Seeing how they handled the demonetization back in 2016, I'm not that surprised that heavy-handed measures are still being proposed there. Imagine how it could affect the price if Indian lawmakers actually managed to pull this off.
The past government was ruled by an economist named Manmohan Singh and the present government is ruled by a gimmick tea seller with Photoshop images to misguide the masses and they rely on identity politics and social media influence to spread the lies and twist reality and they are doing the best they can do and so is the reason they could get away with the biggest blunders like demonetization ruining the economic growth and forcing businesses to shut down and yet they were able to win the next election because of the media manipulations and the fake news they were able to convince the illiterate masses and hence they were able to win the popularity contest in the elections.
On top of that the financial minister when asked about the decline and recession in the automobile sector said that is caused by the millennial generation who uses Uber and Ola and when you have people like this as the leader what should we expect
. No idea what the government will come up but if the ban is done against the constitution rights then people will fight against it in the court of law even though it takes a long time to get the results.