Despite parents complaining of a cash crunch due to demonetisation, a government aided school in Salem allegedly did not allow students who failed to pay their fees, to sit for the mid-term exams.
Little Flower Higher Secondary school did not allow its students, especially Class 10 and Class 12 students, to write their exams. The school is considered to provide affordable quality education to the middle class, and is popularly known as LFHS school, The New Indian Express reported.
Around 3,000 students have recently enrolled in the school, with 2,000 in Tamil-medium and 1,000 in English medium curriculum.
LFHS school headmaster John Joseph told The New Indian Express that it was rumour and they just asked for an explanation from parents for not paying the fees. He said that the English medium students were supposed to pay yearly fees and the Tamil-medium students were expected to pay expenditure and maintenance fees to the school.
According to an assessment released last week by Deloitte, an international consulting firm, the demonetisation of Rs. 500 and Rs. 1,000 notes will hurt agriculture, informal sector workers -- about 482 million people who earn cash incomes -- and disrupt India's consumption patterns for at least the next quarter.
Moreover, it will take over a month for all the ATM machines to begin functioning. There are nearly two lakh ATMS across India to be configured to dispense the new Rs. 500 and Rs. 2,000 notes.
With IANS inputs