The timing is also appears to be aimed at significantly reducing cash availability for elections in the big states of Uttar Pradesh and Punjab which should come

The timing is also appears to be aimed at significantly reducing cash availability for elections in the big states of Uttar Pradesh and Punjab which should come in Jan-Feb. During elections, there is massive voter etc bribery with currency that tends to happen and political party workers tend to intimidate merchants into funding them. Undoubtedly the key political parties have already stashed cash for the elections and all of a sudden, the cash is useless.