Chetan Bhagat’s long rant against demonetisation of Rs 500, Rs 1,000 is a must read

By: Trends Desk | Published:November 12, 2016 5:04 pm
Chetan Bhagat rants against demonetisation Chetan Bhagat rants against demonetisation

After Delhi Chief Minister Arvind Kejriwal, Bollywood actor Arshad Warsi, it’s author Chetan Bhagat who took to Twitter to voice his opinion against demonetisation of Rs 500 and Rs 1,000 notes, a step taken by Prime Minister Narendra Modi in a bid to curb corruption and existing black money in the country.

In a series of tweets, Bhagat lashed out at the government saying that while the move maybe well-intentioned, it’s execution is poor. “While demonetization might be well-intentioned, the poor execution such as empty ATMs may lead to a lot of suffering for ordinary citizens,” he wrote. He also criticised the design of the new note which is incompatible with existing ATMs making it difficult for people to withdraw cash. “Wonder why the size of the new notes was changed, taking them unusable in existing ATMs, esp when secrecy meant u couldn’t modify ATMs,” he tweeted.

Clearly worried about the government’s image, he also said, “It will be sad if good idea to clean up economy becomes political negative for govt who did it. Will discourage. Hope execution fixed soon.”

When a user questioned his ‘patriotism’ as ‘show off’ after criticising the government, Bhagat told him, “Don’t use patriotism as an excuse for bad operations research type planning. What’s not going well has to be told, in national interest.”

Read all his tweets here.

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  1. A
    Albert Colaco
    Nov 13, 2016 at 12:07 pm
    The common man continues to suffer. An average Indian would have spent at least several hours just to deposit demonetised notes and get new currency notes. Many are not so fortunate. Today, a Sunday everywhere people in huge queues in front of bank branches.. Many still waiting afternoon. Cash is again running out. Pity those who would have to return empty-handed once more. Meanwhile. Modi today showed that the main aim of demonetisation was to demonise the opposition. He has failed to generate jobs and give impetus to growth. So he needs these distractions.
    1. S
      shamsundar perumal
      Nov 13, 2016 at 7:55 am
      Planning and execution are pedestrian. Defending through patriotism, honesty, etc is like saying Mumbai is resilient even under worst attacks. Mumbaikars had no choice. Either they have to face the terrorist attacks or be without;br/gt;lt;br/gt;Common man has no choice but to accept the demonetization and suffer. If you give the public a chance to vent out their anger,......
      1. A
        Abhijit Ray
        Nov 12, 2016 at 12:19 pm
        I agree with Mr Chetan Bhagat. While I support idea of prime minister and his government to demonetise 500 and 1000 rupee currency notes, I think implementation and execution is less than adequate. While middle and upper middle cl have access to various options available, those with limited options are worst affected. After spending two hours in line, if one is informed that bank is out of cash, it is difficult to retain composure. Add to that imagination less management of customers. Many preferred customers walk in the bank without any care for those standing in queue. Yet bank employees entertain these clients. Bank can easily issue tokens to people based on cash available and amount to be disbursed per person. They can ask rest to wait at their own wish or come back at a later time. People may not get money at least they can do something else. These are called planning. Many banks simply lack.
        1. A
          Nov 15, 2016 at 6:52 am
          Execution could have been better, but nobody wants any suggestions and instead bawls and rants like Arnab. No harm in some suggestions for mitigating hardships. One funny thing is that one of the main BJP spokespersons did not answer when he was asked on TV whether henceforth BJP would take donations only by cheque or bank transfer.
          1. D
            Damaru Prasad
            Nov 12, 2016 at 1:10 pm
            He is India's "Know All Guy", who pokes nose everywhere. It does not take him to explain the complication anyway. He is himself a joke.
            1. S
              Nov 13, 2016 at 8:34 am
              Some of the best brains were involved in this highly secretive and intelligent operation. For sometime, believe that they thought out everything before taking decisions like changing the size of currency, printing Rs.2000 denomination, etc. Slowly we will get answers for one CA student wrote an open letter to Kejri why printing Rs.2000 was necessary.
              1. J
                Nov 13, 2016 at 2:14 pm
                Surprised to hear important people demanding roll-back of demonetisation. Demand for roll-back of demonetisation and more concessions should not be met. However, the shortage of money (new notes and smaller denominations) in circulation should be quickly overcome, to sufficient levels.
                1. J
                  Nov 14, 2016 at 4:09 am
                  Its very clear. Chetan afraid of loss of income from book . Indians don't need advice of people sitting in Gl house.
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