{"id":3555,"date":"2017-01-29T05:01:57","date_gmt":"2017-01-28T23:31:57","guid":{"rendered":"https:\/\/www.indiauncut.com\/?p=4053"},"modified":"2017-01-29T05:01:57","modified_gmt":"2017-01-28T23:31:57","slug":"the-seen-and-the-unseen-episode-two-demonetisation","status":"publish","type":"post","link":"https:\/\/indiauncut.com\/the-seen-and-the-unseen-episode-two-demonetisation\/","title":{"rendered":"The Seen and the Unseen Episode Two: Demonetisation"},"content":{"rendered":"<p><i>This is <a href=\"https:\/\/www.seenunseen.in\/episodes\/2017\/1\/24\/episode-2-demonetisation\" title=\"The Seen and the Unseen: Episode 2: Demonetisation\">the second episode<\/a> of my weekly podcast, <a href=\"https:\/\/www.seenunseen.in\/\" title=\"The Seen and the Unseen -- Weekly Podcast by Amit Varma\">The Seen and the Unseen<\/a>.<\/i><\/p>\n<p><iframe loading=\"lazy\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/5015562\/height\/90\/width\/400\/theme\/custom\/autonext\/no\/thumbnail\/yes\/autoplay\/no\/preload\/no\/no_addthis\/no\/direction\/backward\/no-cache\/true\/render-playlist\/no\/custom-color\/87A93A\/\" height=\"90\" width=\"400\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/p>\n<p><\/iframe><\/p>\n<p>On November 8, 2016, India&#8217;s prime minister Narendra Modi announced that 500- and 100-rupee notes would cease to be legal tender from midnight that day. This removed 86% of the cash from circulation, an unprecedented event in human history. Demonetisation, as it was then called, or DeMon or Notebandi as it is also known, had humanitarian and economic effects that might take years to play out. In episode 2 of The Seen and the Unseen, Amit Varma is joined by Suyash Rai, an economic analyst from Delhi, as they examine whether demonetisation achieved any of its intended effects, and try to come to terms with some of its unintended (but foreseeable) consequences.<\/p>\n<p>Both Varma and Rai have been early critics of this demonetization, and have written extensively on the subject. Some of their pieces:<\/p>\n<p><a href=\"\/narendra-modi-takes-a-great-leap-backwards\/\">Narendra Modi Takes A Great Leap Backwards<\/a>&#8212;Amit Varma, <i>The Times of India<\/i>, November 20, 2016<br \/>\n<a href=\"\/the-humantitarian-cost-trumps-any-economic-argument\/\">The Humanitarian Cost Trumps Any Economic Argument<\/a>&#8212;Amit Varma, India Uncut, November 24, 2016<br \/>\n<a href=\"\/the-rise-and-fall-of-emperor-modi\/\">The Rise and Fall of Emperor Modi<\/a>&#8212;Amit Varma, <i>Hindu Business Line<\/i>, November 25, 2016<br \/>\n<a href=\"\/three-reasons-why-a-cashless-society-would-be-a-disaster\/\">Three Reasons Why A Cashless Society Would Be A Disaster<\/a>&#8212;Amit Varma, <i>The Times of India<\/i>, December 18, 2016<br \/>\n<a href=\"\/narendra-modi-makes-some-new-year-resolutions\/\">Narendra Modi Makes Some New Year Resolutions<\/a>&#8212;Amit Varma, <i>The Times of India<\/i>, January 1, 2017<\/p>\n<p><a href=\"http:\/\/nipfp.org.in\/blog\/2016\/11\/17\/tackling-black-money\/\">Tackling Black Money<\/a>&#8212;Suyash Rai, NIPFP, November 17, 2016<br \/>\n<a href=\"https:\/\/scroll.in\/article\/822132\/a-flawed-policy-the-real-problem-with-demonetisation-is-not-just-in-implementation\">A flawed policy: The real problem with demonetisation is not just in implementation<\/a>&#8212;Suyash Rai, Scroll, November 22<br \/>\n<a href=\"https:\/\/thewire.in\/84328\/demonetisation-costs-benefits-analysis\/\">The Demonetisation Decision: Event, Impact, Narrative and Meaning<\/a>&#8212;Suyash Rai, The Wire, December 4, 2016<\/p>\n<p>Follow them at their Twitter handles, <a href=\"https:\/\/twitter.com\/amitvarma\">@amitvarma<\/a> and <a href=\"https:\/\/twitter.com\/suyashrai\">@suyashrai.