Despite parents complaining of a cash crunch due to demonetisation, a government-aided school in Salem, Tamil Nadu, 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, including Class 10 and Class 12 students, to write their exams.
The school, commonly referred to as LFHS, is known to provide affordable quality education to the middle class, The New Indian Express reported.
Around 3,000 students have recently enrolled in the school, with 2,000 in the Tamil-medium and 1,000 in English medium curriculum.
LFHS school headmaster John Joseph told The New Indian Express that it was a rumour and they had only asked for an explanation from parents for not paying the fees.
He said that the English medium students were supposed to pay their 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 ATM machines to begin functioning properly. There are nearly two lakh ATMS across India to be reconfigured to dispense the new Rs 500 and Rs 2,000 notes.
(With inputs from IANS)
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