"It is a courageous move to weed out corruption and it will have significant long term benefits for the economy," Gujarat BJP chief Jitubhai Vaghani told PTI.
"This is a brilliant move to end menace of black money menace," he added.
Gujarat Deputy Chief Minister and Finance Minister Nitin Patel said "With this, quantum of India's economy moving through the digital pipes will witness massive growth"
Vadodara Mayor Bharat Dangar said, "Prime Minister Narendra Modi has taken a historic decision which will eradicate corruption and prevent laundering of money through Hawala racket".
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