Roy was opposing the move.

Roy then took a jibe at Jaitley, saying the minister was not aware of the Lok Sabha rules as he was never its member.

Jaitley is a member of the Rajya Sabha.

The jibe evoked strong objections from the treasury benches with Parliamentary Affairs Minister Ananth Kumar saying the Finance Minister is an esteemed member of the Cabinet and adjudged outstanding Parliamentarian.

Allowed by Speaker Sumitra Mahajan to express his objection, Roy said the bill is "illegal" as the demonetisation statement made by Prime Minister Narendra Modi was without any notification and it should have come from the RBI as it is the central bank which promises to pay the bearer of a currency note its real value.

"It is outside the minister's legislative competence. It (bill) is anti-national... Having never been a member of this House, he does not understand its rules," he said.

Jaitley said Roy was "incorrect" in several aspects and cited the law under which the demonetisation notification was introduced to asset that the due process was followed.

He then took a counter dig at Roy, saying "It will add to his parliamentary experience as now he is getting to learn." The issue of demonetisation had virtually washed out the Winter session.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)