1. Indian social activist Anna Hazare hailed demonetisation as a revolutionary step. 2. The Government announced demonetisation following almost 500 % inflation in the country. 3. According to Chhattisgarh Police demonetisation has affected the Naxalite activities. 4. In the past, the Bharatiya Janata Party ( BJP ) had opposed demonetisation . 5. The demonetisation also got support from Chief Minister of Andhra Pradesh Nara Chandrababu Naidu. 6. The President of India Pranab Mukherjee welcomed the demonetisation move by calling it bold step. 7. Tim Worstall termed the demonetisation as welcome macroeconomic effect in his article in Forbes magazine. 8. A spike in the usage of debit card and credit card post demonetisation was also reported. 9. The CMD of Punjab National Bank said that panic after demonetisation started fading on 19 November 2016. 10. Modi said that the queues due to demonetisation were the last queues that would end all other queues.
