CONGRESS LEADER Manish Tewari on Wednesday said the government’s move to scrap Rs 500 and Rs 1,000 currency notes was “illegal”, adding that it cannot be done without legislation.
“The demonetisation is completely illegal. You cannot demonetise by executive action. Twice earlier when it happened, it happened through ordinance and legislation… In my opinion… you cannot even introduce the Rs 2,000 note without amending the RBI Act and including Rs 2,000 as one of the currencies to be issued,” he said.
“In my respectful opinion… without invoking financial emergency you cannot impose arbitrary limits on people withdrawing their own money… Without legislation you cannot take away property from people and currency is property under Article 300 A of the Constitution. At some point of time the courts may rule on the legality of it but by that time the horse would have bolted from the stable,” he said at a function to release his book “Decoding a Decade 2006-2016 — The Politics of Policy Making”.
He was interacting with senior journalist H K Dua. Asked about tension between the judiciary and government, Tiwari said it was fine for the judiciary and the executive to have a different view.