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><i>This is <a href=\"https:\/\/www.seenunseen.in\/episodes\/2017\/1\/24\/episode-2-demonetisation\" title=\"The Seen and the Unseen: Episode 2: Demonetisation\">the second episode<\/a> of my weekly podcast, <a href=\"https:\/\/www.seenunseen.in\/\" title=\"The Seen and the Unseen -- Weekly Podcast by Amit Varma\">The Seen and the Unseen<\/a>.<\/i><\/p>\n<p>On November 8, 2016, India&#8217;s prime minister Narendra Modi announced that 500- and 100-rupee notes would cease to be legal tender from midnight that day. This removed 86% of the cash from circulation, an unprecedented event in human history. Demonetisation, as it was then called, or DeMon or Notebandi as it is also known, had humanitarian and economic effects that might take years to play out. In episode 2 of The Seen and the Unseen, Amit Varma is joined by Suyash Rai, an economic analyst from Delhi, as they examine whether demonetisation achieved any of its intended effects, and try to come to terms with some of its unintended (but foreseeable) consequences.<\/p>\n<p>Both Varma and Rai have been early critics of this demonetization, and have written extensively on the subject. Some of their pieces:<\/p>\n<p><a href=\"\"\/iublog\/article\/narendra-modi-takes-a-great-leap-backwards\/\">Narendra Modi Takes A Great Leap Backwards<\/a>&#8212;Amit Varma, <i>The Times of India<\/i>, November 20, 2016<br \/>\n<a href=\"\"\/iublog\/article\/the-humantitarian-cost-trumps-any-economic-argument\/\">The Humanitarian Cost Trumps Any Economic Argument<\/a>&#8212;Amit Varma, India Uncut, November 24, 2016<br \/>\n<a href=\"\"\/iublog\/article\/the-rise-and-fall-of-emperor-modi\/\">The Rise and Fall of Emperor Modi<\/a>&#8212;Amit Varma, <i>Hindu Business Line<\/i>, November 25, 2016<br \/>\n<a href=\"\"\/iublog\/article\/three-reasons-why-a-cashless-society-would-be-a-disaster\/\">Three Reasons Why A Cashless Society Would Be A Disaster<\/a>&#8212;Amit Varma, <i>The Times of India<\/i>, December 18, 2016<br \/>\n<a href=\"\"\/iublog\/article\/narendra-modi-makes-some-new-year-resolutions\/\">Narendra Modi Makes Some New Year Resolutions<\/a>&#8212;Amit Varma, <i>The Times of India<\/i>, January 1, 2017<\/p>\n<p><a href=\"http:\/\/nipfp.org.in\/blog\/2016\/11\/17\/tackling-black-money\/\">Tackling Black Money<\/a>&#8212;Suyash Rai, NIPFP, November 17, 2016<br \/>\n<a href=\"https:\/\/scroll.in\/article\/822132\/a-flawed-policy-the-real-problem-with-demonetisation-is-not-just-in-implementation\">A flawed policy: The real problem with demonetisation is not just in implementation<\/a>&#8212;Suyash Rai, Scroll, November 22<br \/>\n<a href=\"https:\/\/thewire.in\/84328\/demonetisation-costs-benefits-analysis\/\">The Demonetisation Decision: Event, Impact, Narrative and Meaning<\/a>&#8212;Suyash Rai, The Wire, December 4, 2016<\/p>\n<p>Follow them at their Twitter handles, <a href=\"https:\/\/twitter.com\/amitvarma\">@amitvarma<\/a> and <a href=\"https:\/\/twitter.com\/suyashrai\">@suyashrai.<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,3,20,4,21],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Seen and the Unseen Episode Two: Demonetisation - India Uncut<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indiauncut.com\/the-seen-and-the-unseen-episode-two-demonetisation\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Seen and the Unseen Episode Two: Demonetisation - India Uncut\" \/>\n<meta property=\"og:description\" content=\"This is the second episode of my weekly podcast, The Seen and the Unseen. On November 8, 2016, India&#8217;s prime minister Narendra Modi announced that 500- and 100-rupee notes would cease to be legal tender from midnight that day. This removed 86% of the cash from circulation, an unprecedented event in human history. Demonetisation, as it was then called, or DeMon or Notebandi as it is also known, had humanitarian and economic effects that might take years to play out. In episode 2 of The Seen and the Unseen, Amit Varma is joined by Suyash Rai, an economic analyst from Delhi, as they examine whether demonetisation achieved any of its intended effects, and try to come to terms with some of its unintended (but foreseeable) consequences. Both Varma and Rai have been early critics of this demonetization, and have written extensively on the subject. Some of their pieces: Narendra Modi Takes A Great Leap Backwards&#8212;Amit Varma, The Times of India, November 20, 2016 The Humanitarian Cost Trumps Any Economic Argument&#8212;Amit Varma, India Uncut, November 24, 2016 The Rise and Fall of Emperor Modi&#8212;Amit Varma, Hindu Business Line, November 25, 2016 Three Reasons Why A Cashless Society Would Be A Disaster&#8212;Amit Varma, The Times of India, December 18, 2016 Narendra Modi Makes Some New Year Resolutions&#8212;Amit Varma, The Times of India, January 1, 2017 Tackling Black Money&#8212;Suyash Rai, NIPFP, November 17, 2016 A flawed policy: The real problem with demonetisation is not just in implementation&#8212;Suyash Rai, Scroll, November 22 The Demonetisation Decision: Event, Impact, Narrative and Meaning&#8212;Suyash Rai, The Wire, December 4, 2016 Follow them at their Twitter handles, @amitvarma and @suyashrai.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/indiauncut.com\/the-seen-and-the-unseen-episode-two-demonetisation\/\" \/>\n<meta property=\"og:site_name\" content=\"India Uncut\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-28T23:31:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/indiauncut.com\/wp-content\/uploads\/2019\/09\/iu-placeholder4.png\" \/>\n\t<meta property=\"og:image:width\" content=\"822\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Amit Varma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Amit Varma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/indiauncut.com\/the-seen-and-the-unseen-episode-two-demonetisation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/indiauncut.com\/the-seen-and-the-unseen-episode-two-demonetisation\/\"},\"author\":{\"name\":\"Amit Varma\",\"@id\":\"https:\/\/indiauncut.com\/#\/schema\/person\/890a3d673b0c90c97d76c45a1754ac3c\"},\"headline\":\"The Seen and the Unseen Episode Two: Demonetisation\",\"datePublished\":\"2017-01-28T23:31:57+00:00\",\"dateModified\":\"2017-01-28T23:31:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/indiauncut.com\/the-seen-and-the-unseen-episode-two-demonetisation\/\"},\"wordCount\":269,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/indiauncut.com\/#\/schema\/person\/890a3d673b0c90c97d76c45a1754ac3c\"},\"articleSection\":[\"Economics\",\"India\",\"Podcast\",\"Politics\",\"The Seen and the Unseen\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/indiauncut.com\/the-seen-and-the-unseen-episode-two-demonetisation\/\",\"url\":\"https:\/\/indiauncut.com\/the-seen-and-the-unseen-episode-two-demonetisation\/\",\"name\":\"The Seen and the Unseen Episode Two: Demonetisation - 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