<P> The decision met with mixed initial reactions . Several bankers like Arundhati Bhattacharya (Chairperson of State Bank of India) and Chanda Kochhar (MD & CEO of ICICI Bank) appreciated the move in the sense that it would help curb black money . Businessmen Anand Mahindra (Mahindra Group), Sajjan Jindal (JSW Group), Kunal Bahl (Snapdeal and FreeCharge) also supported the move adding that it would also accelerate e-commerce . Infosys founder N.R. Narayana Murthy praised the move . </P> <P> Deepak Parekh (Chairman of HDFC) had initially appreciated the decision of demonetisation, but later said that the move had derailed the economy, and expressed skepticism about its outcome . Industrialist Rajiv Bajaj criticised the demonetisation, saying that not just the execution, but the concept of demonetisation was wrong in itself . </P> <P> The Indian National Congress spokesperson Randeep Surjewala welcomed the move but remained skeptical on the consequences that would follow . Chief Minister of Bihar Nitish Kumar supported the move . The demonetisation also got support from Chief Minister of Andhra Pradesh Nara Chandrababu Naidu . Former Chief Election Commissioner of India S.Y. Quraishi said demonetisation could lead to long term electoral reforms . Indian social activist Anna Hazare hailed demonetisation as a revolutionary step . The former President of India Pranab Mukherjee welcomed the demonetisation move by calling it bold step . Chief Ministers of several Indian states like Mamata Banerjee, Arvind Kejriwal and Pinarayi Vijayan have criticised and led major protests against the decision in their states and in parliament . Initially, the move to demonetise and try to hinder black money was appreciated, but the manner in which it was carried out by causing hardships to common people was criticised . </P> <P> Several government ministers had declared before the demonetisation that they were holding large amounts of cash, including Arun Jaitley, who had more than 65 lakh rupees in cash . This led to questions being raised about whether and when the ministers had deposited the cash they held . </P>

When was the demonstration first implemented in india