Finshots Daily cover image

Demonetisation was legal! But was it economically sound?

Finshots Daily

The Impact of Demonetization and the Supreme Court Decision

3min Snip

00:00
Play full episode
20% of Indians don't have a bank account, even if they do. Millions of people get paid for their labor in cash and use it to buy things. The ones who regulate this cash are the central authority on all things money. On 8th November 2016, the Indian government decided to play the role of money manager. It took matters into its own hands by demonetizing 86% of India's currency. Supreme Court heard both sides of the argument but ruled that 'demonetization is legal'

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode