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Three months after declaring it illegal, Modi government to reintroduce Rs 1,000 notes

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Unbelievable as it may sound, but the Reserve Bank of India and the government have reportedly made up their minds to reintroduce Rs 1,000 notes to replace the note of similar value, that Prime Minister Narendra Modi had declared invalid on 8 November last year.

Quoting senior government officials, Indian Express reported that the RBI has already started production of the new Rs 1,000 note.
 

reintroduce Rs 1,000 notes
The photo of new note was published by India Today, which said the new Rs 1000 note may look like this
 

The report further added that the initial plan was to introduce the new Rs 1,000 note in January but “it has been delayed due to the pressing need to supply Rs 500 notes”.

 

The news comes a day after Baba Ramdev said the Rs 2,000 should be withdrawn calling the denomination as the root cause for economic crimes.

PM Modi on 8 November had declared Rs 500 and Rs 1,000 notes illegal blaming them for promoting black money. The government had then introduced new Rs 500 and Rs 2,000 notes.

More than 200 people had died due to demonetisation related stress. The government and the RBI had come under plenty of criticism for constantly changing policies during the demonetisation period.

More than 70 new rules were passed during the 50 day period of the note ban.

Prime Minister Modi had promised to restore normalcy by 30 December, but ATMs across the country continue to remain without cash.
 

After being denied hall tickets by EFLU, UoH students allowed to write exam

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The two students were members of the Ambedkar Students Association (ASA) at UoH.

EFLU

Days after two students from the University of Hyderabad (UoH) were denied their PhD entrance exam hall tickets by the English and Foreign Languages University (EFLU), they have now been allowed to appear for the exam.

The two students, Kavyashree Raghunath and Manani MS, are members of the Ambedkar Students Association (ASA) at UoH, were denied their hall tickets for participating the protests surrounding the death of Rohith Vemula.

While Kavyasree Raghunath is the General Secretary of the ASA, Manasi MS is the Cultural Secretary of the association's UoH wing. 

The students claimed that they were not able to download the hall tickets online, and directly approached EFLU's administration. 

Prakash Kona, the proctor of EFLU, stated orally that they both had actively participated in all the protests following Rohith's death, and that he had "photographs of you two on my table", the students alleged.

Several students condemned the alleged act by the university, also highlighting that the university has a "history of casteism". 

However, the university defended its stand, saying, "There is a university rule which does not allow students involved in acts of indiscipline to write the entrance exam."

The students reportedly received an SMS on Sunday, stating that they are now allowed to write the exam and can download their hall tickets from the website. 

Speaking to TNIE, Manasi said that they were asked to write a letter, regarding the denial of hall tickets and they did so. They were able to download the hall ticket on Monday afternoon.

The entrance exam is scheduled to be held on February 25, 2017.

Courtesy: The News Minute