Tech World's Reaction To Narendra Modi's Ban On Notes

This post is specially for the people who live in India as you can tell by the title. Last night, our Prime Minister, Shri Narendra Modi laid the foundation to wipe the black money and growing concern over the fake currency in the country by doing a major coup yesterday night.





So what he did is, the PM of India made an announcement in which, all Rs. 500 and Rs. 1,000 notes will cease to be legal from today, 9 November. As per the government, the Rs 500 and Rs 1,000 notes cannot be used in any kind of transactions. And those who posses them, they can exchange it at their nearby banks starting 10th November.

Also the government announced new set of Rs. 500 and Rs. 2000 notes, which is expected to be available from November 10th.

Here is the reaction from our tech world to Narendra Modi’s ban Of Rs. 500 & Rs. 1000 notes:


Bhavish Aggarwal, CEO, Ola

Landmark move by PM @narendramodi. This is our first major step towards encouraging a cashless economy. More power to a Digital India!

— Bhavish Aggarwal (@bhash) November 8, 2016

Kunal Bahl, CEO, Snapdeal

The amt of India's economy going through digital pipes will see massive growth! Brilliant move by @narendramodi! @FreeCharge UP UP & AWAY!

— Kunal Bahl (@1kunalbahl) November 8, 2016

Rahul Sharma, CEO, Micromax

A post Diwali dhamaka by the Indian Govt. Brilliant move @narendramodi !Checkmate Black Money #EndGhostEconomy

— Rahul Sharma (@rahulsharma) November 8, 2016

Vijay Shekhar, Founder, One97/Paytm

Keep the money digital. Superb step by our dear PM @narendramodi
From a bit inconvenience to incredible bold step ! #win #🇮🇳

— Vijay Shekhar (@vijayshekhar) November 8, 2016

Kunal Shah, Founder, FreeCharge

Let's build India into a super power by wiping out corruption and black money.

Let's win this together.

— Kunal Shah (@kunalb11) November 8, 2016

Manu Kumar Jain, India head, Xiaomi

#IndiaFightsCorruption: amazing move by PM @narendramodi. Boldest move by any government to fight #BlackMoney. History will be made! pic.twitter.com/1fYHvgEwqt

— Manu Kumar Jain (@manukumarjain) November 8, 2016

Let's accept ₹500/1000 notes from ricksha waala, sabzi waala etc. for few days? We can easily exchange them. It will be a gr8 help to them.

— Manu Kumar Jain (@manukumarjain) November 8, 2016

Anand Mahindra, Chairman and Managing Director, Mahindra Group

Success required the element of surprise.Incredible that this master stroke was kept confidential. No leaks in this ship of Government! https://t.co/uN6brB6fe9

— anand mahindra (@anandmahindra) November 8, 2016

Narendra Bansal, Chairman & Managing Director, Intex Technologies

Welcome bold step by PM Shri @narendramodi and GoI to weed out #blackmoney. Let's support the movement with whole heart.

— Narendra Bansal (@_narendrabansal) November 9, 2016