Cash swap reminds one of Tughlaq: Katju to Modi

“Your chamchas will of course not tell you this, and instead applaud you for this ‘masterstroke,’ but being your ‘’shubh chintak’’ (well-wisher) I am taking the liberty of telling you the truth.”

New Delhi : Former Supreme Court judge Markandey Katju has written an open letter to Prime Minister Modi, appealing to him to immediately revoke the demonetisation of Rs 500 and Rs 1,000 notes, dubbing it as “harebrained, asinine, madcap and reckless order.”

End this madness instead of harassing the common man in India and doing nothing serious to reprieve huge amount of black money stacked abroad by the big sharks, he wrote on Facebook, stressing that “it (demonetisation) reminds one of Muhammed bin Tughlaq.”

“Do you realise how much chaps and problems it has created for the ordinary people throughout India? At first many witless people were praising you, without realising its practical implications, thinking you have by one stroke solved the problem of corruption and black money, but as they are now experiencing the fallout of this scatterbrained idea of yours and are feeling the pinch they have begun cursing you,” he said explaining why his appeal to rollback the measure.  “Your chamchas will of course not tell you this, and instead applaud you for this ‘masterstroke,’ but being your ”shubh chintak” (well-wisher) I am taking the liberty of telling you the truth.”

Justice Katju pointed out that now a day everyone deals with 500, 1000 rupee notes because their purchasing power is the same as that of a 100 rupee note or so only a few years ago because of rapid inflation. “Because of your nitwit order, hawala dealers have been created in large numbers, who are doing flourishing business.

“These people will take a 500 rupee note and give 4 hundred rupee notes.”

Justice Katju, who has been also the chairman of the Press Council of India after retirement from the Supreme Court, pointed out that long queues have been formed before banks, people cannot get taxis, shopkeepers are in distress and there are traffic jams, all because of the sudden demonetisation that left people with the useless currency notes with which they can’t buy anything.

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