Speaking during release of his book 'Decoding a Decade: The Politics of Policymaking' here, Manish Tewari also termed the demonetisation as "illegal" and expressed fear that people may lose confidence in rupee if demonetisation becomes a regular feature.
"Unfortunately, whether we like it or not, the destiny of 2.5 billion people living in South Asia is being held hostage to this (India-Pakistan) equation. And at some point of time, we have (had) this offs and ons with Pakistan for 67 years.
Tewari also picked holes in the government's decision to demonetise Rs 1000 and Rs 500 currency notes, saying it is "illegal and a Tughlaqi farman" and raised questions over the move to introduce Rs 2000 note without amending the RBI Act in this regard.
He stated that the government cannot also restrict money withdrawal limits without invoking financial emergency in the country.
The Congress spokesperson also sought to know how the government allegedly estimated that there is six crores of black money in circulation.
"...Are we going to make demonetisation a regular feature in the country today? And the danger out there is people will lose their faith in rupee (if demonetisation is done regularly). So, this move may actually undermine the confidence people have in rupee," he said.
On asked about conflict between judiciary and executive, the lawyer-politician noted that the tension is created when executive intentionally tries to "appropriate" space it conceded to judiciary due to poor governance.
To a question, Tewari suggested the need for amending the
anti-defection law, restricting it to "only those instruments which impact the stability of the government".
He suggested the change was required to provide freedom of expression to MPs and legislators by freeing them from the fear of loss of membership for following a line that is independent of positions of their respective parties in instances barring money bills, no-confidence motions, etc.
"The anti-defection law was the step in the right direction..Yes, it has had implications in terms of restricting the legislative space for members in Parliament and the legislatures... But there is a strong case for liberalising the anti-defection law, restricting it to only those instruments which impact the stability of the government," he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
