This is an archive article published on November 12, 2016

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

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 […]

3 min readNov 12, 2016 05:04 PM IST First published on: Nov 12, 2016 at 05:04 PM IST
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.

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