Wednesday, November 9, 2016

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

 
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

Kunal Bahl, CEO, Snapdeal

Rahul Sharma, CEO, Micromax

Vijay Shekhar, Founder, One97/Paytm

Kunal Shah, Founder, FreeCharge

Manu Kumar Jain, India head, Xiaomi


Anand Mahindra, Chairman and Managing Director, Mahindra Group

Narendra Bansal, Chairman & Managing Director, Intex Technologies